Page 4 - Finance Analytics News Today

A Map to You, developed by local charity The Dot Collective alongside King’s College London students, tells the vibrant life stories of individuals

The postcodes where Australians cant pay off their mortgage have something in common - they are a long way from the city centre. Consumer group CHOICE has revealed the suburbs where borrowers cant meet monthly repayments despite the big banks offering fixed mortgage rates under 2 per cent. Digital Finance Analytics, which provided CHOICE the data for April 2021, defines mortgage stress as a situation where home owners cant meet their mortgage obligations - and not just spending a third of their...

Thousands of apartment owners in Sydney and Melbourne are expected to sell in the coming months, giving first-home buyers the chance to snap up a bargain. Fresh figures released by Digital Finance Analytics showed that more than 4,000 property investors across both cities plan to flood the market with units due to the mortgage repayment holiday ending in March. Financial regulators allowed lenders to give borrowers the option to pause mortgage repayments from March 2020 to ease the strain for t...

DNB earnings call for the period ending March 31, 2021.

Low fixed-rate mortgages have helped many first-home-buyers but they have also created an economic time bomb that could explode in three years. Westpac, Australias second biggest bank, has revealed that between September 2020 and March this year, 32 per cent of borrowers fixed their mortgage rate. That was a dramatic rise from 23 per cent in the six months leading up to the onset of the Covid pandemic in March 2020. Since then, a higher proportion of Westpac borrowers have also fallen behind on...

Australias banks could start raising their variable mortgage rates from July, even though the Reserve Bank is keeping the cash rate on hold until 2024. This could see house price falls in 2022.

Digital Finance Analytics is expecting house prices in Sydney and Melbourne to dive by 8 per cent in 2022, despite predictions from the big banks of a double-digit surge in values next year.