Close to three in four homeowners believe a big bank would not provide the best service in the case of a life-changing event such as unemployment, divorce or death, a new study of over 1000 Australians has revealed.
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After finding that some customers with offset accounts attached to their home loans were overcharged in interest, Bankwest has recently refunded $4.9 million to around 10,800 customers.
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Fifty-five home loan providers have flooded Mozo’s database with fixed interest rate increases since the trend started gaining momentum back in October, 2016. That means there are just 23 mortgage lenders left that are yet to move fixed rates up.
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Record house prices across the country are making it harder for single Australians to enter the property market, with single women the hardest hit.
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Hundreds of property industry professionals in NSW are confident that the next quarter will deliver healthy returns to investors, projecting the most positive outlook of all states.
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One in five owner occupiers are at risk of plunging into severe financial stress, if predictions ring true and the RBA lifts rates mid 2017, according to new research.
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It was the interest rate outcome our experts here at Mozo had been forecasting for months, but one that homeowners and investors hoped wouldn’t play out.
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For homeowners flirting with the idea of locking their interest rates in now before the next round of rate hikes, December data from Mozo's Banking Roundup suggests the Christmas break may be their last chance.
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ME Bank has made a range of interest rate changes on its mortgages, though this time the news is positive for borrowers looking to secure a one year fixed rate. Owner occupiers and investors can now access ME one year fixed rates 10 basis points lower at 3.89% and 3.99% respectively.
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The banks certainly have been busy over the last month, aggressively raising interest rates on fixed rate loans, in addition to some variable rate loans.
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