Home loan news and advice

Economists at Westpac believe the Reserve Bank of Australia will be forced to lift interest rates sooner than expected, amid growing inflationary pressures and improved labour market conditions.

Australian homebuyers are borrowing more and more to enter the housing market, with new figures from the Australian Bureau of Statistics (ABS) revealing that the average national loan size has increased by 18% over the past year alone.

Online lender Athena has started 2022 with a bang by dropping a number of its variable home loan rates by between 10 and 30 basis points.

Australia’s property market has continued to soar throughout periods of lockdown, with the latest CoreLogic report finding that the three months to September 2021 saw the highest level of profitability in real estate for more than a decade. 

Australia’s strong housing price increases can be linked to the likelihood of a couple having children, says a new University of Sydney study.

The Reserve Bank is widely predicted to keep the cash rate on hold until 2023, but some of Australia’s top lenders are forging ahead with their own home loan rate cuts in a bid to entice bargain hunting refinancers and home buyers.

Fixed rate home loans surged in popularity in 2021 as Aussie borrowers raced to lock in at record low rates. While many lenders have already started pushing fixed rates up from last year’s record lows, there are still a handful of incredibly low fixed rate deals on the market right now for borrowers who are prepared to act fast.The Reserve Bank convenes its first meeting of the new year in early February, and while the official interest rate isn’t expected to rise immediately, there are growing predictions from the nation’s economists that it might rise as soon as late 2022.For borrowers who haven’t yet locked in and like the idea of doing so to provide peace of mind against future rate rises, the Mozo Editors have rounded up some of the top fixed rate home loans currently on the market under 2.00%. But be quick, as these super low deals won’t last for much longer….

If you’re looking to buy or build an environmentally friendly home, chances are you could qualify for a green home loan.

Last year was a big one for Australians switching their home loans.

As the property market sizzles and rival lenders slash rates in some of the fiercest mortgage competition we’ve seen in years, borrowers are flocking to comparison sites to hunt out bargain home loan deals.