Mortgage exit fees for new home loans in Australia will be abolished beginning July 1 as part of efforts to overhaul banking law.
Home owners in Queensland ranked as one of the regions with the most number of borrowers in arrears based on a FitchRatings report.
For many couples property and money issues are an important aspect of any relationship. Making sure that you are both on the same page when it comes to property investment will come a long way in preventing complicated disputes in the future.
The National Australia Bank (NAB) today confirmed that its standard variable home loan interest rate would increase by 0.43% pa with a rate of 7.67% pa compared to CBA’s rate of 7.81% and ANZ’s rate of 7.80%.
Two of Australia's major banks, Westpac Banking Corporation and the National Australia Bank (NAB) are seen following its two competitors in implementing higher interest rates after government authorities tighten up on exit fees.
Centro Properties Group (CNP.AU) shares have risen by 3.1 percent as the company announced it is engaging in new negotiations with possible new investors interested to acquire its business and assets.
An online poll conducted by Loan Market showed that many Australians were not even aware that there exists a federal program that provides assistance for first time home buyers.
The relative weakness in the construction industry may soon be abated, thanks to the Reserve Bank of Australia's decision to keep interest rates steady.
