Owing more to the bank than your home is worth is a daunting prospect. But if you’ve bought a place to live in, not as an investment, there’s little reason to panic.
Articles on Mortgage
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Australia has long romanticised home ownership. But with evidence linking mortgage stress to poor mental health, we can’t forget people once they get the keys.
The new restrictions on higher-risk borrowing will be a first for Australia. Here’s what’s changing.
Financing a first home can feel overwhelming. Here’s a general guide to some of the key parts of the process.
A new report offers a roadmap to a healthier housing system. But its recommendations will require bold action.
Refinancing means replacing your existing home loan with a new one – either from your current lender or a new one. Why? To take advantage of better loan terms.
Serviceability buffers aren’t just bureaucratic hurdles for home buyers. They are a brake on unsustainable borrowing and a cushion against future shocks.
As more Australians enter retirement with a mortgage, decisions about the family home become crucial. What are your options?
Knowing your legal rights and resources can help you navigate this difficult time.
How exactly does our central bank control the cost of borrowing in the first place?
Simple tips to improve your chances of having your mortgage application accepted.
Feel like you’re drowning in debt? Owing money can sometimes be challenging, but not all debts should keep you awake at night.
Small adjustments can make a significant difference.
Being financially resilient means you aren’t left financially devastated when an expensive emergency creeps up on you.
An economist explains what the Bank of Canada’s interest rate hike to five per cent means for Canadians.
The cost of borrowing for a home has fallen in recent months, despite repeated increases of the benchmark interest rate. An economist explains the seeming paradox.
As with any major financial decision, you need to understand how the renovation fits with your broader life goals. Why do you want to do it?
While authorities such as the Reserve Bank often see them as risky, interest-only loans can be helpful in some circumstances.
China’s mortgage strikes are affecting its economy but won’t cause global contagion.
Banks typically do not want their customers to default on property and have processes in place to help reduce the risk of this happening.
Top contributors
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Professor, Finance, UTS Business School, University of Technology Sydney
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Lecturer, Financial Planning and Tax, RMIT University
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Senior Lecturer, Finance and Financial Planning, Griffith University
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John Curtin Distinguished Professor, Curtin University
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Scientia Professor of Economics, UNSW
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Associate Professor in Finance, University of Sydney
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Senior Lecturer in Finance, University of Sydney
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Associate Professor in Property and Real Estate, Deakin University
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Professorial Fellow and Co-Director, HILDA Survey, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
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Associate Professor - Department of Accounting and Corporate Governance, Macquarie University
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Program Director, Housing and Economic Security, Grattan Institute
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MinterEllison Professor of Risk and Regulation, UNSW Law; Director, Centre for Law Markets and Regulation, UNSW Law, UNSW
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Honorary Professor of Geography, University of Cambridge
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Professor of Housing & Social Policy, HHAUS Housing, Homelessness & Urban Studies, Swinburne University of Technology