Search Results for: mortgage
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INDUSTRY NEWS
New Zealand homeowners struggle to pay mortgage
New Zealanders are struggling afford a home, with higher interest rates and elevated property prices squeezing borrowers.
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NEWS
First home owners join MyBrix looking to sell their mortgage to investors
Sydney-based FinTech start-up, MyBrix, has received its first applications from property owners looking to sell their mortgage debt to investors.
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INDUSTRY NEWS
Over two-thirds of mortgage holders struggle to make repayments
Life isn’t getting any easier for mortgage holders, with over two-thirds struggling to make their repayments according to a new survey.
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INDUSTRY NEWS
Aussie mortgage holders spared a Christmas interest rate rise
The Reserve Bank of Australia has provided mortgage holders a Christmas time reprieve, electing to keep interest rates on hold at 4.35 per cent at today’s board meeting.
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INDUSTRY NEWS
First-home buyers opting for “memories not mortgages”
First home buyers are increasingly First-home buyers are increasingly opting for “memories not mortgages” as the high cost of getting into the market makes owning a home less appealing to younger generations in the post-Covid world.
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INDUSTRY NEWS
Australian households still managing to service their mortgage
Australian mortgage holders remain susceptible to financial stability risks, as higher inflation and rising interest rates continue to put pressure on household budgets.
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INDUSTRY NEWS
New Zealanders spending half their income on mortgage repayments
Despite property prices easing across New Zealand, mortgage holders are still spending nearly half their income on repayments according to a new report.
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INDUSTRY NEWS
Fixed rate mortgage cliff hasn’t hurt borrowers yet
With the fixed rate mortgage cliff already underway, there’s still no sign of distressed sellers or a blowout in arrears according to an expert.
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INDUSTRY NEWS
Homeowners forced to work 3.6 weeks per month just to pay their mortgage
If it feels like you’re working all week long just to end up with nothing to show for it, then you might be right, with new data showing a single-income household spends 3.6 weeks, on average, working each month just to pay the mortgage.
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INDUSTRY NEWS
Fisherman Bay has Australia’s most serviceable mortgage repayments
Buyers looking for the most economical towns and suburbs where mortgage repayments are manageable should head to Fisherman Bay in regional South Australia.
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INDUSTRY NEWS
Recent borrowers could end up spending 50 per cent of their income on their mortgage
Homeowners could be soon forking out up to 50 per cent of their income on mortgage repayments if the cash rate reaches 4.6 per cent according to new analysis.
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NEWS
Escalating mortgage defaults as Australians grapple with mounting financial pressure
The number of Australians defaulting on their home loan is on the rise, according to new research.
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INDUSTRY NEWS
One in four properties purchased without a mortgage
Cash buyers have been active on the East Coast, with a new report showing that 25 per cent of all property purchases in 2022 were made without a mortgage.
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INDUSTRY NEWS
Call to cut refinancer stress test to let borrowers out of mortgage prison
Australia’s leading financial comparison site, RateCity, has called on the Australian Prudential Regulation Authority (APRA) to lower its stress test for refinancers.
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INDUSTRY NEWS
Are renters being forgotten with the focus on mortgage holders?
Despite the ongoing attention on mortgage holders getting hit with higher interest rates, renters are actually the ones that are far worse off according to new research.
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THE ELEVATE PODCAST
Money, money, money: Dan Argent on planning your financial future, the once-in-a-decade opportunity for agents and how to pay off a mortgage in under five years
UrbanX founder, Dan Argent shares his insights on how agents can build true wealth, why you should look to grow your market share and why now might be the perfect time to go out on your own.
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INDUSTRY NEWS
One in four borrowers are paying over 6.5 per cent on their mortgage
Rising interest rates have caught borrowers off guard, with one-in-four now paying over 6.5 per cent interest on their mortgage.
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INDUSTRY NEWS
House prices: why this key figure is more important than mortgage rates
Population growth has a far bigger impact on property prices than mortgage rates, according to a new report from Domain.
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INDUSTRY NEWS
Mortgage affordability declines, rent crisis eases slightly: REIA
Mortgage holders are facing an increased financial strain for mortgage holders but renters have been given a slight reprieve, according to the Real Estate Institute of Australia's latest affordability report.
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INDUSTRY NEWS
The Queensland agency offering to cover six months rent or mortgage payments
With the cost of living crisis taking its toll on Australian households, one Queensland real estate agency has taken matters into its own hands.
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INDUSTRY NEWS
Mortgage refinancing activity up as survey shows borrowers are fudging the numbers
Owner-occupiers are refinancing in record numbers according to new statistics from the Australian Bureau of Statistics, as separate figures from Finder show that more than 10 per cent of borrowers lied about details on their loan application.
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Tough conditions for mortgaged New Zealand investors
Homeowners across New Zealand who own multiple mortgaged properties face tough buying conditions as regulations and higher interest rates make it harder to purchase homes.
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Fixed-rate mortgages could hit 7 per cent in New Zealand
One-year fixed-rate mortgages could surge as high as 7 per cent in the coming months putting even more pressure on New Zealand property prices according to an expert.
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Mortgage rates nearing APRA’s mortgage serviceability buffer
The sharp rise in the official cash rate has seen mortgage rates pushing up towards the Australia Prudential Regulation Authority’s (APRA) mortgage serviceability buffer.
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INDUSTRY NEWS
US home mortgage rates top 6 per cent for the first time since 2008
Mortgage rates in the US have hit their highest level since 2008, as the popular 30-year fixed rate loan has now topped 6 per cent.
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INDUSTRY NEWS
Big banks increase mortgage rates again
All four major banks have passed on the full 50 basis point interest rate increase, while once again savers have missed out.
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INDUSTRY NEWS
Fixed-rate mortgage bomb set to go off
Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year.
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INDUSTRY NEWS
Mortgage anxiety rises as the RBA continues to hike the cash rate
Rapidly rising mortgage rates could leave borrowers in serious financial trouble with new research finding two-thirds of homeowners may default as a result of the increased cash rate.
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INDUSTRY NEWS
Mortgage anxiety looming for Aussie homeowners
Australian homeowners are hurtling towards mortgage anxiety, with new research revealing more than 75 per cent of people were unsure how cash rate increases would impact their household budget. The data, from financial services group Aussie, shows 28 per cent of Australian mortgage holders did not consider the cash rate would increase at all when they budgeted for their home…
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INDUSTRY NEWS
Nerida Conisbee: Why mortgagee sales are rising
Cost of living pressures and mortgage stress has seen the number of mortgagee sales increase according to new data.
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INDUSTRY NEWS
Mortgage holders to ‘grit their teeth’ and absorb interest rate hikes
As interest rates look set to keep on rising, over five million Australians are likely to be impacted by the higher cost of living and could experience mortgage stress, according to data.
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INDUSTRY NEWS
Rents and mortgage repayments to keep rising
Rents and mortgage repayments are expected to continue to rise over the next 12 months, putting more pressure on households already struggling with the high cost of living.
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INDUSTRY NEWS
Labor looks to cut the cost of a mortgage by up to $380K
The Labor Party has announced its intentions to introduce a new shared-equity housing scheme that could help shave up to $380,000 off the cost of a home.
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INDUSTRY NEWS
NZ first home buyers struggling to get a mortgage
First home buyers in New Zealand are struggling to get a mortgage with tighter lending requirements and rising interest rates squeezing borrowers, according to a leading expert.
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INDUSTRY NEWS
Almost two-thirds of borrowers use mortgage brokers
As competition ramps up within the lending space, more buyers are seeking the services of mortgage brokers to help them fully understand their options. Mortgage brokers accounted for almost 67 per cent of mortgages written last quarter, according to the latest figures from the Mortgage & Finance Association of Australia (MFAA). The result is 6.8 per cent higher than the…
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