Bank non-performing loan ratios rising: RBA
The RBA released its September Financial Stability Review today, showing that the GFC was continuing to impact on the local mortgage business.
Gen Y keen to dive into property market - just not right now
A report released today showed that although there is a significant level of interest in property investment from Australians under 30, most are waiting for the new year before buying.
Investors step in to fill the first homebuyer gap
The number mortgages for owner occupied homes fell for the first time in 10 months in July, dropping by 2%, but the total value of investment housing commitments (trend) rose 1.0% compared with June 2009 according to the Australian Bureau of Statistics (ABS).
Home sales volume surges across Australia
The number of properties sold all over Australia jumped by a hefty 32% for the 12 months ending June, thanks to strong activity from first homebuyers and investors according to rpdata.com.