The newly released data also reveals that the percentage of mortgage holders has also decreased since the last census was taken
While this downward trend is mainly due to lower interest rates, borrowers still remain “very sensitive” to future rate changes
Banks have turned to wholesale funding to subsidise the deep cuts made on interest rates for fixed home loans
A leading mortgage insurer has thanked the strength of the housing market over the last 12 months for their strong half yearly result to June 2014.
An increase in the sale of new homes for the June 2014 quarter is promising news for the economy.
A number of non-majors have joined the fixed-rate frenzy, slashing fixed home loan rates to under 5%.
The Property Council of Australia has called for stamp duty to be abolished to encourage labour movement
The Brisbane seaside suburb of Wynnum has been named as one of Australia’s best rental suburbs for capital growth and solid rental yields