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Helpful Information

The Sub Prime Crisis and how it effects Australia

Reserve Bank of Australia - Address to the Sub-prime Mortgage Meltdown Symposium
Challenger Financial Services Group Limited - Report on the US sub-prime crisis and the impact on the Australian mortgage lending market

First Home Buyers

This calculator will give a quick reference of how much deposit you will need to buy your home, and notes on when it applies. It also shows what your repayments will be for the loan on a weekly fortnightly and weekly basis. If you haven't saved a deposit Australian Credit Corporation may be able to help you with that as well call 02 8844 0100.

[ View ] calculator

Why is the Compulsory Comparison Rate important?

A comparison rate is designed to indicate the "true" cost of a loan. It takes into account the costs associated with setting up a loan including the interest rate, the loan establishment fees and any other up-front or ongoing fees.

The comparison rate doesn't include government fees and charges or any fees that are not ascertainable at the time of calculation. These include but are not limited to redraw charges, voucher fees, switching fees, replacement statement fees, default letter fees, etc. Note: Australian Credit Corporation doesn’t have any of these. Call 02 8844 0100 for more information.

Property Reports

PMI is one of Australia's largest lenders/mortgages insurers who underwrite risk for funders and Banks. They publish a comprehensive property report for both Australia and New Zealand. This report includes information about where housing values are going, state by state. It also gives an insight into where they expect interest rates to be in three years and why. Well worth the read.

[ Download ] the Australian Report - May 2008
[ Download ] the Australian Report - March 2007
[ Download ] the Australian Report - 2006
[ Download ] the Australian Report - 2006 September Quarter
[ Download ] the New Zealand Report - 2006

Industry Overview

An overview of a talk recently given by the General Manager, Markus Przyrembel. This outlines background information about where the money comes from in both the bank and non-bank sector. It includes an interesting section on how he relates the cost of fuel to your mortgage repayments.

[ Download ] the presentation slides