The extraordinary increase in house prices and debt means mortgage rates of 7% would be as painful to borrowers today as rates of 17% were decades ago.
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Articles on Home loans
Displaying 1 - 20 of 21 articles
Depending on circumstances, it may be time to re-think the bias to paying down housing debt over wealth accumulation in super. At least to do the sums, so you can make an informed choice.
Young people might take on a lot of debt without considering its consequences for their older years. A philosopher makes a case for laws to limit that debt as a duty toward self.
New Zealand’s housing market is ill designed to create the surpluses that would force down values. Only the state can change that.
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.
In the US “liar loans” have been identified as one of the key reasons behind the 2008 financial crisis. But how big a problem are poor loan checking practices in Australia?
The government needs to learn from the mistakes in the US in sharing our credit history information to third parties.
Investor loans are on the increase again, causing pause for the regulators.
APRA has updated its guidance to lenders on concerns about the risks to financial stability from the housing market, but it should be focusing more on the banks, not hurting those with a mortgage.
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.
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…
First home buyers looking to break into the housing market are turning to their parents, but it’s not a risk-free proposition for either party.
It’s clear mortgage standards have gotten too tight when even a former Federal Reserve chairman who makes as much as US$250,000 per speech cannot refinance his home. Ben Bernanke complained about his inability…
Australia’s central bank has formally flagged the use of macroprudential tools to address what it called “unbalanced” lending in its most recent Financial Stability Review. Loan-to-valuation ratio (LVR…
One of the issues currently being considered by Australia’s Financial System Inquiry is the heavy exposure of Australian banks to the residential mortgage market. The exposure to domestic mortgages, which…
The days when Coles and Woolworths only sold groceries are long gone. Both are now established players in a broad range of consumer markets, with interests in liquor and hotels, fuel and convenience, general…
Heightened competition among home lenders has prompted the banking regulator to issue a reminder of what constitutes prudent lending, but its suggestion that loans being generated by mortgage brokers should…
Over 40% of mortgages in Australia are sold by mortgage brokers, not by their manufacturers - an issue that has the CEO of Australia’s fifth largest bank, Suncorp, arguing the sector is skewed towards…
Australian banks are much more heavily exposed to mortgage lending than banks in most parts of the world, which is why the latest publication of APRA data on home lending has set the hares running. The…
Minority race loan applicants in the USA are more likely to be denied a loan than Caucasian applicants in similar financial…
Top contributors
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Professor, Finance, UTS Business School, University of Technology Sydney
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Professor of Marketing and Consumer Behaviour, Queensland University of Technology
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Emeritus Professor of Finance, The University of Melbourne
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Pat McConnell is a Friend of The Conversation.
Visiting Fellow, Macquarie University Applied Finance Centre, Macquarie University
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D.Phil. Candidate in Population Health, University of Oxford
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Professor of Law, Monash University
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Professor of Economics, UNSW Sydney
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Director, Academic Quality, Massey University
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Professor of finance emeritus, University of Pennsylvania
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Senior Lecturer in Banking and Finance, The University of Queensland
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Program Director, Economic Policy, Grattan Institute
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Associate Professor of Law, Georgia State University
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Lecturer of Economics and Finance Tasmanian School of Business & Economics, University of Tasmania
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Associate Professor, University of Pretoria
