
Mortgage expert answers your silliest home loan questions
Look, we’ve all had a moment wondering something bonkers, bizarre, random – you name it. And nothing can be more confusing than the wide world of property and home loans.

Look, we’ve all had a moment wondering something bonkers, bizarre, random – you name it. And nothing can be more confusing than the wide world of property and home loans.

The thirteenth Reserve Bank of Australia (RBA) cash rate hike has pushed smaller home loan lenders to raise interest rates in November. So, where do the opportunities lie for borrowers searching for a great rate?
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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.

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.

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.

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.

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.

Not only can NRMA insure your home, but they can now help you buy one.

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.

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.