No Deposit Home Loan

AUSTRALIA'S house prices will soften but should not crash because of the world economic crisis, Reserve Bank governor Glenn Stevens says.

HOMEBUYERS will find it hard to get no-deposit loans as banks tighten lending standards in the wake of the credit crisis.

TWO residential developers have called the bottom of the housing market, saying some life should return to the sector next year.

SOME first home buyers are changing the date of existing contracts so they qualify for the latest lucrative Federal Government grants.

• House prices set to fall as rates go down
• As economy slows, prices could go lower
• Calculator: Can you afford to borrow?

RATE cuts mean almost $550 a month has been wiped off the interest cost of a $350,000 variable rate investment loan.

TENANTS from hell, rising repayments and maintenance problems can make landlords feel investing in property is best left to suckers.

FORMER Savage Garden musician Daniel Jones is the latest victim of Sydney's slumping property market.

PRESTIGIOUS suburbs are facing house price slumps amid the credit crunch as cheaper outer-suburbs emerge from years of price falls.

HOUSE prices fell in the September quarter and grew at the slowest annual rate in three years.

THE property market has become polarised, with lots of movement at the top and bottom of the market - and falling prices in between.

TIMES of recession can also be a good time to buy property with many vendors being forced to opt out of the housing market.

FIRST-HOME buyers risk going backwards if they take up Kevin Rudd's generous cash handouts to enter the market over the next eight months.

CLEARANCE rates crash despite the beefed-up cash grant as the credit crisis strikes again.

KEVIN Rudd's bid to lure first-home buyers into the sluggish property market has been greeted with caution by young investors.

AN advertising blitz urging first home buyers to spend the hand-out on their house deposit has been slammed.

GREEDY home sellers are taking properties off the market and re-listing them at higher prices in an attempt to cash-in off first home buyers.

TENANTS across Australia look set for a short-term reprieve from rising rental prices, with analysts expecting landlords to pass on the benefits of interest rate cuts.

FIRST home buyers captivated by the lure of $21,000 in new government grants have stormed builders and real estate agents in search of bargains.

HOUSE prices are tipped to rise as a result of the First Home Owners Boost announced by the Federal Government yesterday.