News

Interest rates have been left on hold again – sitting at their record low of 1.5 per cent for the 26^thmonth in a row.

Melbourne had 69 auctions for the entire week with just over half getting sold successfully according to CoreLogic figures.

A recent report commissioned by the Mortgage Industry Group has given people an insight into what the mortgage broking industry brings to the Australian market.

It’s a challenging environment for property investors – prices are falling, rates are rising, rental property is in oversupply and auction clearance rates are low.

The major banks have agreed to share customers’ repayment history with each other in a landmark deal aimed at improving customer credit quality assessments.