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Bank Fee Income Reaches $12.7B

This income is brought about by rise in charges on loan reprising, home loans, among others.
Found under: Banks

Bank Lending Criteria Become Stricter

director Martin North, home loans will constitute 60 to 65 % of a big bank's loan book.
Found under: Home Loans > Affordability

Hobart, Affordable for First Home Buyers

mso-hansi-theme-font:minor-latin;} endif--> Home ownership in Hobart based on today’s interest rate and average $250,000 loan will require every first home owner a $50,000 annual pay to be able to afford ...

Credit Unions Gaining Market Share

endif--> One in every ten borrowers are now using a mutual bank for home loan, according to Abacus, the organization representing the Australian mutual sector, which includes the credit unions.

New Laws in Home Loans Put Violators to Jail

if found guilty for not providing consumers with independent guidance in finding the best home loan options, according to the Australian Securities and Investments Commission (ASIC).

NAB Satisfaction Picks Up while Westpac Fall

be brought by a number of factors like basic banking fees reduction and enhanced home loan pricing.

GenY Halts Plans of Home Ownership

"Given that some lenders are tightening home loan criteria, it’s no surprise that prospective first time buyers will need to make a concerted effort to save for a deposit," Naylor said.

Home Owners Worry on Rate Hike

is the escalating price of houses which consequently pushes up the amount of an average loan.

NAB Profits Fall Due to Fee Cuts

"They represent an investment to create a sustainable business and improve customer relationships and satisfaction and the broader reputation of the NAB," Clyde noted in the financial report.

Credit Cards Debts Surpass Mortgage Repayments

have exceeded mortgage debts for the June quarter, reports the Melbourne Institute's Household Saving and Investment.
Found under: Industry

Focus on Homeloan Weakens Economic Growth

NAB denies the reports that the discounted standard variable rate is funded by higher business loan rates while it seeks to boost mortgage market share.

Australian Borrowers Face Greater Risks

This April, total Australian mortgage debt for owner-occupied housing totals $774 billion, while debt for investment purchases reaches $330 billion, according to the Reserve Bank.
Found under: Industry

Demand for home loans Plunges

line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} endif--> Home loan demands have declined for six consecutive months, from October last year to March, due to ...

Increased Super Benefits and Tax Breaks on the Verge

It will be available regardless if one owns the investment directly or through a managed fund.