News

There are just 3,170 deferred mortgages remaining with Australia’s largest lenders. Banks say the worst is now over.

The Australian economy appears to have undergone an “impressive recovery” after hundreds of thousands of loan deferrals were finalised. New figures released by the Australian Banking Association (ABA) shows less than 5,000 loan deferrals remain outstanding across Australian businesses and households. With the figures timestamped to before the end of […]
There are just 3,170 deferred mortgages remaining with Australia’s largest lenders. Banks say the worst is now over.
Markets

Australians will be asked to give up private schools and Netflix by their bank if they really want a house, under new responsible lending guidelines

Banks look set to take a longer look at loan applications to determine what borrowers can and can’t afford if they change their spending habits. The Australian Securities and Investments Commission (ASIC) released new guidelines on Monday, suggesting spending on private education and streaming services like Netflix be slashed in […]
Australians will be asked to give up private schools and Netflix by their bank if they really want a house, under new responsible lending guidelines
Markets

Thinking about borrowing from mum and dad? Read this first

Record low interest rates, high auction clearance rates and the launch of the Coalition’s new First Home Loan Deposit Scheme have catapulted First Time Buyers (FTBs) back into the spotlight. With rates as low as 2.68 per cent, and APRA’s recent changes to serviceability assessments increasing Australians’ borrowing power, many […]
Thinking about borrowing from mum and dad? Read this first
Markets

The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years

Mortgage-backed securities hit a three-month winning streak after outperforming US Treasuries through November,Bloomberg reported Monday. The surge was primarily driven by lower refinance rates and a drop in volatility for mortgage-backed assets. When more borrowers refinance loans with lower interest rates, the securities lose their appeal against Treasury bonds. The […]
The housing-backed investment vehicles that fuelled the financial crisis are enjoying their best stretch in years