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Finance • 11 AUG 2011

Mortgagees find feet in hard market

The percentage of Australian mortgage holders in arrears has fallen in the last month, suggesting borrowers are finally starting to cope with the higher cost of living.

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Hotspots • 11 AUG 2011

McMansions on outer as buyers downsize

Large ‘McMansion-style’ houses are quickly losing their appeal as buyers seek smaller and more efficient houses, with three-bedroom, two-bathroom homes particularly...

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Hotspots • 11 AUG 2011

Dour outlook for residential building

The nation’s residential building activity is likely to remain flat this year after new home lending fell 0.4 per cent in June, HIA senior economist Andrew Harvey has...

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Finance • 11 AUG 2011

Escalating debt problems encourage RBA pause

Back in May 2011, Reserve Bank Governor Glenn Stevens advised that “rates would need to rise at some point”.

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Hotspots • 10 AUG 2011

Agent to offer vendors home insurance

A Sydney-based real estate franchise network said it would offer vendors an insurance policy that covers the eventual home buyer for major system and appliance repairs...

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Finance • 10 AUG 2011

Banks move to cut rates

Just one day after the Commonwealth Bank announced it would cut the interest on some of its fixed rate products, a number of other lenders have decided to jump on the...

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Hotspots • 10 AUG 2011

Gladstone properties selling in 24hrs

Properties are being sold in less than one day and rental vacancy rates are touching zero in areas around the resource-rich Queensland town of Gladstone, local agents...

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Hotspots • 10 AUG 2011

Early offers often the best: Ray White

More than half of sellers who had signed a contract of sale this year had already rejected a higher offer, new data released by Ray White Group has revealed.

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Hotspots • 10 AUG 2011

New home lending in the doldrums

Economic forecasters believe the outlook for residential home building is now “very weak”, after data showed new home lending was down in June.

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Hotspots • 09 AUG 2011

Property investors should act now

Potential property investors should always buy when the market is soft, one economist has claimed.

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