Westpac hikes rates on fixed home loans
Westpac has become the latest lender to lift interest rates on a number of its fixed home loans after announcing a 10 basis point increase yesterday.
CBA and ING join mortgage rate cut rush
Two of Australia’s largest lenders, Commonwealth Bank and ING, have joined the growing list of lenders which have recently reduced variable home loan rates after announcing cuts last Friday.
New kitchens and living rooms: Lockdowns boost home renovations
As anyone who has recently walked around their neighbourhood will be able to attest to, there seems to be no shortage of home renovations going on at the moment. At least, the number of utes parked in streets and scaffolding on houses would point towards that.
APRA plans to clamp down on housing market in coming months
The Australian Prudential Regulation Authority (APRA) is currently weighing up strategies to cool down the nation’s housing market, citing concerns about growing risks to the economy.
homeloans.com.au launches a new Green Loan
Due to the growing environmental concerns, lenders have been launching green loans to help customers make their homes more energy-efficient and eco-friendly.
Housing sales have reached a 12-year high, says CoreLogic
In the year to August, CoreLogic estimates there have been 598,000 house and unit sales across Australia.
Athena calls out the 'loyalty penalty rort' costing Australian borrowers billions
Australian homeowners want to see change to the two-tier system in which many lenders prioritise new mortgage customers over old by way of lower interest rates.
P&N Bank has a new $3,000 cashback offer, and it’s not just for mortgage refinancers
Western Australian-based P&N Bank has joined a growing list of Australian lenders offering extra incentives to home loan customers with the launch of a new cashback offer.
How does land affect the cost of property?
A property’s cost may be affected by the size, shape and location of the land it sits on. Having property with a lot of land doesn’t immediately equal having high property value though. There are several factors that come into play when assessing the land-to-asset ratio. But the most important is location.