Home loans stories
Hejaz Financial Services has launched Halal Money, Australia's first halal financial app, aiming to meet the needs of Muslim investors with over 15,000 downloads.
ANZ Plus partners with Cashrewards to offer seamless cashback services through its app, aiming to enhance financial benefits and customer convenience.
Experian and GBG expand their partnership to offer advanced fraud prevention and identity verification across Australia and New Zealand for faster, safer onboarding.
Paul Duggan has been appointed CEO of Money.com.au, succeeding founder Shaun McGowan, and aims to enhance digital access to financial products in Australia.
Borrowers face a slower economic recovery, with the Reserve Bank signalling room for further OCR cuts as tariff uncertainty clouds mortgage rates.
Mortgage holders may get further relief early next year, but house prices are likely to rise only modestly as listings and unemployment stay high.
Flat house prices are helping first-home buyers as nationwide values slipped 0.5% in July, the fifth monthly fall in a row.
Jio Financial Services launches the 'JioFinance' app beta, aiming to revolutionise digital banking and financial activities for Indian citizens.
Borrowers facing repricing will welcome a stable OCR, with the Reserve Bank now signalling cuts may not come until early 2025.
First-home buyers are returning to lenders as looser loan-to-value rules give them more room to qualify for a mortgage.
First-home buyers could find it easier to secure mortgages as lending limits are raised from 1 June, easing pressure on banks.
Higher mortgage rates and tighter lending rules have left New Zealand’s housing market weaker than expected, with sales at a 12-year low.
Sales rose nearly 8% in November, offering a rare sign of resilience as New Zealand’s median house price fell 12.4% year on year.
Higher borrowing costs are pushing first-home buyers towards brokers as the Reserve Bank lifts the Official Cash Rate to 4.25%.
Sharply higher mortgage rates and refinancing demand are set to deepen New Zealand’s property slowdown, CoreLogic warns.
Demand is still holding up this winter, with first-home buyers helped by easier deposit rules and lending changes despite softer sales.
Tighter lending and higher mortgage costs have pushed first home buyers to a seven-year low, even as government support rules are loosened.
Tighter credit and higher rates are leaving first home buyers more exposed, with some regions now showing early signs of vulnerability.
Mortgage activity has slumped as tighter lending and higher rates cool demand, with CoreLogic warning house prices may fall further.
Record resale profits are still spreading nationwide, with 99.3% of homes sold in Q4 2021 making a gross gain, CoreLogic says.