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? 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:

Mortgage arrears at five-year high: Moody’s

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

EXPLAINER: In your 30s and want to buy a house? This is what you need to know and do.

Steep drop in home ownership is a worry especially amongst young people. http://snip.ly/o8cd1 Figures in the recent Household, Income and Labour Dynamics in Australia (HILDA) survey revealed a steep drop in home ownership amongst people under 40 from almost 36 per cent in 2001 to just 25 per cent in 2015. Dr Greg Schwann, Associate Professor of Finance

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

  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