The Reserve Bank of Australia surprised the market in May with another 0.25% rate hike, but the market astonishes even more. In the last two days, many online lenders funded by Bendigo and Adelaide Bank have made sweeping changes to their variable offers for new customers, most at or over 0.30% p.a.
%20(1)%20(1)%20(1)%20(1)%20(1)%20(1)%20(1)%20(1)%20(1)%20(1).png?width=324)
The risk of a recession could be as high as 80% over 2023 and potentially 2024, according to internal Reserve Bank of Australia (RBA) research released under a freedom of information request.
The National Housing Finance and Investment Corporation (NHFIC) has announced a new housing program for low-income women in ACT.
Home loan customers will be interested to know that some banks are ending their current cashback offers for refinance home loans.
Australian capital cities have experienced the strongest annual rental increase in history, says CoreLogic.
%20(1)%20(1)%20(1)%20(1)%20(1)%20(2).png?width=324)
We’ve heard for a while now that we’re in a housing affordability crisis, and many Aussies feel like home ownership is increasingly becoming out of reach for them.
Everyone knows about home loan interest rates, especially since they’re quite high at the moment. But if you’re just starting your property-buying journey, what other features should you consider in a mortgage? What are the pros and cons? And why does your lender offer them in the first place?
After ten consecutive rate rises, the Reserve Bank of Australia astonished home loan borrowers with a dovish pivot in April, voting to leave the cash rate on hold at 3.60%.
.jpg?width=324)
The Reserve Bank’s relentless rate hike campaign — which commenced in May last year and has brought the cash rate to its highest level since 2012 — paused last month. Giving homeowners a temporary reprise from watching their monthly mortgage repayments increase.
%20(1)%20(1)%20(1)%20(1).png?width=324)
As the consumer price index eases down to 7%, banks are increasingly looking at cutting their fixed interest rate loans with the expectation that the Reserve Bank of Australia (RBA) will continue to halt the cash rate.