Latest Property Investment News

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Finance • 11 NOV 2010

ANZ hikes rates, slashes fees

ANZ has become the second bank in as many weeks to move out of cycle with the RBA.

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Finance • 11 NOV 2010

ASIC cracks down on mortgage exit fees

The Australian Securities and Investments Commission (ASIC) has released a new set of guidelines on lenders’ mortgage exit fees which should, in theory, reduce the...

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Hotspots • 10 NOV 2010

It’s a buyer’s market: buyers agency

Melbourne house hunters would be well placed to buy property in the next six to 12 weeks, while market conditions still favour the buyers.

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Hotspots • 09 NOV 2010

Exit fee ban might not be the answer

The Commonwealth Bank’s move to raise mortgage rates by 20 basis points more than the Reserve Bank of Australia’s (RBA) hike last week has sparked a major push to...

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Hotspots • 09 NOV 2010

ING DIRECT offers cash to switch

ING DIRECT has thrown down the gauntlet to the major banks, offering borrowers a cash incentive for switching banks.

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Hotspots • 08 NOV 2010

Exit fees on the chopping block

Speculation is mounting that banks will soon remove mortgage exit fees – making it easier for unhappy borrowers to switch loans.

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Finance • 08 NOV 2010

Rate hike hurts buyer confidence

Last week's interest rate rise has scared off home buyers as auction clearance rates plummeted in both Sydney and Melbourne.

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Finance • 08 NOV 2010

Govt to pursue bank on exit fees

The government is expected to outline the formal definition of the word “gouging” this week, which will help prosecute banks that are caught charging unfair exit...

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Finance • 08 NOV 2010

Focus on the issues rather than rate debate: REIA

Real Estate Institute of Australia president David Airey is calling on Treasurer Wayne Swan and Joe Hockey to put their energy towards developing solutions to banking...

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Finance • 05 NOV 2010

Politicians get tough on banks

A volcano of fury and frustration has erupted over the lack of competition in the banking sector, prompting political promises to toughen the regulation of the big...

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