Time to lock in a fixed rate? Where to find home loans under 6%
We’ve seen a slew of fixed rate cuts from major banks in the past two months, but does that mean now is a good time to lock in a low rate on your home loan?
Can foreigners buy property in Australia? Yes, here’s how
Foreign buyers – those that are non-permanent residents and non-citizens – can purchase residential property in Australia, but will need approval from the Foreign Investment Review Board (FIRB) to ensure their investment works in favour of the national interest.
Fixed-rate face-off heats up: Lowest home loan rates since June 2023
South West Slopes Bank (SWSbank) has unveiled the lowest fixed rate home loan that Mozo has tracked in over a year.
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How CommBank’s recent home loan rate cuts measure up
CommBank reduced interest rates for borrowers on its Extra Home Loan and CommBank Wealth Package recently, positioning these loans more favourably against the averages in the Mozo database.
The great Australian dream could see your home loan jump by $274,000
Australians are obsessed with houses, despite units being up to 32% cheaper and offering potential interest savings of up to $274,405 on their home loans.
As home loan costs grow in 2024, Aussie buyers look for a boost
The number of people looking for a helping hand when buying a property has increased in 2024, despite more buyers going solo.
Mozo Spring Property Preview 2024: What’s in store for home buyers?
As the winter cool subsides, the property market comes into sharper focus, and much of the interest comes from more selling! The reason for this is typically an uptick in property listings.
Perfect storm: 35% spike in Aussies spending half their incomes on mortgages
New Mozo research reveals a 35% rise in the number of Australians spending half of their income on their home loans since 2023.
CommBank follows suit in Big Four home loan rate cuts
Commonwealth Bank has cut interest rates across its fixed and variable rate home loans for new customers by up to 0.70% p.a.
Westpac joins NAB in dropping fixed rate home loans
Westpac has cut select fixed rate home loans by 0.80% p.a., making it the second Big Four bank to pull back on its fixed interest rates in the past month.