Despite the Reserve Bank of Australia (RBA) holding the cash rate at 4.10% since June 2023, home loan lenders continue to chop and change their interest rates, meaning new opportunities for borrowers to refinance are always cropping up.
Confused about how a home loan works? You’re not alone. Google is full of silly and awkwardly worded questions about mortgages and the property market, so let’s have another look at some of the funniest – and get some serious expert answers.
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Australia’s national rental vacancy rate fell 0.6% down to 1.06% in September according to the latest PropTrack Market Insight Report. It also found that vacant properties are now 55% below March 2020 levels.
Saving and spending are two key parts of money management. Right now, we’re in a high-interest-rate environment, meaning home loans, savings accounts, and term deposits are all much loftier than they used to be.
First home buyers might have a window of opportunity to get on the property ladder with a smaller home loan. Domain reports that median unit prices have fallen in some of Sydney’s hottest suburbs, such as Glebe, Chippendale, and Redfern, by -10% to -19% in the last five years.
CoreLogic's September Home Value Index (HVI) recorded a 2.2% growth in national home prices over the quarter, but zooming in to focus on the nation’s capitals reveals one city is resisting the trend.
So you’ve decided to sell your property. You’ve enlisted the help of an agent, set a price guide, put it on the market…and you’re still waiting. Maybe you’ve had a few interested nibbles, but no one’s buying what you’re selling. What’s going on? And what can you do about it?
New consumer research from Mozo uncovers that many Australians are seeing large amounts of their monthly income swept away by home loan repayments, in what’s being dubbed a ‘mortgage cyclone’.
New research from Roy Morgan found that a record number of Australians with a home loan were at risk of falling into mortgage stress in August 2023.
Have you ever wondered who among the glitterati are good at investing their money?