The new magic home loan number: Are you paying too much?
Mortgage repayments are the biggest household expense for many Australians, and also a prime target for big potential savings, especially now that interest rates are on rise.
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Slowing auction rates indicate red-hot Australian housing market might be cooling down
Alongside another unseasonable spate of rainfall, the flash-hot Australian housing sector has experienced a week of cooling off.
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Green home market check-in: Aussies keen for sustainable houses, but price affordability may hold them back
With Australian homes producing 13% of the country’s greenhouse gas emissions, it’s no surprise that Aussies are keen to find greener options for their property and finances.
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Home loan costs skyrocketing: will the RBA hike the cash rate in July?
The Reserve Bank of Australia (RBA) has responded swiftly to soaring economic inflation, hiking the official cash rate 0.75% in the last two months alone. The movements brought interest rates back up to pre-pandemic levels and spelled much anxiety for home loan borrowers, many of whom were already feeling the squeeze from the rising cost of living.
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Property market check-in: Aussies are searching for granny flats and gardens, shows new report
The pandemic’s influence on the property market is being felt in more ways than one, shows a new report from Domain on the NSW housing market.
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First home buyers in NSW get land tax option - how does it work?
NSW Premier Dominic Perrottet has confirmed that eligible first-time borrowers will have the option of paying stamp duty or an annual land tax, starting 16 January, 2023.
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CBA and ANZ hike fixed home loan rates ahead of June RBA decision
On the heels of NAB and Westpac’s rate hike announcements only last week, the rest of the Big Four banks have joined in the frenzy. Today, Commonwealth Bank and ANZ escalated interest for their fixed rate owner-occupied home loans by as much as 0.80%.
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Westpac raises fixed home loan rates by up to 80 bp
Today, Westpac announced a series of hikes to its fixed rate Premier Advantage home loans, making it the first Big Four bank to lift fixed interests this month. The changes will affect both owner-occupier and investment products and vary between 80 basis points on 1-year terms and 30 for 5-year terms.
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Housing market cooling off? High withdrawals and low sales could spell slowdown
Ever been so unpopular you straight up took yourself off the market? Turns out this was the case for a startling number of sellers this week, with nearly one in five Sydney properties withdrawn against a middling success rate of only 62%.
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Comparing Liberal and Labor's housing proposals: which one will actually solve housing inequality?
Home ownership rates have been falling for decades, especially among younger and poorer Australians. And the latest property boom has made the prospect of buying a home seem even more distant for many.
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