The Financial Services Royal Commission has exposed some irresponsible lending by Australia’s biggest banks.
The financial institutions fronting the Financial Services Royal Commission are also the ones controlling mortgages, so will an expose of their dealings push property prices down?
It’s all about money.
Most people agree that children should be taught to manage money — but who decides what they learn, and who is responsible for teaching them?
A woman walks by the New York Stock Exchange.
AP Photo/Richard Drew
Single women borrowed heavily in the run-up to the financial crisis, ensuring they suffered the most in its fallout. Will history repeat itself?
Product intervention powers apply across investment, insurance and credit products but it will never be easy for ASIC to prove the risk of “significant consumer detriment”.
Research shows the majority of consumers have low financial knowledge and experience, but they are also prone to behavioural biases that don't help.
A real estate sold sign hangs in front of a west-end Toronto property. Canada’s newly announced housing strategy contains scant measures to help first-time buyers in pricey markets.
THE CANADIAN PRESS/Graeme Roy
Canada's National Housing Strategy leaves a large segment of the population that must find a way to afford housing in the private market. More initiatives are needed to help first-time home buyers.
A change in South African law promises to protect defaulting home owners from abuse by unscrupulous operators who snap up people's homes for a song.
Financial illiteracy contributed to the last financial crisis.
It's not just individuals who pay for low financial literacy. It also increases financial risks and holds back the economy.
Bank lending standards need to be more consistent to avoid borrowers shopping around to find the lender that offers them the highest loan amount.
It's not likely the Australian appetite for property will change but this means we need to hedge our bets against any risks by improving diversification and the way banks finance mortgages.
Declining home ownership among young people has implications for their long-term financial wellbeing and indeed for the retirement income system.
HILDA survey results show home ownership among young people is declining, as mortgage debt almost doubles for the same age group.
With slow wages growth it is hard for household to “delever” themselves.
The amount of Australians in mortgage stress is the reason why wages growth and the labour market are such a problem - and a big reason for the RBA not to raise rates any time soon.
Slow but steady decline in home ownership continues as 23.6% of all Australian households now rent privately.
The latest 2016 Census data assesses what the national home ownership and rental rates are and how these vary location. It also gives us a picture of mortgage and rental costs.
Data from the Australian Prudential Regulation Authority (APRA) reveals the average balance on housing loans has barely trended upwards over the last five years.
When you look at the data (in three charts) on mortgage stress, the systemic risk of people not being able to repay their home loans appears small.
Declining interest rates have been working for home buyers, now they are working against them.
Declining interest rates has made housing more affordable over the past thirty years, but it has also increased the risk for homebuyers.
Mortgage stress is still a risk for low-income earners, particularly in the country, new analysis from Roy Morgan shows.
New analysis shows low-income earners, particularly in Tasmania and South Australia, face the most mortgage stress.
If consumers don’t like the way their mortgage brokers operates, they can shop around.
The ASIC inquiry into how mortgage brokers are paid won't do much to change an already competitive system.
Wall to wall coverage. Mortgage advertising has a new pitchman.
Is Top Cat trying to tap into our inner huckster and charlatan, or is something else going on in Halifax's new ad campaign?
Subprime loans could ease not only the housing affordability crisis but rising homelessness as well.
The Hollywood flick recalls subprime's role in the 2008 financial crisis, but, by helping more low-income households buy a home, the loans can help ease the affordability crisis and homelessness.
Deceitful Chinese may have trouble getting a mortgage in the not-too-distant future.
Dragon faces via www.shutterstock.com
China plans to create a credit reporting system that ranks people on trustworthiness using a all kinds of data, from finances to Facebook. Sound far-fetched? It's happening in the US too.
The crisis has changed its colours.
The loans that plunged the world into financial chaos a decade ago are beginning to appear again. Just how scared should you be?
Will home owners consider the non-bank sector as major banks increase lending rates?
Last week, Westpac hoisted its lending rate by 20 basis points in a bid to recover the costs of recent capital raisings. There is speculation other banks will follow. Australia’s non-bank lenders could…