The last year has been wild – between Reserve Bank rate hikes, plummeting property prices, and cost of living pressures, many borrowers have copped it at all angles. Not to mention we’re rapidly approaching the fixed-rate mortgage cliff – yikes.
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Despite the April RBA pause, Westpac and CBA have raised interest rates on several home loan offerings. While the increases are relatively small compared to the 0.25% and 0.50% hikes that have become the norm in the last 11 months, they still indicate the banks expect rates will stay higher, or go higher, in the next few months.
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House inspections are a necessary part of the home buying process—after all, you want to know what you’re buying. However, there’s more to inspections than taking in the looks of the new place you’re thinking of purchasing.
The Reserve Bank’s continuing push with interest rate hikes has brought into focus the dilemma that borrowers now face in choosing their home loans.
National home prices rose for a third consecutive month in March, as limited supply and strong demand continue to hold up the property market, according to the PropTrack Home Price Index.
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 — may finally be coming to a close.
It’s been nearly one year since the Reserve Bank of Australia began raising the cash rate to curb inflation, taking us from 0.10% in May 2022 to 3.60% in March 2023. Many economists agree we’re approaching the end of this tightening cycle, as the economy has shown signs of contraction. But has the RBA gone far enough in its crusade to slow the economy?
If you’re refinancing your home loan, one of the most popular recommendations to check out these days is Unloan.
Saving up to buy property in today’s market can be an uphill battle. Australian homes are already some of the most expensive in the world, and when you factor in rising interest rates, it can feel like there’s no end to the challenges first home buyers face.
As property prices fall further from their peaks, young Australians looking to take out a home loan have been given a second wind, with data from Domain showing the time required to save a deposit has fallen in almost all capital cities.