Too many brokers have an "old school" approach to low-doc lending, a broker specialising in the loans has said.
The Australia Statistics Bureau showed that during the period 2000 to 2011, renting outpaced home ownership in the country.
We always talk about the special partnership between the UK and US, and we all know that it will scarcely ever be as "special" as it was between Bush and Blair, at least not until sufficient time to have past for us all to have forgotten the lies Blair told during the time that he was being operated from behind by Bush, but that is another article.
The Sri Lankan government is scrapping the 100% tax levied on foreigners buying land, in favour of a new special land tax to be unveiled in the 2012 budget.
Sydney's tight rental market has shown some marginal improvement, new figures suggest.
The RBA minutes showed a split on decision to cut rates, with arguments for both easing and a policy "on the tight side of normal".
Urban lifestyles are taking off as single dwellings become prohibitively expensive.
Aussie consumers have no plans to jump into the property market, even though savings are up and mortgage stress is down.
Aussie consumers have no plans to jump into the property market, even though savings are up and mortgage stress is down.
More banks have made cuts to their fixed rate product suites, with one lender discounting below 6%.
Adelaide Bank's rebrand won't be 'dancing girls and elephancts', but it will promote broker use, Damian Percy has said.
Heritage Building Society is coupling its rebranding as a bank with widespread mortgage broker distribution.
Most brokers can't believe how simple vanilla commercial lending can be, and may easily be able add this new income stream to their home loan business, it has been claimed.
The ACCC is set to rule this week on a proposed merger that would see CBA acquire a large stake in Mortgage Choice.
Melbourne-based adviser Mark Davis has topped MPA’s Top 100 Broker list after settling a staggering $170m of home loans in 2010/11.
Unsold housing stock is nearing record levels, and would take nearly eight months to clear.
Melbourne-based adviser Mark Davis has topped MPA’s Top 100 Broker list after settling a staggering $170m of home loans in 2010/11.
Housing finance edged up in September, but a housing group has claimed the result masks weak demand for new homes.
Australian Bureau of Statistics (ABS) housing finance figures for September 2011 show in trend terms that the number of finance commitments increased for the fifth consecutive month; the September increase was 1.2 percent.
The Melbourne Cup RBA rate cut has already filtered through to a massive increase in customer enquiries, a WA broker has said.
Next year is unlikely to see the heralded return of credit demand, Commonwealth Bank has indicated.
First homebuyers are dominating mortgage enquiries, a broker has claimed.
The outlook is promising for residential real estate in Sydney in 2012. Business research and forecasting firm BIS Shrapnel says Sydney's housing market is set to regain momentum next year after a slump in 2010-11 following interest rate rises and slow economic growth.
More thought needs to be put into the practice and implications of an industry move to fee-for-service, according to LJ Hooker Finance's general manager Peter Bromley.
House prices in Austria are continuing to rise rapidly, fuelled by strong economic growth and declining mortgage interest rates.
ANZ has announced a $5.36bn full-year statutory profit, but said difficult business conditions will be here "for some time".
First home buyers are heading back to the market in droves, new figures suggest.
Unfortunately for the US Fed, its two day meeting which wrapped up this morning won't have much influence on the outlook for the US economy.
APRA has warned lenders on loosening credit standards in the face of weak mortgage demand.
Firstfolio has predicted the RBA rate cut will be a "litmus test" for the government's unilateral ban on exit fees.
