First home buyer activity roared back to life by the end of 2023, after a comparatively slow start to the year, and a 2022 riddled with aggressive cash rate hikes and rising inflation.
If you’re looking to get into the property market in 2024, a question you’ll have to ask when you compare home loans is whether to go with one of the bigger banks or a smaller lender.
For many Australians, repaying a home loan is one of the most expensive yet important things they do. For first-home buyers, a mortgage invests in their future and housing security. For investors, it’s a nest egg and income stream.
Whether you’re at the stage of working out how much you can afford or you’re ready to compare home loans, it never hurts to have some expert tips at your disposal – especially if you’re unsure about how to buy your first home.
Hello 2024, how are you? We’re two days into the New Year and not much has changed in property and home loans since last year – but last year still brings us changes, nonetheless.
Online lenders are back with a roar, taking on the banks with competitive low rates and responding to consumer demand for faster, more efficient approval and funding processes for home loans, personal loans and even business loans.
According to CoreLogic, property prices have risen by +8.3% in the last year – more than completely recovering their -7.5% fall in 2022. Now, between interest rate rises and prices, home loan affordability is top of mind for Aussie home buyers.
If you’ve been looking to refinance to a competitive rate with flexible features, Qantas Money’s ground-breaking home loan is here to show you that you can expect more.
If you’re one of the millions of mortgage holders who has built up substantial equity in your home, you may not know it, but there is a battle taking place right now for your home loan. With home loan interest rates steadily increasing some challenger banks and lenders have been tweaking their home loans and are offering borrowers with low loan-to-value ratios (LVRs) lower interest rates, loyalty bonuses and even cashback in a bid to woo them away from the Big 4, where the current average^^ owner-occupier variable home loan rate sits at 7.29%.So, if you’ve been feeling the pinch of higher repayments lately and you’re likely to qualify for refinancing, take a closer look at what these loans have on offer to see how they stack up...
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