Turning tides: banks start cutting interest-only mortgage rates
The recent flood of interest-only rate hikes may be ebbing, as big bank CBA joins a number of lenders reversing current trends to cut fixed rates on interest-only loans.
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CBA joins other banks offering enticing spring incentives for refinancers
The Commonwealth Bank has introduced a $1,250 refinance rebate and interest-only rate cuts in a note released to brokers as the spring property season gets under way, reported the Australian Financial Review .
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Now and then: the cost of buying a home in 1986 vs today
It’s not news that house prices are skyrocketing in some of Australia’s capital cities, and recent Mozo research into the Bank of Mum and Dad has revealed just how hard it is for young home buyers to get a foot on the property ladder these days - especially when compared to thirty years ago.
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Homeowners stay put as renovation activity heats up
The number of Australians making renovations to their homes during the June quarter grew by 2.2 per cent according to the Housing Industry Association, while new dwelling construction declined.
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7 best value home loans of Spring 2017
The weather is warming up now that spring has arrived, and so is competition in the home loan market!
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Aussie parents cough up $65.3 billion to get young buyers into the property market
Recent Mozo research has revealed that first home-buyers are increasingly turning to the Bank of Mum and Dad to secure funding for their property purchase, making Aussie parents the fifth biggest lender in the country, behind the big four banks.
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Bank of Mum and Dad the fifth biggest home loan lender - report 2017
Mozo research has found that the “Bank of Mum and Dad” is now the fifth biggest lender in Australia, as young home-buyers turn to their parents for help getting into a red hot property market.
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Home loan lenders cut mortgage rates as spring heats up
A host of lenders have cut the headline home loan rates of fixed and variable loans for owner occupiers ahead of what is expected to be a busy spring property season, according to Mozo’s Banking Roundup for August.
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The number of interest-only home approvals have dropped for the first time since 2009
If you’re thinking about picking up an interest-only home loan with the bank or applying with a less than 20% deposit, you may have to jump through a couple of hoops first.
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Home loan rates review - Spring 2017
Fierce lender competition for prime home loan customers is delivering a rate cut bonanza for owner-occupier borrowers this spring.
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