First-home buyers at highest share of market in five years
Continued weakness in housing finance numbers is leading the banks to compete for market share by lowering interest rates for both investors and owner-occupiers, says Malcolm Gunning, president of the REIA.
The value of interest-only loans approved during the September quarter dived 44.8 per cent, and were a record low as a proportion of total new mortgage lending.
If you are planning to help your children buy a property, consider the risk their future partner or a creditor might make a claim on the asset that you have funded.
Goldman Sachs backs Kokoda development in Brisbane
Global investment bank Goldman Sachs has agreed to lend $120 million to Kokoda Property to finance the Chester & Ella development in Newstead, Brisbane.
A UBS survey of 900 people who took out home loans this year, found that only 67 per cent said their application was "completely factual and accurate".
