Buying an investment property in Australia, has suddenly become more difficult. Several lenders have adjusted their policies toward residential investment mortgages, and all the changes have made it more difficult for borrowers.
We expect that the Australian mortgage industry is about to go through more changes, and all of them will make it more difficult to borrow for a home loan
Read MoreOver the past 8 years, since the GFC, the banks have passed on 65% of rate cuts to home loans and kept 35% of the difference for themselves. Whether the retained amount was due to profiteering or covering costs, we can not say.
We have streetonomic look at the net interest margin made on mortgages in Australia
Read MoreGeneral Advice Warning: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.