RateSetter completes $10.5m capital raising

Will changes in lending like Ratesetter help reduce the problems of affordable housing or put more buyers in the market and make things worse?

Australia's Lowest Home Loan Interest Rates

Private equity firm Five V Capital has led a $10. 5 million capital raising for peer-to-peer lender RateSetter Australia. Five V Capital has joined RateSetter‘s existing shareholders and additional p

Source: RateSetter completes $10.5m capital raising

Mortgage arrears at five-year high: Moody’s

Home loan arrears are at the highest levels for five years http://snip.ly/mky1h

home loan arrears

The proportion of Australian residential mortgages more than 30 days in arrears rose to its highest level in five-years, according to Moody’s Investors Service.

Source: Mortgage arrears at five-year high: Moody’s

 

Investment Property Risks | Our perverse fascination with property – Mortgage Business

Investment Property Risks, There’s No Telling Some People

Investment property risks can be more than adequately managed. So why do so many people forget to manage investment property risks? A little bit of insurance, a long term lease to a good tenant and Bob’s your uncle.

Trouble is with investment property risks property investors get tunnel vision.

Opinion: Our perverse fascination with property – Mortgage Business

The bottom line is this: going into debt carries risks. Period.

Whether you’re racking up debt on a credit card or borrowing to buy a two-bedroom unit in Sydney, there are risks involved. What if you lose your job? What if the price of your property falls? What if you get sick and can’t service the mortgage? What if?

It’s too late to start asking these questions once you’ve taken out a loan. But there are things you can do to alleviate your fears, like taking out mortgage protection insurance and getting advice from someone who isn’t holding the title deeds. Via mortgagebusiness.com.au

The Top 3 Ways To Manage Investment Property Risk

Bank refunds over $230k in overcharged interest – The Adviser

Free Home Loan Calculator and Bank Checker Software

Free Home Loan Calculator and Bank Checker Software

 

A Tasmanian bank has refunded over $230,000 in overcharged interest and fees to more than 1,040 customers with mortgage offset accounts.

A customer of MyState Bank Limited (MyState) reportedly contacted the bank to enquire about their offset accounts being linked to their mortgage.

After conducting a review into why the accounts were not linked, MyState found several customers had loans with unlinked offset accounts, while others had offset accounts but no loans, and some had offset accounts together with ineligible loan products.

This therefore meant that they were overcharged interest.

Source: Bank refunds over $230k in overcharged interest – The Adviser

 

How To Win The Affordable Housing Argument | A Young Person’s Perspective | The Facts And Figures Of The Affordable Housing Argument

The Affordable Housing Argument

Affordable housing argument should be heard from the young person’s perspective. Eliza Owen is an economist, writer and comedian who believes economics should be accessible to everyone, not just economists. She currently works as a market analyst for onthehouse.com.au, and has a regular economics segment on FBI’s ‘Backchat’.

Affordable Housing for First Home Buyers – a Unicorn? 40 years’ worth of savings for a Sydney deposit, UBS modelling shows – ABC News (Australian Broadcasting Corporation)

Affordable Housing for First Home Buyers

One day people will say, “first home buyer” and laugh. I’m not saying first home buyers will be extinct. Like unicorns, affordable housing for first home buyers will be very very rare.

affordable housing for first home buyers

Or will it be homes for first home buyers that will be rare?

The gap between house price growth and wages growth in Australia is killing off the first home buyer.