Home loan increased this month? See if you could save by refinancing
The December Reserve Bank of Australia (RBA) rate hold last week was the ointment to last month’s 25 basis-point sting in the wallets of homeowners around the country.
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.
Hot 100 suburbs in Australian property market for 2024
Ready to become a home buyer? The Australian property market is a wonderful but volatile place. Home prices soared 5.5% last year nationwide and are expected to fly higher in 2024, despite high home loan interest rates.
Will 2024 be the year of the "bridesmaid suburb" for homebuyers?
The property market has been hard to get a fix on in 2023. Despite the higher cost of living and slumping consumer sentiment, property prices in popular areas have continued to climb.
Domain tips 2024 as a record year for house prices + top 5 market predictions
Property market predictions for 2024 tip the new year as a winner for existing homeowners, as affordability grows worse for have-nots, according to Domain.
House prices rose 5.5% in 2023, says PropTrack
Interest rates who? According to property watchdog PropTrack – the research arm of realestate.com.au – Australian housing values grew 5.5% throughout 2023, despite housing affordability plummeting to “its lowest level in decades.”
Does HECS-HELP debt affect your home loan borrowing power?
HECS-HELP loans have empowered many Australians to go to university and achieve higher-paying careers. But can taking on student debt hurt your chances when applying for a home loan?
Will the RBA hike the cash rate in December 2023? CBA, ANZ, NAB, and Westpac home loan predictions
Mortgage lenders have wasted little time in passing along the November Reserve Bank rate hike – a hike that broke a five-month dry spell for home loans.
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Buying a home over summer: home loan rates, repayments and more
As we sit on the cusp of summer and the twilight days of 2023, some prospective home buyers might be wondering if now is a good time to get onto the property ladder.