How have CommBank, ANZ, NAB, and Westpac responded to the November RBA rate hike?
The Reserve Bank of Australia has delivered another aggressive 0.25% rate hike to the economy, bringing the official cash rate to 4.35%.
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4 good home loan discounts to consider switching for this month
Word on the street is that the RBA may be planning one more rate hike. However, borrowers who are already feeling stretched can improve their situation by refinancing their home loan to a lower rate.
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Australians are sick of renting and want in on property
New research shows Australians are keen to get a foot on the property ladder as soon as possible, citing the cost of rent and increasing home prices as the impetus.
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Will the RBA hike the cash rate in November 2023? CBA, ANZ, NAB, and Westpac home loan predictions
Well, the rate hold was nice while it lasted. The latest quarterly inflation data has spooked economists and experts at the Big Four Banks. Now, half the market believes the Reserve Bank of Australia will increase the cash rate in November 2023 for the first time in five months.
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Variable rates shift and fixed rates lift in October
October saw a flurry of home loan interest rate adjustments, with variable rates shifting up and down, and longer-term fixed-rate home loans bearing the brunt of rate rises.
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November home loan snapshot: RBA rate hike looms over Melbourne Cup.
Economists are placing bets for Cup Day, and odds are home loans may have a shock in November. Inflation and the weather have started to warm again headed into summer, so now there’s a greater than none chance the Reserve Bank of Australia will hike the cash rate another 25 basis points to 4.35% – another decade high.
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How does NRMA’s new home loan compare to the competition?
Not only can NRMA insure your home, but they can now help you buy one.
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Property values could reach new price peak in two months, new Domain report shows
Great news for homeowners, bad news for home buyers: Domain says house and unit prices in Australia’s capital cities will fully recover value lost in the 2022 downturn by the end of 2023 – in two months.
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Australia has a housing problem. Are granny flats the solution to the crisis?
Like many other developed nations, Australia is grappling with a housing crisis. The combination of soaring rental rates, a growing number of single-occupant households, and increasing migration levels have resulted in a severe shortage of affordable housing options, creating a supply-demand imbalance.
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Somehow the property market is good for both buyers and sellers right now
Usually, the property market leans one way or another. It’s either great for sellers seeking capital gains because there’s lots of competition, or it’s great for buyers because there are a lot of homes for sale and not much demand – meaning you could grab a property with a cheaper home loan.
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