By Annie Kane | Mortgage Business Bendigo and Adelaide Bank Limited has agreed to acquire the ANZ Investment Lending portfolio – which has approximately 11,900 customer facilities – to further grow its margin lending business, Leveraged Equities Limited. The portfolio is valued at approximately $715 million and is expected to take the combined value of the bank’s margin…
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Source: CoreLogic | Research News | 30 June 2022 Home Value Index shows Australia’s housing downturn builds momentum in June, driven by sharper falls in Sydney and Melbourne and weakening conditions elsewhere. CoreLogic’s national Home Value Index (HVI) recorded a second consecutive month of value declines in June, down -0.6%, to be -0.2% lower over…
Source: NHFIC Australian Government Home Guarantee Scheme: 40,000 new places released on 1 July From 1 July, 40,000 new places under the Federal Government’s Home Guarantee Scheme (HGS) will become available to help Australians to buy their own home. The Home Guarantee Scheme comprises the First Home Guarantee (FHBG), previously known as the First Home…
By Annie Kane, Mortgage Business From today, 40,000 new places have become available under the federal government’s schemes to help Australians buy their own home. The Home Guarantee Scheme comprises the First Home Guarantee (FHBG) – previously known as the First Home Loan Deposit Scheme – and the Family Home Guarantee (FHG). It allows eligible…
By Juliet Helmke 21 June 2022 New South Wales Premier Dominic Perrottet has released details of his planned reforms to stamp duty in the state, though the changes don’t go as far as he’d like. Under the new scheme, first home buyers will be able to choose between an upfront payment or a smaller annual property tax…
Source: realestate.com.au by Eleanor Creagh Housing market activity in 2022 has quickly slowed from last year’s exceptional pace due in part to rising mortgage rates and higher home prices dampening affordability. Home prices have surged over the past two years and now mortgage rates are on the rise. This is seeing demand from prospective buyers…
Source: Financial Review by Nila Sweeney The monthly decline in Melbourne has reduced the total number of listings for rental properties to 8244. Over the past 12 months, the number of properties available for rent in the capital of Victoria fell by 53.8%, which was the sharpest drop among all capitals. The number of vacant…
Source: Domain By Chloe Breitkreuz May 3, 2022 Borrowers could see higher mortgage repayments within weeks, with the Reserve Bank of Australia (RBA) increasing the official interest rate for the first time in more than a decade. The RBA board on Tuesday decided to increase its cash rate target by 25 basis points to 0.35 per cent,…
