Australians may soon be rewarded for their good credit history with cheaper home loan and credit card rates under a new initiative set to be announced by Treasurer Scott Morrison at the Intersekt fintech festival in Melbourne later today.
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In an effort to put an end to ‘liar loans’, Westpac have revealed they will now be enforcing a tougher lending process to potential homeowners looking for a home loan with the big bank.
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In a recent turn of events, younger Aussies are now scoring big time on the property market at record levels, according to CommSec, and the number of delinquent home loans has dropped.
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Redraw facilities, offset accounts, split home loans and interest vs comparison rates - these are the home loan terms that a large portion of Aussies find pretty damn baffling according to new data from Gateway Credit Union.
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The property market is an expensive place to be these days, but we’ve uncovered a strategy that might allow homebuyers to loosen the budgetary belt a bit: haggling.
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1 in 3 Aussies have a less than one month buffer on their home loan repayments, despite the recent decline of interest rates, according to the Reserve Bank of Australia’s biannual Financial Stability Review.
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Change is rife in consumer banking right now, with a host of brand new banking products hitting the market.
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With Sydney’s property boom beginning to slow at last, the inner city and eastern suburbs homeowners have been hit hardest by backsliding prices, with declines of a massive 6% over the September quarter, according to Domain’s latest State of the Market report. But hopeful first home buyers shouldn't get too excited just yet.
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As it gets harder for first homebuyers to step into the property market, many Aussies have begun looking to long-term renting. And thanks to a recent review of the Victorian Residential Tenancies Act, Victorian Premier, Daniel Andrews, has announced a new set of rules, designed to give renters more power and greater access to information.
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Scoring a lower rate on your home loan may be as easy as asking for it, with the big banks willing to offer discounts of up to 0.82% to those willing to haggle, Mozo’s annual home loan mystery shop has revealed.
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