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16 Dec 08 | Mortgage insurers have placed tighter restrictions on lenders and borrowers. Low doc borrowers and borrowers with small deposits will find it harder to get finance.
5 Dec 08 | The recent reduction in rates will reduce an average $300,000 loan by approx $200 per month. Since September, borrowers are saving approx $550 per month on an average $300,000 home loan.
2 Dec 08 | The Reserve Bank of Australia slashed the cash rate by a further 1% today. The fourth consecutive drop takes the official interest rate from 5.25 to 4.25 percent.
20 Nov 08 | Credit criteria continues to tighten with CBA axing its No Deposit Loans this week and ANZ tightening borrowing eligibility.

 

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