The average mortgage size in Australia has soared to a record high, fueled by surging prices and rising interest rates. According to recent data released by the Australian Bureau of Statistics, the national average new mortgage size hit $624,383 in December 2023, marking an all-time high. Across states and territories, Queensland, South Australia, and Western… Read More »
The dream of homeownership can sometimes push individuals to desperate measures, as highlighted by recent data indicating a surge in deceptive practices on loan applications. More prospective borrowers are resorting to dishonest tactics, such as inflating their income or downplaying expenses, in a bid to secure a mortgage. In this article, we explore the adverse… Read More »
There seemed to be a glimmer of hope for financially strained Australians, but all indications now point to a significant downturn. When the Reserve Bank of Australia (RBA) decided to keep interest rates unchanged in April after 10 consecutive meetings, many believed that rate hikes were behind us and that a sluggish domestic economy would… Read More »
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