Do apartments present a better opportunity for homebuyers?
The permanent security of a home is something we all strive for.
July home loan snapshot: Mortgages ice over for the winter
Against all opinions, the Reserve Bank of Australia (RBA) did not hold interest rates steady in June. Instead, the bank maintained its hawkish bias by adding another 0.25% to the official cash rate to chase down runaway inflation.
Will the RBA hike the cash rate in July 2023? CBA, ANZ, NAB, and Westpac home loan predictions
The Reserve Bank of Australia hasn’t so much pivoted as reset expectations. Last month’s interest rate decision was expected to hold the line, but the central bank surprised by adding another 25 basis points to the official cash rate.
Property ups and downs: Are you thinking of applying for a home loan?
Property sales rates are at a low by historical standards, according to Westpac’s Housing Pulse May 2023 report. To put it in perspective, the activity within the housing market is operating at about two-thirds of the peak in late 2021.
Home loan features up close: How to choose
If purchasing a home outright isn’t something you can do - perhaps because you’re not Jeff Bezos - you’re probably thinking about getting a home loan.
Housing market profile: what kinds of homes are people buying right now?
The Australian property market has led a remarkable recovery. After rising interest rates on home loans smothered growth last year, Domain now estimates home values will regain much of their former glory by 2024.
For ‘at risk’ home loans, it might be time to refinance?
More than one million mortgage holders are expected to be ‘at risk’ this month, with more to come in July, according to Roy Morgan.
Capital gains in greater capital cities may provide opportunities for homebuyers
Inner cities have always been property hotbeds, marking impressive spikes in price in the last few years. But the “most mortgaged markets”, according to CoreLogic, now lie in the outskirts of Australia’s capitals – and value growth may make them more attractive for home buyers.
Refinancing your home loan? Top refinancing tips and traps to know
Refinancing your home loan could save you tens of thousands of dollars over the life of the loan, and with interest rates on the rise, it’s little wonder why so many mortgage holders are looking to switch and save. But before you jump headlong into refinancing, there are some crucial expert tips to know for getting a great refinance deal.
Mortgage stress is hard, so here are three good reasons to call your lender now
Affording your home is important: mortgage stress can drain your finances and mental health, and evidence suggests it’s mounting in Australia.