Lenders cut variable rates to record-breaking lows
In positive news for Australian home borrowers and refinancers this month, fierce competition amongst lenders has seen the average variable home loan rate drop to a new low of 3.05%.
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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.
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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.
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March home loan snapshot: Fixed mortgage rates continue to soar
How quickly things change.
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Australia's cheapest home loans revealed for 2022
Finding a cheaper home loan could mean the difference between tens of thousands of dollars in interest saved over the life of a loan, but Aussie borrowers can be forgiven for finding it hard to pick the best value option given the mountain of different lenders and rates available.
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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.
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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.
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Home loans that allow unlimited extra repayments
For most people, paying off a mortgage will be a decades-long task. While the prospect can seem daunting, there are things borrowers can do to shorten the life of their loan — and save on interest in the long run. One of those things is making extra repayments.
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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.
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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.
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