An Auswide Bank home loan promising to reflect future RBA cash rate changes has entered the market for owner-occupiers today. There is one catch - if the cash rate falls to 0% or below, customers will be charged interest at a fixed margin instead.
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Investors are snubbing houses in Sydney for Brisbane’s higher rental returns, according to a recent survey quizzing those already on the property ladder.
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The Sydney property market has recorded a high clearance rate of 85.1% over the weekend, according to Domain - but property prices remain out of reach for some first home buyers.
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Big four bank Westpac announced it would reduce discounts on several home loan packages by 0.2 basis points for new owner-occupiers and investors yesterday.
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CUA has recently launched its first ever ‘investor only’ home loan, easing restrictions around lending to investors, and opening the door for more Aussies to snap up an investment property.
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