As for the claim that owning a home is cheaper than renting, based on Australia’s median property price and median rental, it costs around twice as much to own your own home, as to rent one.
Home lending
Lending a cot case, or is it?
If you had to judge the health of the Australian economy by the amount of lending going on, you’d be entitled to call for an ambulance to revive a fading patient after looking at today’s report from the Reserve Bank on private credit for September.
No more nights out for British mortgage owners
Fancying a smoke, a drink or three, or a night at the cinema could all rule you out of getting a mortgage under tough new proposed rules in Britain from the country’s financial regulator, the FSA.
Business lending slumps, so CBA and others turn to housing
Banks will move to make money from housing while they can, writes Glenn Dyer.
Should government bail out credit lending casualties?
A joint paper released this week has called for more Federal Government aid to help prevent the big banks regaining dominance of the home lending sector. Sounds sensible but who will benefit? asks Glenn Dyer.
