An RBA official says Australian banks have understated the value of investor loans and it justifies the decision from regulators to crack down on investor loans.
The demand for finance from housing investors has started to slide, most likely off the back of tighter lending restrictions and recent interest rate hikes from banks.
The gap between home loan interest rates being offered by the major banks and the rest has effectively doubled according to comparison website Mozo.
If you’ve bought a doer-upper or want to improve your existing home in Melbourne there’s good news, a new report says the state has the cheapest tradies in Australia.
The Australian Securities and Investment Commission is planning to review mortgage brokers on interest-only lending processes.
A global peer-to-peer (P2P) lender says the practice will one day move into residential mortgages in Australia.
Melbourne is loading up for a super Saturday of auctions this weekend.
With a record number of properties up for auction on the weekend it was a real test of the strength of the Melbourne property market – and it came through okay.
The price of property in most Australian capital cities has fallen over November, including Melbourne.
Investor-owned homes across Melbourne are sitting empty, as knew figures from a Prosper Australia study show there’s more idle houses and apartments than first thought.
