The number one mortgage mistake
Home loan loyalty is costing Australian mortgage holders a whopping $6 billion a year, according to new research from comparison site Mozo.com.au.
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Is the Sydney property market starting to cool?
Auction results across the city over the Queen’s Birthday long weekend have provided even more evidence that the Sydney housing market is continuing to cool slightly from the soaring heights experienced at the end of 2016.
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ANZ increases interest only home loan rates once again
ANZ has today announced changes to its variable rate home loans, targeting borrowers on interest only loans with rate increases of 30 basis points. This follows similar rate hikes made by the big bank earlier in the year, which saw interest-only variable rates rise by up to 0.25%.
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Market still near historic high despite property investment slowdown in March quarter
Australia’s property market may finally be cooling from the record highs seen at the end of 2016, with new figures showing a 4.4% decrease in investment for new housing in the March quarter.
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ING Direct tempts owner occupiers with fresh cuts to fixed rate home loans
Borrowers in the market for a longer term fixed loan may be pleased to hear that ING Direct has recently reduced rates on two of its fixed rate loans by as much as 20 basis points for three and five year terms.
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New stamp duty exemption to save NSW first home buyers more than $24,000
NSW first home buyers will benefit from new measures announced today, including stamp duty exemptions on new and existing homes worth up to $650,000.
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Australian property bubble burst could be a reality after credit ratings slide
Sometimes all it takes is a drop in credit ratings along with slow auction clearance rates for the housing bubble debate to flare up again - and that’s exactly what’s circulating in the media as winter approaches.
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Rate cuts for P&I home loans; interest-only rates continue to climb
In the midst of rate hikes and tightened regulations for interest-only and investment loans, there is some good news to be found for a different subset of borrower - owner-occupiers making principal and interest repayments.
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Regional property hotspots: can they rival the Sydney city market?
Sydney has long been the top property market in Australia, with booming house prices and demand far outstripping supply. But the housing market is showing significant growth outside our capital cities as well, revealed a new report from the Housing Industry Association.
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NAB quadruples deposit requirements for interest-only mortgage lending
As regulations continue around the tightening of interest-only lending, NAB has raised deposit requirements on its interest-only loans.
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