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One bedroom v two bedroom apartments – which is better for the first home buyers?

February 18, 2018

It’s a tricky proposition for the first time home buyers – faced with a steep entry point, is it worth stretching the budget even further to get a second bedroom? According to Domain Group data, two-bedroom apartments cost an average of 13 per cent more across Sydney, although this can vary depending on the suburb. […]

home buyers

Total housing loans up almost 7% annually

February 11, 2018

Total domestic housing loans across all authorised deposit-taking institutions (ADIs) have risen by $100bn (or 6.9%) to more than $1.55 trillion in the 12 months prior to September 2017. These figures come from the Australian Prudential Regulation Authority (APRA) which examined residential and commercial property exposures as well as new housing loan approvals. The regulator […]

housing loans

Improved housing affordability sees flood of Fist Home Buyers

February 11, 2018

Housing affordability has improved while first home buyers enter the market in even greater numbers, according to brand new research. The latest Housing Affordability Report released by the Real Estate Institute of Australia (REIA) in partnership with Adelaide Bank has revealed some positive market trends across the country. The proportion of median family income required […]

first home buyers affordability

NAB to remediate 2,300 home loan customers

February 7, 2018

NAB has commenced the NAB remediation program for some of its customers, after a review identified their home loan may not have been established in accordance with NAB’s policies. It follows the completion of an extensive review by NAB which identified around 2,300 home loans since 2013 that may have been submitted without accurate customer […]

NAB remediation program

Fewer Aussies are behind on mortgage repayments

January 28, 2018

Despite high household indebtedness, the number of Australians behind on their mortgage repayments has fallen, according to a recent report by ratings agency S&P. Delinquent housing loans underlying prime residential mortgage-backed securities (RMBS) fell to 1.00% in November 2017 from 1.04% the previous month, S&P partly attributed the drop to a continuous increase in outstanding […]

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