In bad news for borrowers, the National Australia Bank has lifted both its variable owner occupier and residential investment home loan rates by as much as 25 basis points, with Mozo data estimating the move will earn the bank an extra $28 million in interest each month.
Read More
The Commonwealth Bank has made further changes to its lending criteria for property investors, this time reducing the maximum Loan-to-Value on investment loans.
Read More
This International Women’s Day, single ladies might like to take a look at their financial savvy, after new research from State Custodians Home Loans has revealed that single women - and single mothers in particular - are in danger of falling victim to serious money troubles, thanks to a lack of financial knowledge.
Read More
First home buyers in Victoria can start clinking their champagne flutes over a new tax exemption which will save them as much as $10,995 when purchasing their first property.
Read More
In a move aimed at making it easier for young, regional Victorians to remain in their communities, the Victorian state government has today announced a doubling of the first home owners grant from $10,000 to $20,000.
Read More
Living in an affluent suburb is not necessarily an indicator of financial savvy and in fact rural Aussies come out on top as far as good credit goes, according to new data from getcreditscore.com.au.
Read More
AMP has announced it will no longer be accepting new refinancing investment loans, and has increased rates on investment and interest only home loans, as concerns about meeting APRA lending limits rise.
Read More
It seems APRA may be forced to impose further restrictions on investment lending, as concerns persist over the amount of mortgages taken out by property investors.
Read More
Update 15/2/17: CommBank has also increased rates on interest only investment loans by 12 bp and line of credit mortgages by 4 bp, effective as of April 3.
Read More
Most homeowners paying off a mortgage have no idea what rate their lender is charging them in interest annually, leaving thousands of dollars at stake as a result.
Read More