In an astonishing pivot, the Reserve Bank of Australia (RBA) made a quiet July by holding the official cash rate at 4.10%. Home loans cooled their interest rate rush somewhat, much to the relief of borrowers.
Read More
Everyone’s looking for an angle into the ridiculously competitive property market. But for those hoping to avoid the emotional stress and risk of auctions, conducting ‘secret’ deals behind closed doors could be the way to go. In other words: buy off-market.
Read More%20(1).png?width=324)
The RBA’s decision to pause rate hikes earlier this month has seen most lenders hold variable rate loans—or, in some cases, actually cut home loan rates. But banks have been a bit more cautious with fixed interest loans and, in some cases, have decided to lift rates.
Read More
Is it possible to lose your home loan deposit after a property deal gone bad? The short answer is yes, you can, but it depends on where you live in Australia and the contract of sale terms.
Read More
Comparing home loans can be tricky when you’re in the thick of it. After a while, many mortgages start to feel the same and the differences can be hard to spot. Which home loans offer the best value? Which lenders have your best interest at heart?
Read More.png?width=324)
Earlier this month the RBA put a hold on the rate hike cycle, much to the relief of many mortgage holders. With rates currently sitting at an average variable rate of 6.58%, and a general feeling that we’re coming closer to the end of the hike cycle, some borrowers might be wondering if there are any banks that have begun to cut their rates.
Read More
With interest rates on the rise, the inflation of food, petrol and services also trending upwards, and the average paycheck finding it hard to keep up with these rising costs, most of us are sharply focused on how we spend our money.While it's hard to quickly increase your income, reducing your outgoings can be easier than you think by making smarter choices that could stretch your budget out further. Even small savings can quickly add up and make a big difference to your family’s budget.So if you’ve got money on your mind and are looking for some easy ways to spend less on your household expenses without making any radical changes, read through our 8 tips to help your budget go the extra mile.
Read More
The latest data from property watchdog CoreLogic reveals home values across Australia fell -5.3% in the year to June 2023. This decline flows from the significant price plummet Australia experienced nationwide last year.
Read More
Interest rates and property prices are closely related. This is because the cost of financing a home loan greatly impacts whether people can afford to buy property: more buyers, more competition, which means higher prices. While the Australian property market can be hard to predict, watching interest rates can give us a good idea of where it may be going.
Read More
Over the last two months, NAB, Westpac, and Commonwealth Bank have all announced they will lower the home loan ‘stress test’ for select refinancers from the standard 3% to 1%. For eligible borrowers, this means instead of having to qualify for mortgage rates as high as 9%, they may only have to pass 7%.
Read More