Westpac raises fixed home loan rates for third consecutive month
Westpac has become the latest in a string of mortgage lenders to hike interest rates on a number of its fixed home loans - the third time the major bank has lifted fixed rates in 2022.
Sydney property prices fall for first time since 2020: CoreLogic
For the first time in 17 months property values in the nation’s largest and most expensive capital city, Sydney, have fallen according to new figures from CoreLogic.
March home loan snapshot: Fixed mortgage rates continue to soar
How quickly things change.
CBA has lifted fixed home loan rates again
For the second time this month the Commonwealth Bank has announced increases to fixed interest rates on a number of its home loan products - this time by between 15 and 25 basis points.
Customer-owned bank introduces 40-year mortgage for first home buyers
Queensland-based banking and insurance provider RACQ announced it has introduced 40 year terms on select home loans, joining only a handful of Australian lenders that offer home loan terms of that length.
First Home Super Saver cap to be increased to help Aussies save a deposit
The maximum amount of superannuation that Australians can dip into to purchase their first home will soon be bumped up by $20,000, following the passage of new legislation last week.
Westpac raises fixed home loan rates for second time in three weeks
The deluge of hikes to fixed interest home loan rates show no signs of letting up, with major bank Westpac adding to the swell this morning by increasing rates by 10 to 30 basis points on a number of loans.
ANZ follows fellow major banks with fixed home loan rate hikes
Australia’s fourth largest bank, ANZ, has lifted interest rates on several fixed home loans by between 10 and 40 basis points, becoming the last of the big four banks to do so in recent weeks.
Renters hit with price jumps in 2021, property owners benefit
Last year, national rental prices saw an increase of 7.4%, making it the highest growth year since 2009. And now the average rental property in Australia is at $499 as of December 2021 compared to $465 in December 2020, says Domain's latest Quarterly Rent Report .
NAB joins CBA and Westpac in raising fixed mortgage rates
National Australia Bank (NAB) has become the latest major bank to increase interest rates on its fixed rate home loans, bumping up rates by between 10 and 20 basis points this morning.