tag:blogger.com,1999:blog-290763362012-01-24T08:08:50.957+10:00Mr Mortgage Home Loans provides mortgage finance information on home loans, mortgage refinancing and debt consolidation for homeowners, home buyers and investors. Whether you want to finance a new home or refinance an existing loans, Mr Mortgage is a great place to start your search for mortgage home loan finance.Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comBlogger1071100tag:blogger.com,1999:blog-29076336.post-64652658672669257192012-01-24T08:06:00.001+10:002012-01-24T08:08:50.967+10:00

Australia's mortgage interest rates are set to fall in February, with many experts predicting that further rate cuts may be expected later in the year. Mortgage Rates are too high and have to come down. I have been saying that Mortgage rates are too high ever since the RBA raised its official cash rate in November 2010. But then again I have also been saying that land prices are way too high,

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-83758288524206995892012-01-23T09:47:00.001+10:002012-01-23T09:48:20.040+10:00

Mega Japanese Banks are preparing to launch a surprise attack on the mortgage profit margins of Australia's big four banks. Why this sneaky raid will succeedThe big four banks, CBA, NAB, Westpac and ANZ are the envy of the banking world. Meanwhile Japanese banks have been in operating successfully in a recession economy for twenty years. In fact the interest rates they operate on are puny

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-15166206635761085532011-12-21T08:00:00.002+10:002011-12-21T08:03:36.403+10:00

As housing values thaw across Australia, so does the dreams of a nest egg built on a housing bubble. Australian real estate has avoided the mass loss of property values seen in the US and the UK, partly because Australia's economy was sheltered from the problems of the US lead GFC. Better banking regulations and less credit to sub prime lenders saved AustraliaIn Australia we did not see the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-11494768429996128702011-12-19T09:38:00.000+10:002011-12-19T09:38:12.378+10:00

Australian Mortgages in 2011 from the rear view mirrorThe fact that Australian mortgage delinquencies have declined in the third quarter in Australia points to the fact that the worst of mortgage stress may be over. The return of the saver, and the virtue of savingThis year has seen more Australian households reining in their expenditures, and the biggest fatality of all this is the credit card.

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-24399470511766592382011-10-03T14:36:00.000+10:002011-10-03T14:36:26.290+10:00

Home builders and land developers are desperate for your home business, as shown by the recent boost to FHOG so you can count on discounts from both of these players to make buying and building a new home more attractive. Home sales throughout Australia are down and home builders, real estate agents and land developers are all feeling the pinch.Concerned State Governments are adding to the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-56079098344514134062011-06-29T12:59:00.002+10:002011-06-29T13:12:49.201+10:00

Mortgage stress and loan repayment arrears are becoming a growing reality for Australian Homeowners in New South Wales, Victoria & Queensland.A growing number of mortgaged homeowners are feeling the pinch and mortgage payment arrears are rising to 2 percent in some areas of Australia. Whilst this is still tiny compared to what has happened in the US, it should be a red flag to the RBA when

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-70568739267638201992011-06-14T10:26:00.000+10:002011-06-14T10:26:08.563+10:00

Is increasing land supply the real key to bring down house prices?Australia's housing market is a key driver of the domestic Australian economy. This article attempts to shed light on the true cause of our high home prices and that over priced land is the the real cause of our our over priced homes.The case for massive land development for new home constructionNew homes not only provide work

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-89796035190193240972011-03-30T10:48:00.005+10:002011-03-30T11:06:37.998+10:00

GE Money pimps its Australian mortgage loan book of $5 billion, as the US General Electric parent seeks to get back to its knitting [manufacturing].This suggests to me that GE know what's coming down the pike for the future of the mortgage business worldwide, and their crystal gazers are seeing trouble ahead. But Australia's big banks will be taking that into their strideCommonwealth Bank [CBA]

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-54764362149743860412011-03-29T15:23:00.001+10:002011-03-29T15:25:30.300+10:00

NAB and CBA have a go at switching lenders competitionHome owners and home buyers seem unmoved by the NAB and CBA bank offers to pay lenders to switch from their lending competitors to their home loans. The Big Bank Rate War rolls onAustralia's banks have had a tongue lashing from all sides of politics over the past few months, and that gave NAB an idea. Playing "good bank, bad bank", and saying

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-52408008083262141112011-03-18T15:27:00.000+10:002011-03-18T15:27:43.355+10:00

When shopping the home loan market you can take one of two approaches: Research and apply directly to your chosen mortgage lender, or  Engage a Mortgage Broker to do the legwork and the paperwork for you. A lot of people ask me which is better, sourcing a home loan yourself or using a broker, Some say that if you are happy with your bank as a mortgage lender there is no reason why a direct loan

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-6033155053335649662011-03-07T17:18:00.002+10:002011-03-07T17:43:43.638+10:00

Bank Mortgage Wars: Big four slug it out NAB fired the first shot with the "break up" letter. The National Australia Bank [NAB] has the least to lose and the most to gain in the home loan sector, so this made a lot of sense for them. NAB has the smallest home loan portfolio, and the CBA and Westpac home loan customers looked ripe for the plunder. Have a go yer mug! Westpac and CBA want to

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-18281600733225464132010-11-18T11:56:00.000+10:002010-11-18T11:56:38.503+10:00

A lot of people are suffering from mortgage stress right now, and they need answers right now. They can't afford to wait for the Government to create competition in the mortgage industry, they need to refinance now, or risk losing their home to the greedy banks. And that poses a couple of questions about credit impairment If you have bad credit now, and you can't meet your mortgage repayments,

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-84689426087316917182010-10-12T16:52:00.000+10:002010-10-12T16:52:13.398+10:00

As many as 40 US state attorneys general are expected to join forces to announce an investigation into the mortgage-servicing industry on fraudulent foreclosures to pressure financial institutions to rewrite large numbers of troubled loans. Mortgage document fraud by "robo-signing" The move comes amid recent allegations that mortgage-servicers, which include units of major banks such as Bank of

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-74509547639775907022010-10-02T06:48:00.004+10:002010-10-02T07:02:26.808+10:00

CBA, Westpac, NAB and ANZ are tipped to raise mortgage rates over any RBA rate rises to fatten record profits.Homeowners and home buyers are being warned to brace for their favourite bank to lift their mortgage interest rates by more than any rate rise from the RBA. So if the Reserve Bank of Australia sees a rate rise as important, then expect a double whammy from the bank you have your mortgage

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-33254311216286229182010-09-15T08:06:00.000+10:002010-09-15T08:06:14.989+10:00

New York State's mortgage agency interest rates are the lowest in its 40-year history for 30 year fixed rate mortgages, thanks to US treasury bond initiativeWhilst the national average rate on a 30-year fixed rate mortgage stopped hitting record lows the first week in September, the NYS mortgage agency betters them. 30 year fixed rate mortgages from 4%pa for owner occupied homes The State of New

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-39587105017007016682010-04-22T15:08:00.000+10:002010-04-22T15:08:02.510+10:00

Home mortgage rates could soon be 8%pa if the RBA believes the economy is stable and banks don't get sorted by legislation and greater competition. With Australia missing the Global Financial Crisis boat and the economy powering ahead first home buyers and home owners could soon face mortgage home loan rates around the 8%. This scenario will depend on a number of factors including: Mortgage home

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-61708661538212543442009-11-16T12:09:00.000+10:002009-11-16T12:09:28.881+10:00

British rate cut awaits London investors next week Market watch top headlinesAustralian reportsAust markets: Australian share market closes higherAust dollar report: Aussie dollar closes at eight-week lowAust credit close: Aussie bonds closes mixedWorld reportsWorld commodities: Oil prices mixed, gold higherWorld markets: US stocks fall sharplyStocks to watchERA, AXA, COF, OZL, ORI, HVN, TAH, REU

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-69918443098136193032009-10-17T13:33:00.005+10:002009-10-17T14:14:30.623+10:00

While American homeowners families lose their homes to foreclosures at a rate of 10,000 homes a day, the Australian Government has negotiated with the big four Australian banks for struggling homeowners to allow up to 12 months forbearance on home loans, with the interest to capitalise on the loans,and the waiving of penalty rates.Agreement by the banks to these requests from Treasurer Wayne Swan

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-87746622875659355782009-10-14T06:35:00.003+10:002009-10-14T06:46:56.703+10:00

Mortgage rates may rise above any official cash rate increase, according to many banks. The Government does like it, customers don't like, but the banks don't care. They have us "by the short and curly's."You may have read the recent report by Choice that the big banks in Australia are on the nose with their customers.People like the fact that we have a stable banking and financial system, and

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-12005476927156205182009-10-09T16:30:00.002+10:002009-10-09T17:50:50.864+10:00

Was it their turn to go first? No one is saying, but the ANZ lead the other three major banks in increasing their variable mortgage home loan rates by a quarter of a percent after the Reserve Bank raised the cash rate by a similar amount. ANZ was the first of the major banks to move in late morning, the National Australia Bank following by mid afternoon, and the Commonwealth Bank and Westpac

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-57371662535756180232009-09-29T15:53:00.004+10:002009-09-29T16:52:32.102+10:00

Is the Australian Dream Fading away? Many believe that without a US style housing market collapse it will soon become a distant memory.Some are saying that the Australian dream of home ownership is slipping away, leaving a threat of a US-style collapse in house prices, according to a team of university researchers from South Australia's Flinders University.They have discovered that home ownership

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-4506946443042809392009-07-24T15:39:00.005+10:002009-07-24T15:53:19.843+10:00

As Australia’s major banks are putting the squeeze on mortgage brokers to extract more deals out them, we need to ask the question “Do mortgage brokers work for the benefit of their client or the Banks? You may not like the answer.Mortgage brokers can’t get you a loan for a lender that they are not accredited for. And right now Westpac and the Commonwealth Banks are starting to make brokers jump

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-11356852932737984302009-07-08T16:55:00.006+10:002009-07-08T17:20:06.253+10:00

In Australian Rules Football a team down on it's confidence can be sparked into life by a daring feat followed by an unlikely goal. Well it looks like first home buyers have been given the confidence to act in the shape of the extended First Home Owners Grant, and they in turn have passed the ball to other players in the Australian economy.In the face of a global recession, and flat real estate

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-60963961885081547702009-07-04T14:18:00.000+10:002009-07-04T15:01:33.330+10:00

Be in no doubt. Australia’s big four Banks will tough out any criticism from the Prime Minister and Treasurer down to keep their profits at record highs, financial crisis or no financial crisis.The case in point is that mortgagor homeowners are suffering more than they should because in the last eight months, the Reserve Bank has cut official interest rates by 425 basis points and our banks have

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-53852697340658473802009-06-02T15:20:00.000+10:002009-06-02T15:26:20.049+10:00

What happened to the Recession and Swine Flu?Banks and other mortgage lenders, first home buyers and retailers and all rejoicing as Australia appears to have escaped the recession that has swept the World and the dreaded Swine Flu in a single bound!Swine Flu reported numbers are falling and without a single fatality, and the Reserve Bank of Australia deciding to leave interest rates unchanged at

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-2964819005368131432009-05-21T16:51:00.000+10:002009-05-21T16:56:47.363+10:00

Hopeful first-time home buyers think it is a good time to buy their first property despite prices falling 1.7pc in April. Around 57pc of people hoping to get on to the property ladder said they thought house prices would either stay the same or increase during the coming 12 months, while 69pc thought now was a good time to buy, even though the facts say otherwise.One in five first-time buyers

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-18428018705494361042009-04-30T18:01:00.000+10:002009-04-30T18:45:53.261+10:00

The oldest scam in the book is to "let people in on a secret to get rich".If you knew a secret that did this you would be too busy using the knowledge and counting the money to tell anyone. Unless your secret to wealth is to in fact make money from people that you dupe into believing that you are in fact a nice person and want to help. To do this you need a prop. Something that gives you the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-57598766152666759202009-04-16T14:13:00.000+10:002009-04-16T14:41:17.404+10:00

For over 100,000 Australian's the dream of homeownership could turn sour as sources expect that 30,000 homes will be repossessed or mortgages foreclosed on as almost half a million Australians are plunged into severe mortgage stress by the end of the year.Are you suffering Mortgage Stress?And around a third of the expected repossessions will be first time home buyers who bought in the last 12

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-74656976308185129732009-02-08T18:29:00.000+10:002009-02-08T19:54:57.384+10:00

Commonwealth Bank of Australia Ltd first-half profit figures were better than expected, taking much of the suspense out of its results announcement this week.Nevertheless, investors and analysts will be looking closely at the report on February 11 to see how much bad debts have increased because of the economic slowdown.Mortgage lenders and home buyers want to know whether loan margins have

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-6899354365272137872009-02-07T15:36:00.000+10:002009-02-07T15:47:08.733+10:00

The Reserve Bank of Australia has flagged the likely end of big interest rate cuts, with some economists betting it may hold back on further reductions for several months.And financial markets scaled back expectations today on the depth of future interest rate cuts after the RBA released its quarterly statement on monetary policy.A Credit Suisse report said financial markets now priced a total of

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-4052377704506936562009-02-04T07:02:00.000+10:002009-02-04T07:10:07.433+10:00

Business finance is shrinking which is a big concern to the RBA.Figures collated by the Reserve Bank of Australia show the amount of credit outstanding to businesses and consumers fell 0.3per cent in December to just over $1.9trillion - the first monthly fall since 1992 - slowing what was expected to be a steady rise to $2trillion. Outstanding debt has roughly doubled in the past six

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-44506661612097134312009-02-02T19:06:00.000+10:002009-02-02T19:13:52.814+10:00

Microcredit programs are quite often targeted at poor women.They talk of enterprise rather than charity; of helping the world's poorest trade their way out of poverty.And for the microcredit movement, 2008 has marked an important milestone.More than 106 million of the world's poorest received small loans to kick start their entrepreneurial dreams last year.The basic concept behind microcredit is

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-63864074734388219182009-01-23T13:11:00.000+10:002009-01-23T13:44:30.274+10:00

Simonds Homes Queensland closed its doors this week and I say good riddance to them. If I could I would kick them all the way back to Victoria. They are not nice people to deal with in my opinion.If I were buying a home anywhere in Victoria, Simonds Homes would be the last people I would contact.As a past employee of Simonds Homes in 2008, I could see the writing on the wall.Over priced homes

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-89473050758584523092009-01-23T07:00:00.000+10:002009-01-23T07:28:27.543+10:00

Crippled US banks need to sell their best assets as they relieve the strain of the credit crisis that they themselves created and on sold to many other banks.Sell off and Sell off EarlyThe lesson to be learnt from this credit crisis has been to sell off assets and sell them early.However, it appears that US bankers are setting out to make the same mistakes of the past 2 years again."How low can

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-19080895161990229692008-12-15T22:11:00.000+10:002008-12-15T22:20:53.513+10:00

Big banks don't like personal loans, they are small and you can't make a lot of money and there is no security offered. So it's good to have a customer-friendly alternative for those car loans and other unsecured loans.As the banks losses in other areas start to sink in, banks and other financial institutions have become increasingly reluctant to provide certain types of loans, pulling back on

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1458456414700833142008-12-08T17:53:00.000+10:002008-12-13T07:53:45.297+10:00

As predicted by Mr Mortgage for the past ten years, those who fix their mortgage rates will lose money.The people that mortgage rate reductions are hurting most are the one's who recently took other so called experts advice and fixed their home loan mortgage rate, at what has turned out to be, the then highest rate its been this century, whilst watching rates fall to the lowest rates, maybe ever!

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-84808674343858270822008-11-26T14:02:00.000+10:002008-11-26T14:07:37.098+10:00

Recovery in house prices in the UK will be a long way off.This past year will go down in the UK as the one in which the housing market raced from boom to bust.In the autumn of 2007 prices began to fall each month as the international banking crisis took hold.With the mortgage supply drying up, house sales have now slumped by more than half, first-time buyers have increasingly been driven from

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-50549155478876361352008-11-24T08:32:00.000+10:002008-11-24T08:39:30.037+10:00

The Reserve Bank of Australia's board will be cutting mortgage interest rates deep again for XmasGovernor Glenn Stevens said board should consider up to a 75 basis point to a 1.0 percent rate reduction.The board decided to cut rates by 75 basis points, taking official rates to 5.25 per cent, in light of the continuing poor conditions in financial markets, the significant deterioration in the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-59612086054501208332008-11-13T08:03:00.000+10:002008-11-13T09:24:37.015+10:00

Those of us who have lived through two, now three first home buyers incentive schemes know two things that most people don't. The first is that putting money into first home buyers pockets is like spraying petrol into a car engine. When the fire is burning you will get a massive acceleration, more maybe than the energy you put in. When you do the same to a sluggish or dead engine, you will flood

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-28448168786925545412008-11-07T10:40:00.000+10:002008-11-07T10:56:42.339+10:00

Rick Adlam has uploaded his personal web page so that friends and past acquainences can find hime easily.If you want to findout more about rick adlam but were afraid to ask, please visit http://rickadlam.mrmortgage.com.au/ now.There are a lot of Rick Adlam's in the world and I just wanted to get to no 1 in Google, Says Rick Adlam.

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-85926929631799949472008-10-13T06:09:00.000+10:002008-10-13T06:24:08.593+10:00

Australia's Prime Minister Kevin Rudd has announced three measures to help to build confidence in the Australian Finance market.Firstly he says that the Government will guarantee all deposits, regardless of ammount, in all Australian banks, building societies, credit unions and in the Australian subsidiaries of foreign banks. This move will prevent any run on bank funds from nervous deposit

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-79732977464728186512008-10-11T15:23:00.000+10:002008-10-11T15:34:24.124+10:00

The housing market in Australia continues to slow and the 1% cash rate cut, which has effectively given a 0.8% mortgage interest rate reduction has helped homeowners, but is not expected to assist new home sales till the financial turmoil has subsided.The Housing Industry Association (HIA) survey found new home sales fell 1.3 per cent in August, following a 7.2 per cent decline the previous month

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-22379195420850091682008-10-08T07:02:00.000+10:002008-10-08T07:28:07.673+10:00

The US finance sector may well have creatored [John McCain's words, not Mr Mortgage's], but that hasn't stopped Investment Guru and billionaire investor Warren Buffett raked over the smoldering ruins and buying in big into Goldman Sachs, nor a $US15 billion ($19.3 billion) takeover of struggling mortgage lending specialist Wachovia by Wells Fargo Bank [with Warren Buffett in the background]. Not

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-66631980174716211952008-10-07T06:42:00.000+10:002008-10-07T07:04:55.259+10:00

Australian banks have suffered little over the recent Wall street financial crisis and are enjoying record profits. So according to Mr Mortgage any Bank in Australia has no excuse for increasing their margins as the Reserve Bank of Australia reduces the official rates as it is expected to do over the next few months.The fact is that mortgage profit margins have been reduced by over 2% since 1997

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-8497691616178116292007-11-11T06:50:00.000+10:002007-11-11T06:55:46.058+10:00

Australians have indulged in a long running love affair with variable rate home mortgage loans, but as times get tougher is it time to fix or split?The Reserve Bank has just raised the official cash rate by 25 basis points to 6.75 per cent - meaning the standard variable home mortgage loan rate is likely to rise to 8.57 per cent.Fixing home loan rates can provide certainty about repayments and

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-58806204924259894962007-10-28T08:27:00.000+10:002007-10-28T08:31:08.891+10:00

A mortgage interest rate rise may be the only way to slow Melbourne's rapidly increasing house prices, says the Real Estate Institute of Victoria (REIV).REIV chief executive officer Enzo Raimondo said Saturday that Melbourne's median house price increased by 3.9 per cent in the September quarter to $431,000."Over the past year the median house price in Melbourne has increased by 13.1 per cent or

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-41822765323954968972007-10-28T08:10:00.000+10:002007-10-28T08:14:02.084+10:00

Canberra 2600 Canberra is the most heated of Australia's property markets according to new data released today, as the Labor Opposition firms as the winner of the Federal Election.Australian Property Monitors (APM) says the annual growth figures for houses is 17.7 per cent to an average of just over $485,000.Over the same period, units have risen by 9.7 per cent to nearly $340,000.APM's general

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-10101868541336925252007-10-23T06:40:00.000+10:002007-10-23T06:42:33.795+10:00

A housing downturn would hurt the US economy for some time, the US treasury secretary said overnight as he called for assistance to struggling homeowners and new mortgage regulations.Henry Paulson said he believed further declines in home construction lay ahead, but the US economy remained healthy and would manage to grow."But let me be clear, despite strong economic fundamentals, the housing

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-88772379542411073872007-10-18T18:06:00.000+10:002007-10-18T18:10:10.540+10:00

Relentless rises in mortgage interest rates and sky high house prices around Australia have pushed housing affordability to its lowest level on record.The Commonwealth Bank of Australia - Housing Industry Association (HIA) Quarterly Review of Housing Affordability for the September quarter showed the index falling 2.1 per cent to be 8.3 per cent lower than in the corresponding period in 2006.The

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-87891163390581990712007-10-10T17:25:00.000+10:002007-10-10T17:29:39.178+10:00

As money pours into the real-estate market, house prices are expected to keep on rising despite the relentless rise of mortgage interest rates.A survey by News and polling firm Coredata has found most Australians, or 54 per cent per cent, believe property prices will rise over the next three months.Just one in six of the 1530 people surveyed in September – or 16 per cent –thought house prices

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-12300677861454476702007-10-08T21:59:00.000+10:002007-10-08T22:02:30.197+10:00

Australian Mortgage lender RAMS has been badly affected by the US credit market crisis. (AFP Photo: Greg Wood)Troubled mortgage lender RAMS says it had no other choice but to pass on another rate rise to its home loan customers.RAMS has been badly affected by the credit market crisis which placed its funding from US capital markets in jeopardy.Company chief executive officer Greg Kolivos says the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-84184599907695991782007-08-26T21:34:00.000+10:002007-08-26T21:36:55.207+10:00

Aussie Home Loans boss John Symond said yesterday he had presented Prime Minister John Howard with a solution to the problem because years of political buck passing had led to inaction at all levels of government.Mr Symond's plan would give first-home buyers a tax deduction of up to $4725 a year for five years on annual home loan interest repayments of $15,000. That equates to a $400 monthly

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-77494879086879861662007-08-12T17:47:00.000+10:002007-08-12T17:52:49.020+10:00

The Reserve Bank of Australia this week put the cash rate up 0.25 per cent to 6.5 per cent.As mortgage interest rates jump to 6.5pc the Federal Government has tried to cover its political difficulty over today's interest rate rise by accusing Kevin Rudd of being a Liberal.As soon as the Reserve Bank of Australia (RBA) announced the fifth interest rate rise since the last election the Opposition

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-18799089006831776822007-08-07T08:01:00.000+10:002007-08-07T08:04:30.558+10:00

Queensland residential real estate developers say there has been a substantial slide in housing affordability across the state in recent years.The Urban Development Institute of Australia has today released a new national affordability report.It charts the change in affordability of 70 centres in Australia between 2001 and 2006.Institute state president Brian Stewart says the change in Queensland

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-12652732830737488902007-08-03T17:30:00.000+10:002007-08-03T17:35:00.437+10:00

House rents have risen at their highest rate in 18 years because investors have sold property assets to boost their superannuation, housing economists say.And an interest rate rise next week would make buying a home even harder for those hit already with higher rent.University of Sydney economics faculty academic and housing specialist Judy Yates said Treasurer Peter Costello's super laws

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-64057523274052316002007-08-02T07:44:00.001+10:002007-08-02T07:49:47.079+10:00

With housing affordability and mortgage rates now an election issue — and with house prices falling in Sydney's battler electorates and a Labor poll showing high rents are eating into people's incomes in marginal seats — experts warn the problem will get worse. They also say it might be permanent.They warn that it will create an eastern seaboard pocketed with ghettos that will lock the have-nots

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-27778335970076292192007-08-02T07:44:00.000+10:002007-08-02T07:48:55.656+10:00

With housing affordability and mortgage rates now an election issue — and with house prices falling in Sydney's battler electorates and a Labor poll showing high rents are eating into people's incomes in marginal seats — experts warn the problem will get worse. They also say it might be permanent.They warn that it will create an eastern seaboard pocketed with ghettos that will lock the have-nots

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-31480717669619606282007-07-30T21:03:00.000+10:002007-07-30T21:10:05.294+10:00

Melbourne now has seventeen one million-dollar suburbs, more than double the number at the start of the year.The booming housing market means the likes of Balwyn and Surrey Hills are joining the property elite of Toorak and Brighton as having median price tags of more than $1 million.Real Estate Institute of Victoria figures show that sales in the three months to the end of June produced nine

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-76658483626673464952007-07-29T21:08:00.000+10:002007-07-29T21:13:43.163+10:00

Housing affordability will get worse before it gets any better, with mortgage interest rates more likely to rise over the next year or so, the federal opposition's housing summit was told today.Financial markets are already betting the Reserve Bank of Australia will need to raise interest rates next month to kerb renewed signs of price pressures.Any rise will compound already stretched household

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-13307620933358866062007-07-29T16:15:00.000+10:002007-07-29T17:53:43.832+10:00

The Northern Territory Chamber of Commerce says rising house prices are contributing to Darwin's high inflation rate.The latest consumer price index (CPI) shows Darwin's inflation rate this year is 3.7 per cent, 2 per cent more than Sydney and Adelaide.Chamber of Commerce spokesman Chris Young says a shortage of available land for development is not helping."We're asking the Government to

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-74272395437003430522007-07-26T21:49:00.000+10:002007-07-26T21:54:38.329+10:00

A South Australian mortgage business has been placed in voluntary administration.John West and Associates, based at Campbelltown in Adelaide, has debts of more than $9.5 million.More than 50 investors are affected.Administrator Austin Taylor, from Meertens Chartered Accountants, says the collapse is the latest in a series of high-profile property-related mortgage scheme failures, which have

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-85285832076551632182007-07-26T16:33:00.000+10:002007-07-26T16:41:47.803+10:00

Melbourne and Canberra were the hot property standout performers in a mixed bag of capital city housing price increase results for the June quarter while home unit and apartment prices are improving nationwide.Melbourne house prices jumped 6.5 per cent to a median of $398,217, the strongest growth in six years, according to researcher Australian Property Monitors.But it was a different story in

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-579094186356769932007-07-25T20:09:00.000+10:002007-07-25T20:22:17.713+10:00

With the RBA delivering 6 rate increases, it has to take part of the blame for the current housing shortage, especially rental property, which became unattractive with the cost of financing due to these mortgage rate increases on top of GST costs. As a result Australian's that have missed the prosperity boom are facing the prospect of homelessness, says the St Vincent de Paul Society.A report by

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-66042129600843269712007-07-24T16:33:00.000+10:002007-07-24T16:37:01.510+10:00

Brisbane rental market is reaching crisis point, with new figures revealing fewer vacancies and rent rises of more than $100 per week.Rents across the city have jumped 50 per cent in five years and reports of prospective tenants bidding for their rental properties have increased.The Residential Tenancy Authority figures revealed inner-city and Fortitude Valley area rents spiked 38 per cent from

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-39472698886223642142007-07-23T20:42:00.000+10:002007-07-23T21:03:47.967+10:00

Home mortgage interest rates are at a six-year high and could rise even more. Home buyers and homeowners need to consider these steps to reduce home loan interest rate costs.Step 1: Check other offers.You can negotiate or renogotiate with bank and non bank lenders and some mortgage brokers and mortgage lenders as the big banks are undercutting each other on interest rates to win your business.So

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-79192581107902828762007-07-19T20:29:00.000+10:002007-07-19T20:39:42.024+10:00

Lumping all your debts into one may not be the best way out of trouble [but it may be the onle way as well].People are putting their homes at risk over relatively minor debts such as credit card balances because they don't fully appreciate the difference between secured and unsecured debt."People are taking small, unsecured debts and refinancing them onto their mortgage, which is secured debt,"

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-70145646070060644702007-07-17T17:41:00.000+10:002007-07-17T17:48:25.986+10:00

Australian Labor Party will consider giving tax breaks or even cash to property investors who invest in cheaper rental housing to create more housing stock and thus ease Australia's housing crisis.Labor's housing spokeswoman Tanya Plibersek said that while Labor will not tamper with negative gearing, its flaw is that it delivers only expensive rental properties as owners seek to maximise tax

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-65688315908846427512007-07-15T17:50:00.000+10:002007-07-15T18:00:13.053+10:00

Australia's Labor Party has promised to work with state and local government to cut red tape for home buyers, reducing delays in the real estate development application process, if it wins the upcoming federal election.Australia's hopeful "Government in waiting" says industry bodies like the NSW Urban Taskforce has found that delays cost up to $4 billion a year alone in the state, and in some

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-30352611523359533202007-07-14T15:23:00.000+10:002007-07-14T15:29:59.848+10:00

home prices and location and convenience are forcing Australians to redefine the dream.One of the hardiest perennials in the political garden is the "home affordability crisis". As is often the case in an election year, a lot of fertiliser is being spread about at the moment on the issue. While some of the policy ideas have merit, our politicians are too often focusing on the wrong parts of the

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-43743926868494366662007-07-09T18:35:00.000+10:002007-07-09T18:41:01.852+10:00

Almost three quarters of Australians say they are unhappy with their home loan and don't fully understand the paperwork, an online survey says.And even though they could save as much as $60,000 on an average-size mortgage by shopping around for a better deal, most don't - either through apathy or a lack of understanding.Mortgage lender Myrate.com.au found 77 per cent of the 1100 people it

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-6898803094881904642007-07-07T20:25:00.000+10:002007-07-07T20:29:36.209+10:00

Australia's richest federal electorates, in Sydney and Brisbane, have been leading the mortgage binge, dousing fears that the majority of households are facing a debt crunch.Wealthy families are borrowing against their bricks and mortar to buy investment properties, and to fund holidays or their children's education. This group, not the battlers, explains much of the drop in home ownership over

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-84303000546631893652007-06-05T19:33:00.000+10:002007-06-05T19:34:53.611+10:00

The Master Builders Association says there is room for cautious optimism that the long period of housing weakness in Australia may be coming to an end.Australian Bureau of Statistics figures show building approvals have risen 8.1 per cent in April to a seasonally-adjusted 12,858, with private-sector free-standing housing approvals up 3.3 per cent.The association's chief economist, Peter Jones,

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-47029905958312121062007-05-31T15:10:00.000+10:002007-05-31T15:14:34.171+10:00

The Westpoint, Fincorp and now ACR could see thousands of small investors lose up to $1 billion, with many retirees sucked in by TV advertising.Collapsed property group Australian Capital Reserve targeted retirees in a string of advertisements offering returns of up to 9 per cent -- much less than a professional investor would require for the same risk. ACR advertised heavily on TV in the "

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-53407086154824262872007-05-22T09:36:00.000+10:002007-05-22T09:41:31.320+10:00

Owner occupier home lending hit $14.52bn in March Investor finance dropped 5% to $6.29bn Property prices aren't booming yet. The housing sector is showing early signs of recovery with four consecutive months of housing approval loan growth but analysts say it is not the start of another property boom.But investors remain reluctant to spend because the stock market is offering superior

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-88384862349017234932007-05-14T08:30:00.000+10:002007-05-14T08:33:31.007+10:00

The Howard Government's Budget cash splurge had failed to address key issues facing low income earners such as housing affordability, advocacy groups claimed yesterday.With new figures released yesterday showing the Australian house price index rose 1.1 per cent in the March quarter, the Australian Council of Social Services said the Federal Government's priorities were wrong.ACOSS executive

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-6166446195551116492007-05-05T12:17:00.001+10:002007-05-05T12:26:24.938+10:00

Mortgage Lenders must improve procedures for dealing with customers in financial trouble in repaying their home loans.Mortgage borrowers who fall behind with their home loan repayments should be able to go to their lender and nut out a plan to help overcome the crisis without pushing the borrower into foreclosure.But the reality is few people would know their lender has such a facility, so poor

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-44895845771391761962007-05-05T12:17:00.000+10:002007-05-05T12:23:45.545+10:00

Mortgage Lenders must improve procedures for dealing with customers in financial trouble in repaying their home loans.Mortgage borrowers who fall behind with their home loan repayments should be able to go to their lender and nut out a plan to help overcome the crisis without pushing the borrower into foreclosure.But the reality is few people would know their lender has such a facility, so poor

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-72026360010145916212007-04-28T15:55:00.000+10:002007-04-28T15:58:15.584+10:00

Low inflation rate should keep mortgage interest rates on hold and is good news for for homeowners and first time home buyersAustralia's inflation rate rose just 0.1 per cent in the March 2007 quarter, or 2.4 per cent over the year, well below expectations, and taking pressure off home loan interest rates.The number is good for Australian households as it eases pressure on the Reserve Bank to

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-40356551116402216672007-04-26T07:57:00.000+10:002007-04-26T08:10:08.750+10:00

A lot of people sak me "So, if you don't charge me for your services, how can you run a business?"This article goes some way in answering this question, from the beginning.A mortgage broker offers loans from a panel of financial institutions, including banks and non-banks. In Australia now, there are literally hundreds of lenders with many, many more options than was traditionally available in

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-69869093439828668512007-04-21T20:31:00.000+10:002007-04-21T20:34:18.835+10:00

Seniors borrowed $560 million in reverse mortgages in 2006Older Australians took out $560 million in reverse mortgages in 2006 - a lift of 80 per cent over 2005 , according to a study released yesterday.Despite what appeared to be rapid growth, Keiren Dell, executive director of the Senior Australian Equity Release Association of Lenders (SEQUAL), said it was at the lower end of his expectation."

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-57677523497644634792007-04-16T21:26:00.000+10:002007-04-16T21:30:07.695+10:00

Aggressive lending practices by lenders with loose credit standards, compounded by rising interest rates have led to a huge increase in the number of people in NSW filing for bankruptcy.Total insolvencies soared by more than 20 per cent in the first quarter of the year to 2859 cases, according to the Insolvency and Trustee Service Australia.There were 2404 new bankruptcies in NSW in the March

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1175341500424560892007-03-31T22:42:00.000+10:002007-03-31T22:45:02.376+10:00

A lack of supply of homes for sale and new housing stock development will continue to support prices, Nationwide says recent rises in UK mortgage interest rates are beginning to have an impact on homebuyers, the Nationwide has said. But the building society's housing survey still showed prices up by 0.7% in February, lifting annual price growth to 10.2% from 9.3% in January.Nationwide said

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1175161730538058122007-03-29T19:46:00.000+10:002007-03-29T19:48:50.730+10:00

The number of new dwellings built in Australia fell at the end of last year, which would work to keep housing unaffordable, analysts say.Dwelling commencements in the December quarter fell 0.8 per cent to 37,413 units, seasonally adjusted, from a downwardly revised 37,726 units in the September quarter, the Australian Bureau of Statistics said today. The median market estimate was for a fall of 3

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1175068763574155002007-03-28T18:54:00.000+10:002007-03-28T18:59:23.790+10:00

How things change in the mortgage rate speculation!A key analyst is now predicting interest rates will rise in the first week of April and again within 12 months, which would hit hard Australians on lower incomes.“On balance it now looks likely that the Bank will raise rates by 0.25 basis points following its April 3 Board meeting,” said Westpac Bank’s chief economist Bill Evans today in a

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1173131268187821132007-03-06T07:40:00.000+10:002007-03-06T07:47:49.196+10:00

Australian home loan mortgage rates are believed to remain untouched when the Reserve Bank of Australia's board meets this morning.The Reserve Bank of Australia (RBA) increased interest rates three times last year in a bid to rein in inflation.The official cash rate currently stands at 6.25 per cent.The central bank has already met once this year and decided to keep interest rates on hold.TD

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1172292970850904962007-02-24T14:50:00.000+10:002007-02-24T14:59:00.976+10:00

Neil White is director of Australian Financial Planning Network and a representative of Consultum Financial Advisers.What would you do with $20,000?Put it in three or four specialist Australian share funds - two growth and two value funds. The funds I would look at would be AMP Equity Fund, Challenger Orion Australian Share Fund, Perennial Value Share Trust and Perpetual Industrial Fund.I would

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1172180556329083272007-02-23T07:36:00.000+10:002007-02-23T07:42:36.586+10:00

Prime Minister John Howard has confirmed he is considering rent relief for tenants as landlords increasingly move to rental auctions in the tight housing markets.While the Prime Minister stopped short of promising direct rent relief yesterday, he argued that one of the problems was the failure of state governments to release more land, driving up the cost of housing.However, some landlords are

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1172098049172411542007-02-22T08:34:00.000+10:002007-02-22T08:47:30.103+10:00

Financial planners have come under fire for pushing products such as reverse mortgages for commissions, but a peak industry body says the claim is unfounded.The reverse mortgage industry body has labelled claims by Members Equity Bank that seniors are at risk from commission-hungry financial planners as unwarranted.Members Equity Bank head of work business Tony Beck last week warned planners

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1170842106173991362007-02-07T19:51:00.000+10:002007-02-07T19:55:06.433+10:00

Consumer spending has slowed in Australia, further easing pressure on inflation and the possibility of interest rates this month and through the year.Investor confidence in the Australian dollar also took a hit after official figures released yesterday revealed a fall in home building approvals, along with the spending slowdown.The Aussie is down almost 3 per cent since last month's Consumer

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1170712039082354742007-02-06T07:46:00.000+10:002007-02-06T07:47:19.273+10:00

Myth #1. A big brand bank home loan is better than a mortgage from non bank lender.Most people don’t like the major banks, but this myth prevents them from capitalizing on the mortgage opportunities in the growing non bank area.Myth #2. A bad credit history means you can’t get a home loan.It is better that you have clear credit when you apply for a home loan because it improves your chance and

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1169967549106538772007-01-28T16:55:00.000+10:002007-01-28T16:59:09.926+10:00

The National Australia Bank yesterday slashed interest rates on its suite of long-term fixed mortgage products despite rising funding costs in the wholesale money market.The bank has cut the rate on its 10-year fixed home loan by 0.5 per cent to 6.95 per cent.NAB has also cut rates on both its four-year and five-year fixed mortgages by 0.1 per cent to 7.25 per cent.NAB's aggressive pitch for long

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1169701635005742102007-01-25T15:03:00.000+10:002007-01-25T15:07:15.250+10:00

Total personal finance commitments fell 1.2 per cent in November, seasonally adjusted, to $6.621 billion compared to $6.702 billion in October, the Australian Bureau of Statistics said.Total commercial finance, seasonally adjusted, fell 11.8 per cent in November to $33.319 billion from an upwardly revised $37.77 billion in October, the ABS said today.The value of commitments for purchases of

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1166512986111094622006-12-19T17:15:00.000+10:002006-12-19T17:23:07.086+10:00

Australians in the mortgage belt are spending big on DIY home renovations, which rose 5 per cent to its highest level in two years during the September quarter as strong house prices and a tight labour market and high mortgage interest rates encouraged owners to do up their homes themselves. Spending in the quarter climbed to $891 million, its third consecutive rise, according to the Housing

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1165746222041981432006-12-10T20:21:00.000+10:002006-12-10T20:23:42.143+10:00

Paying off a home loan was often said to be the wisest way to go in financial affairs whenever any extra cash came into a household. Far better to pay down the home loan than try to find a better return elsewhere, in shares or investment property. Now, it is not so clear, as new tax concessions make super more attractive.Choosing the home loan as a place to put spare cash was always the winner

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1165746041380268602006-12-10T20:15:00.000+10:002006-12-10T20:20:42.516+10:00

Most of Australia is officially in "housing stress", with more than a third of family income required to service the average home loan.The Real Estate Institute of Australia, which compiled the figures, said affordability was consequently now at its lowest point in 16 years, with families in NSW, Queensland and Tasmania hardest hit.Home owners, on average, now need to spend more than 30 per cent

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1165192672466349842006-12-04T10:34:00.000+10:002006-12-04T10:37:52.626+10:00

New home sales rose last month thanks to strong improvements in housing markets in New South Wales, Victoria and Queensland markets, figures show.The latest Housing Industry Association's (HIA) new home sales survey shows sales of new homes and units by Australia's largest builders and developers rose by 1.3 per cent in October to 7434 dwellings.That followed a fall of 3 per cent to a 21 month

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1162257288244973722006-10-31T11:03:00.000+10:002006-10-31T11:14:50.573+10:00

An investment property is just like any other business: it needs to be well-managed and focused on its target market for the best returns.While the recent turnaround in rental vacancy rates across most Australian states has made life a little easier for many landlords, the likelihood of interest rate rises in the near future means there is no room for complacency.Here's how to ensure a property

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1161545402681374132006-10-23T05:26:00.000+10:002006-10-23T05:30:03.336+10:00

Home loan lenders want your business now and are prepared to pay for it! Many major banks are slashing margins to lower the effective mortgage interest rates to attract new home buyers and mortgage refinance business.Consumer finance research firm Cannex said that lenders had reported cuts to 54 fixed rate mortgages since the beginning of October.Cannex financial analyst Harry Senlitonga said now

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1161346564153795422006-10-20T22:10:00.000+10:002006-10-20T22:16:04.413+10:00

There has been a call for the First Home Owners' Grant to be increased to help stem Tasmania's housing industry downturn.Housing Industry Association state executive director Stuart Clues said climbing mortgage interest rates and high real estate prices were locking Tasmanian first home buyers out of the market. He said forecasts of a 5 per cent fall in housing starts in Tasmania for the coming

Rick Adlam, Mr Mortgagehttp://www.blogger.com/profile/16252476806260685932noreply@blogger.comtag:blogger.com,1999:blog-29076336.post-1160551282300106222006-10-11T17:05:00.000+10:002006-10-11T17:21:22.713+10:00

Homeowners who bought during the property boom are almost twice as likely to fall behind in their mortgage repayments.A six-monthly review by the Reserve Bank of Australia found there had been a "modest'' increase in the number of home loans three month in arrears. The greatest increase was seen in New South Wales where prices were highest and have fallen back, followed by South Australia,

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