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Showing 1 - 10 of 181 results for %22Mortgage Choice%22

Coalition's super for housing scheme slammed

ELIZA BAVIN  |  TUESDAY, 12 MAR 2024
The Super Members Council (SMC) has slammed a proposal by Shadow Minister for Housing Michael Sukkar to allow Australians to access their superannuation to buy their first home. The Shadow Minister said the Coalition was determined to help younger Australians ...

Interest rates drive adviser conversations in 2024

KARREN VERGARA  |  THURSDAY, 25 JAN 2024
... that one in six Australians fork out 40% to 60% of their monthly income on home loan repayments. Nearly 40% of the 2100 mortgage holders surveyed said they struggle to make up the shortfall worth hundreds of dollars each month. "It's crucial to provide ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
... cash rate in July didn't stop the nation's biggest lenders from lifting their fixed and variable home loan rates, Mortgage Choice chief executive Anthony Waldron said. The big four banks boosted their owner-occupier fixed rates by 0.30%. NAB for example ...

Cash rate hits 4.1%

KARREN VERGARA  |  TUESDAY, 6 JUN 2023
... this slowdown to be apparent in work on the ground, and the wider economy," he said. As for mortgage holders, Mortgage Choice figures show that most borrowers were sticking to variable rates throughout the year. This trend continued in May. "Mortgage ...

Mutuals' assets increase, profits declines: KPMG

CASSANDRA BALDINI  |  FRIDAY, 25 NOV 2022
... June 30 this year. "While total asset growth slowed, the reduced market share reflects the strong competition in the mortgage lending market", KPMG said. The report explained in 2022 the Australian economy faced the challenges of high inflation and extreme ...

RBA anticipated to lift the cash rate

ANDREW MCKEAN  |  TUESDAY, 6 SEP 2022
... committed to lowering inflation, as are most other central banks. The Jackson Hole pronouncements have given the RBA little choice other than to raise rates by another 50 basis points at their September meeting to be followed by another 50 basis point ...

NSW to introduce options for first home buyers

CASSANDRA BALDINI  |  TUESDAY, 21 JUN 2022
... 30% offering for existing dwellings. Participants must have a minimum 2% deposit of the purchase price, with no lenders mortgage insurance required and earn a maximum gross income of $90,000 for singles and $120,000 for couples. The property purchase ...

Class chief exits following takeover

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
... manager of financial services at REA Group. Prior to REA, he was general manager and interim chief executive of Mortgage Choice, where he helped launch the wealth management and financial planning business. Russell commented: "I'm very proud of the value ...

Prime Minister announces reverse mortgage scheme

ELIZABETH MCARTHUR  |  THURSDAY, 16 DEC 2021
Prime Minister Scott Morrison has confirmed a reverse mortgage scheme for pensioners. During a radio interview with Spencer Howson, Morrison said the mid-year budget will include a cash access scheme for pensioners. "We've had a pension loan scheme ...

Apollo expands in Australia, acquires fund manager stake

KARREN VERGARA  |  THURSDAY, 9 SEP 2021
... Apollo has about $472 billion assets under management. It recently partnered with Foundation Home Loans, a specialist UK mortgage lender, and Victory Park Capital in the US to invest in asset-backed credit facilities for emerging companies.
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