There’s a huge number of interest-only mortgages in Australia – around $120 billion worth – that will soon transfer over to principal-and-interest according to the Reserve Bank.
News

The Reserve Bank says it’s more than just tighter lending - there’s four main drivers pushing down our house prices.

Melbourne’s property market is on the slide but affordable housing providers Ingenia Communities and Lifestyle Communities are bucking the trend – and all in outer ring suburbs while they’re at it, as they sell homes to downsizing retirees.

So how do you put the odds in your favour when trying to get your home loan approved?

The Bank of Melbourne is launching an aggressive push to turn around sluggish demand for home loans from new customers.
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