What is Labor’s Regional First Home Buyer Support Scheme?
With housing affordability on many Aussies’ minds, it’s no surprise that Labor has proposed several housing policies to combat skyrocketing property prices.
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Is now a good time to sell your property? Pros and cons of selling in a falling market
This year’s spring selling season seems to have wilted. Despite CoreLogic reporting plenty of new listings hitting the market over September, successful sales and prices lagged behind averages. Properties sat on sale for longer (33 days) while vendor discounts fell to a nationwide median of -4%.
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Why do investors pay more for a home loan?
Investing in property has amazing benefits, from rental income and tax deductions to impressive capital gains. But even a casual browse of home loans reveals that investors tend to get saddled with higher interest rates than owner-occupiers. What gives?
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Can you still get a home loan rate starting with a ‘3’?
Rate rise pain is setting in for millions of Aussie home borrowers, and the Reserve Bank is forecast to continue raising rates in coming month. While the golden era of record low home loan rates is well and truly over, the good news is that it’s still possible to find super-low variable home loans under 4.00%.
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Rate rises could reduce the amount you can borrow on a home loan by 20%
While the impact of rising interest rates on existing borrowers is well publicised, those purchasing a home will also be forced to make adjustments, namely settling for a smaller loan.
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Will the RBA hike the cash rate in October 2022? Westpac, CBA, ANZ, and NAB home loan predictions
With four months of 0.50% hikes behind us, many home loan borrowers dread another hefty rise in October. Previously, the Big Banks predicted a more temperate path for interest rates over summer of 0.25% apiece, but new forecasts suggest the heat is on.
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ING, Bendigo Bank among lenders to pass on full 0.50% rate hike
In response to the Reserve Bank of Australia’s decision to lift the cash rate by 50 basis points this month, several lenders including ING and Bendigo Bank have announced plans to increase their variable home loan rates.
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Fintech launches a new low-deposit avenue to home ownership
Buying a house is a dream for lots of Australians, but the path to ownership may seem almost impossible for many.
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Government to free up housing for young families by helping pensioners downsize
The federal government has introduced new legislation aimed at helping pensioners downsize their homes, which it hopes will make more housing supply available for young families.
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Property plummets as home loan costs rise: will the RBA hike the cash rate in September 2022?
What used to be a shock now comes as routine. After three massive 0.50% rate hikes in a row, property prices have plummeted and home loan holders are feeling the squeeze.
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