Home loan monthly payments could now cost over $7,600 for the median Aussie house
The Australian property market has fully recovered from the 2022 downturn, reports Domain.
Home loan help: Why are first home buyers still turning to Mum and Dad?
The 'Bank of Mum and Dad' really took off in 2021, when the data showed spiking property prices were being met with a significant financial boost from Aussie parents.
New first home buyer loans up 20 per cent over last year, says ABS
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.
Time to switch home loans? Let’s check the pros and cons of smaller lenders in 2024
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.
Why 2024 is the year to switch home loans
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.
Here’s why home loan borrowers could be leaving Big Banks like CBA
Australia’s biggest home loan lenders just got a little bit smaller.
January home loan snapshot: New Year, new property market?
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.
Home loan costs: How much do you need to buy Australia’s most affordable suburbs?
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.
Up just lowered its fixed home loan rates by up to 0.65%
In an era of lenders raising rates, any cuts are always worth a look. Today online bank Up slashed interest rates on its fixed home loan terms by up to 65 basis points.
3 most popular types of home loans right now
The latest data from the Australian Bureau of Statistics (ABS) shows the value of new home loan commitments was up 5.4% in October 2023. That’s a lot of new mortgages to pay off, despite an expensive housing market and a hefty ton of RBA rate hikes.