by Mariecar Flores | Mar 31, 2020 | Home Loans
Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth. Total household wealth increased to a record high in the three months to December 2019, rising by 3.1 per cent to $11.3 billion,...
by Mariecar Flores | Mar 26, 2020 | Home Loans
Loan relief being offered by lenders to those impacted by coronavirus would unlikely impact a borrower’s credit score, according to several lenders and credit reporting agencies. Given the ongoing coronavirus pandemic, the Australian Banking Association (ABA)...
by Mariecar Flores | Mar 24, 2020 | Home Loans
Australia’s lenders will enable small-business customers to defer their loan repayments for six months in response to the economic fallout from the coronavirus outbreak. Following consultation with regulators, the Australian Banking Association (ABA) has announced a...
by Mariecar Flores | Mar 19, 2020 | Home Loans
The ABS has reported a sharp pick-up in mortgage volumes in January, however, the positive result has been overshadowed by “uncertainty” in the outlook, according to ANZ Research. The Australian Bureau of Statistics (ABS) has released its latest Lending Indicators...
by Mariecar Flores | Mar 19, 2020 | Home Loans
At its emergency meeting today the Reserve Bank (RBA) announced a cash rate cut of 0.25%, bringing the cash rate to 0.25% the lowest in Australian history! This cut was made in response to the global coronavirus (COVID-19) crisis, which has been declared a pandemic by...