mortgage

November special for applications received and approved this month settling on or before 1st of February 2023.

December special for applications received and approved this month settling on or before 1st of March 2023.

The major bank has revealed that the majority of its home loan customers are ahead of their mortgage repayments.

There’s no discernible trend in loan defaults and arrears now, but it is coming, APRA has highlighted.

While a “competitive backdrop” leached away at its profit margin, the group secured $2.1 billion in new home loans over the six months to December.

The Reserve Bank has lifted its projection for the amount of disposable income that will need to be dedicated to scheduled mortgage repayments.

There are signs that financial stress caused by higher mortgage debt and rising interest rates has started to show.

Despite a 12-year high RBA cash rate, on average, Aussie borrowers are taking out larger mortgages than ever before.

Around a fifth of consumers who have tightened their belts are using the savings to reduce their home loan debts, new data has revealed.

Submissions for the inaugural Mortgage Business Awards are closing next week, so get your video submission in now!

Rising interest rates have resulted in an estimated 948,000 mortgagors being “at risk” of mortgage stress, according to new research.

A recent survey has found that almost a third of Australians believe they will be paying off a home loan in retirement.

If the central bank bumps the cash rate next week, more than 30 per cent of mortgage holders will fall under ‘mortgage stress’, according to Roy Morgan.

More than two-fifths of a borrower’s income was needed to service mortgages in March 2022, after rising for the third consecutive quarter, according to new research.

The bank has reported a 5.2 per cent increase in home lending for its 2023 financial half-year results.

Australia’s recent property boom has set a precedent for home buyers to act with more immediacy, but 85 per cent of Aussies believe that the mortgage process is still too slow, according to ...

The brokerage has teamed with the fintech, for the launch of a new app that will let borrowers compare pricing and environmental impact across home loans.

Total loan books for Australia’s banks continued to rise in June, remaining above the $2.1 trillion recorded in May, new APRA stats have revealed.

The new app, powered by Westpac’s banking-as-a-service offering, could move into mortgages next year, it has been revealed.