Macquarie slashes fixed rates on Basic Home Loan offering
The Mozo database recorded some significant cuts to one of Macquarie’s fixed rate home loan offerings.
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What is the average rent in Australia in 2024?
This article has been updated to reflect Domain's June 2024 Rental Report , as well as data collected for the 2024 Mozo rental report .
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More homes are for sale in Sydney and Melbourne, July data shows
Total property supply is at its highest level across the combined Australian capitals for the month of July, according to the latest data from Domain.
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Rise in first-home ‘rentvestors’ as Aussies take alternate path to homeownership
More and more Australians are turning away from traditional pathways to homeownership in favour of ‘rentvesting’ – buying an investment property as their first home purchase, whilst continuing to rent.
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RBA holds cash rate in August, as inflation meets expectations
The Reserve Bank of Australia (RBA) has today held the official cash rate at 4.35% after the Consumer Price Index (CPI) recorded a slight drop in trimmed mean inflation over the June quarter of 2024.
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Well Home Loans slashes fixed and variable rates to smashin’ new lows
There may be no 2020 RBA cut just yet, but one Aussie online lender isn’t wasting any time. Well Home Loans has swept its competitors aside with two surprise rate slashes that now make its fixed and variable home loans some of the best in the market.
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NAB cuts 3-year home loans ending Big Four fixed-rate stalemate
Today, NAB cut its 3-year fixed rate home loan by 0.60%, marking the first time a Big Four bank has shifted fixed rates since the Reserve Bank of Australia (RBA) hiked the cash rate to 4.35% in November 2023.
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3 states where there are more new homes to buy
The number of new homes to be built in Australia rose in May, though approvals were mostly for units, based on the latest data from the Australian Bureau of Statistics (ABS).
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Newcastle Permanent cuts 0.10% p.a. off variable rate home loan
Newcastle Permanent has cut the interest rate on select variable rate home loans by up to 0.10% p.a., with its Real Deal Home Loan (LVR <80%) dropping to 6.09% p.a. (6.13% p.a. comparison rate*).
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Winter’s home auction slowdown can offer a window for property buyers
There were 1,747 property auctions recorded across Australia last week, which represents the lowest count since the King's Birthday long weekend in mid-June, says Corelogic.
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