New home sales continue to rise in April
According to the latest results of the HIA New Home Sales Report, new home sales continued to see an upward trend in April, making it a fourth consecutive monthly rise for this year.
“New homes sales have increased in each of the first four months of 2015,” commented HIA Chief Economist, Harley Dale. “While the rise of 0.6% in April was the slowest growth pace of the four months, this is still a strong result off the back of a healthy March quarter.”
The survey of Australia’s largest volume builders, reveals that the April result for total seasonally adjusted new home sales comprised two small gains, 0.4% for detached house sales and 0.9% for multi-unit sales.
“The profile for new home sales in 2015 is consistent with a new home building cycle where further upward momentum resides largely in the ‘multi-unit’ sector and where the eastern seaboard states are driving the further growth,” said Harley Dale.
He also added that, in terms of detached house sales, both New South Wales and Victoria posted monthly gains in April (as did Western Australia), although Queensland recorded a disappointing decline. Sales in South Australia continued to weaken and are at an 18-month low.
As per the report, in April 2015, private detached house sales increased by 7.2% in NSW, by 2.7% in Victoria, and by 0.9% in Western Australia. Private detached house sales dropped by 9.0% in Queensland and were down by 1.9% in South Australia.
In the April 2015 ‘quarter’, detached house sales increased in NSW (+0.5%) and Victoria (+7.4%), but declined in SA (-4.7%), Queensland (-4.4%) and WA (-1.6%).
Home loan comparisons on Mozo - last updated 26 April 2024
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Initial monthly repayment5.99% p.a. variable5.90% p.a.Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.
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- 5.99% p.a. variable
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- 5.90% p.a.
- interest rate
- 5.99% p.a. variable
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- 5.90% p.a.
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Express Home Loan
Owner Occupier, Principal & Interest, LVR <90%
interest rate
comparison rate
Initial monthly repayment6.01% p.a. variable6.14% p.a.Get fast online approval from the award-winning Bendigo Bank Express Home Loan. Multiple offset accounts and redraw available. 100% offset on variable rate loans and partial offset on fixed rate. Flexible repayment options. New home loans only.
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- 6.01% p.a. variable
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- 6.14% p.a.
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- 6.01% p.a. variable
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Discounted Home Value Loan
Owner Occupier, Principal & Interest, LVR 70-80%
interest rate
comparison rate
Initial monthly repayment6.09% p.a. variable6.09% p.a.Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Settlement fee waived on new borrowings from $50,000 (T&Cs apply).
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Enjoy competitive rates for owner occupiers. Enjoy unlimited free extra repayments. Flexibility to redraw additional payments for free. No ongoing monthly service fee. Settlement fee waived on new borrowings from $50,000 (T&Cs apply).
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- 6.09% p.a. variable
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- 6.09% p.a.
- interest rate
- 6.09% p.a. variable
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- 6.09% p.a.
- Upfront fees
- $0
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- $300.00
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Read our Mozo Review to learn more about the HSBC Discounted Home Value Loan
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Basic Home Loan
Fixed, Investment, Interest Only, LVR <70%
interest rate
comparison rate
Initial monthly repayment6.49% p.a.
fixed 2 years6.56% p.a.CompareCompareBasic Home Loan
- interest rate
- 6.49% p.a.
fixed 3 years
- comparison rate
- 6.55% p.a.
- interest rate
- 6.49% p.a.
fixed 3 years
- comparison rate
- 6.55% p.a.
- Upfront fees
- $350
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- $0.00
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- $400.00
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- yes - up to $10,000 p.a.
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- Maximum loan to value ratio
- 70.00%
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Featured Product
Mozo experts choice awards won:
- Low Cost Home Loan - 2024
Unloan Variable
Investment, LVR <80%
interest rate
comparison rate
Initial monthly repayment6.29% p.a. variable6.20% p.a.Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.
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Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply online in minutes.
- interest rate
- 6.29% p.a. variable
- comparison rate
- 6.20% p.a.
- interest rate
- 6.29% p.a. variable
- comparison rate
- 6.20% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
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- Redraw facility
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- Offset account
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- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $10,000
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- type of mortgage
- Variable
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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
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