Where are we with Australia’s property? Westpac offers some insights
Below are a few highlights from the latest Westpac Housing Pulse report, which offers a quick view of the property market, prices, home loan interest rates and general trends.
Want a smaller home loan? Consider regional property spots below $650,000
It’s true that in the big cities, median property prices are very high and the home loan required for such properties is a sizable ask.
Mortgage stress is up - again: Here’s how to avoid higher home loan repayments
Mortgage stress among Aussies increased in January to a record high of more than 1.6 million, says Roy Morgan.
How to shop for a home loan in 2024
Finding the right home loan takes time. And so it should. It’s a big commitment to buy a home.
Fewer young Aussies own a home now - how to beat the odds
Owning a home in Australia remains an aspiration for many - the Great Australian Dream is still a dream.
How to form a home buying strategy and make your home loan more affordable
On most homes in Australia you’re required to put down a deposit, typically around 20% of the property’s value.
In a tight rental market, investor home loans could be the buyer’s way in
Look, it’s no secret that renters are doing it tough. The average rent in Australia has catapulted to just shy of $600 a week. (In cities like Sydney, it’s more like $750).
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Fixed rates fall in Feb: should I lock my home loan rate or wait?
In February, fixed-rate home loans are coming down across the board, thanks to the shifting tides of inflation and the increasing likelihood of a Reserve Bank interest rate cut later in the year.
Home loan refinancing rose 11% during interest rate hikes
Australians borrowed $301 billion to fund property purchases in the 2023 calendar year, with the aggregate value of new home loans declining 13% from the previous year, according to research by online property settlement firm PEXA.
9 date ideas you could afford after refinancing your home loan
Let’s be real: time with a special someone is excellent. And spending smart so you can spend more time with said loved one? Priceless.