HomeMate.com.au

Financial pressure for first home buyers and renters in Australia is rising rapidly according to the AAH (Australians for Affordable Housing). The cost of housing has continued to rise despite no rise in the average income for most households. With rent or mortgage payments taking as much as 50% of the take home pay for [...]

Is the housing shortage real, or just a trumped up story to give home buyers the hurry up. I have changed my mind over the past two years. After repeating the story for years on my blogs of a growing housing shortage in Australia believing it to be true, I now believe it might have [...]

As new home buyers sit on the side lines waiting to see what Federal and State Governments do next about housing affordability, home builders are feeling the pinch as the construction industry slump reaches it first birthday. I don’t buy that interest rates are too high. Interest rates are normal. The problem is that new [...]

As Australia’s house prices soften many would say this represents a great time to buy. That obviously depends on what happens next. Australia home values are down further in 2011, as home buyers wait to see what will happen next with mortgage interest rates and home loan exit fees. If you have to buy now, [...]

RBA ask home buyers & homeowners to carry the “interest rate” can for the economy again. Australian home buyers and mortgagor homeowners might get punished By the Reserve Bank of Australia with higher mortgage repayments for the mining boom, the Queensland floods and Cyclone Yasi. Real economy is going backwards This grim analysis is based [...]

Mortgage Managers may get special exceptions. In December last year, the Labor Government announced plans to ban exit fees on new home loans from July 1, 2011, in response to outrage of the major banks lifting rates above RBA rates. At that time I thought it was a bad idea for home buyers and homeowners [...]

Qld home builders have seen home buyers disappear as first home buyers stay away. A lot of home builders are hurting right now, especially in Queensland, where the sale of new homes could be 20% down on 2010, itself a down year. Whilst first home buyers have not been a major force in new home [...]