House price rises run out of steam as mortgage rates rise bites

House prices are topping out in most Capital cities as the constant talk of more hikes in mortgage rates, both from the Reserve bank of Australia and major banks saying that their margins are being eroded in the funds market, and they will be moving to preserve then. Housing Affordability dips as house prices lift [...]

Australia’s banks reach agreement to prevent struggling families losing their homes

Kevin Rudd, Australia’s Prime Minister is to announce his mortgage relief plan that will freeze mortgage payments for up to 12 months for financially stressed homeowners.?