Home loan news and advice

With a 2.59% p.a. variable interest rate (2.55% p.a. comparison rate*) and no fees, new online Aussie lender Athena is set to rewrite home loan history.

Just when the market appeared to be quietening, some seismic shifts at the lower end of the home loan market have changed the rate landscape once again according to the latest edition of the Mozo Banking Roundup. 

With fixed home loan rates at record lows, if you’re not on the refinancing ball right now, you could miss out on some serious savings.

Teachers Mutual Bank has announced it will be participating in the second release of the First Home Loan Deposit Scheme (FHLDS), with applications opening today.

The coronavirus pandemic continues to chip away at property prices, with the CoreLogic Home Value Index recording a decline of 0.7% in June - the second month in a row it's seen prices drop.

Online lender Homestar and Tasmanian-based Bank of Us have proven that there is no floor when it comes to fixed rate loans, with both lenders dropping seriously competitive offers in the last few days. 

The coronavirus pandemic and ensuing restrictions have sent shockwaves throughout the economy, and while the property market has proven to be remarkably resilient so far, it hasn’t been completely spared. 

After being crowned Australia’s best bank in the 2020 Mozo Experts Choice Awards, ING has given Aussies one more reason to get on board, reducing variable home loan rates by 0.19% this morning. 

The number of advertised rental properties in Australia’s two largest cities, Sydney and Melbourne, have ticked up once again according to new estimates from CoreLogic. 

The next round of the First Home Loan Deposit Scheme will go live on 1 July. That means a further 10,000 places will be made available for Australians hoping to take their first steps up the property ladder.