This month, banks have been forced to implement two major changes that will impact our abilities to get a loan. Open Banking and Comprehensive Credit Reporting are being forced on the banks to improve the way data is …
ReadWe’ve all seen the glossy brochures for new apartments with street filled with shops and passers-by. But, according to a new ABC report, many apartments are remaining empty – deadening the feel of the new development. Australian’s shopping …
ReadThere’s another way of getting finance. The lending market is changing radically and Aussie borrowers can reap the benefit as they look for alternative sources of funds. Recent surveys conducted by ASIC have made it clear that the …
ReadFixed mortgage rates continue to be cut with Macquarie Bank, ME, and HomeStart Finance being the latest lenders to cut rates by up to 60 basis points, according to TheAdviser’s report. Macquarie Investment banking company Macquarie has revealed …
ReadLast month, Chan & Naylor Finance Managing Partner, Graeme Salt, was interviewed by PropertyBuyer about the current state of the property finance market. Here’s the transcript which first appeared on PropertyBuyer. 1. If you were to compare the …
ReadThis week saw another bounce in preliminary auction clearance rates for Sydney according to Domain at 61 per cent, but with Melbourne languishing a bit at 55 per cent. Melbourne came to its downturn phase later, and thus …
ReadGood mortgage brokers strive to get the best deal for their clients. But best is not always the cheapest. Our Christmas and New Year were overshadowed by a loan we were arranging where the original bank really put …
ReadNext year Australian property will be hit by multiple forces – some for the good, some for the bad. But, by the end of 2019, there will be greater optimism in property than there is now. Here’s What …
ReadSydney and Melbourne may be labelled as rivals but they have much in common, especially their economies. Knowledge-intensive service industries have transformed both cities over the previous 20 years. The four biggest markets by output in both Sydney …
Read“Tighter Lending Conditions” many would-be buyers are hearing as their banks decline their loan application. But where do they go next if they have to settle on that property? The latest numbers are in – the housing market …
ReadThere are a few regular events in the Australian calendar; leadership spills in Canberra, the Melbourne Storm reaching a grand final and the media panicking everyone with stories about a property crash. Recently both 60 Minutes and 7.30 …
ReadIn the past, bank lending policies were more lenient, and getting a home loan application approved was quite simple. However, in recent years, bank lending criteria has become tighter, and there has been a whole new level of …
ReadDespite its reputation for being Australia’s best-performing capital city market in terms of value growth, the evidence suggests Hobart’s housing market is set to weaken, according to CoreLogic research analyst Cameron Kusher. Data from the firm shows that …
ReadNot only is walking beneficial to our health and the environment, a walkable city can also have economic advantages. It is no coincidence that the six most walkable cities in the world have high GDP levels. Here in …
ReadThere has been plenty of TV and newspaper ads from credit repair companies that claim they can improve your credit report or history and while this may sound enticing, you should be careful of any organisation promising to …
ReadAre you paying interest more than you have to? As the financial year comes to an end, it’s that time when many Australians complete their tax returns, check their mortgage statements and realise that the banks are ripping …
ReadOver the past decade interest-only (i/o) loans have been easily available so much so that they have been perceived to have been a stimulant of the property spike. However, because of the changes from APRA, about $60 billion …
ReadHave you made too many credit enquiries over the past 12 months? You may be surprised to know that your personal loan, credit card or home loan application may be denied just because you have done so. People …
ReadSometimes, you don’t mean to miss a due date but there could be some consequences. When you do forget to pay a bill, it could make it difficult for you to get a loan. Fortunately, it does …
ReadGetting a loan may become more complicated under new credit policies being developed and it may not just apply to those with a bad credit. Banks are being forced to join the new comprehensive credit reporting regime which …
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