In positive news for home borrowers, some of Australia’s top mortgage lenders are slashing home loan rates to new lows in a bid to entice home buyers and growing numbers of bargain-hunting refinancers keen to secure a better deal on their mortgage as protection against future Reserve Bank rate rises.
If you’ve spent some time researching home loans lately, you’ll no doubt be aware that it can be a time-consuming and sometimes downright confusing task. With over 500 home loans from 80 plus lenders in the Mozo comparison database, you’d need more than a coffee break to research them all.
The Commonwealth Bank (CBA) is the latest in the lending pack to make changes on its home loan interest rates, lifting fixed rates by as much as 30bp while lowering variable interest by 10bp.
Dude, 1991 was wild. NASA launched the Hubble space telescope, printed jumpers were king, and houses near Bronte Beach in Sydney only cost $307,729. Them’s were simpler times.
Sometimes you’ve got everything in place: a pre-approved home loan, an agent, and a dream. But given Australia’s ridiculously competitive property prices, it’s easy to feel like young first home buyers have limited opportunities.
The Australian Bureau of Statistics (ABS) has officially confirmed what we all guessed in 2021: housing prices went kaboom.
Digital lender OneTwo recently slashed rates on its variable home loan offer, putting it among the most competitive home loans in the Mozo database.
We’re back with our housing market crystal ball, deciphering the latest prophecies from Corelogic .
Throughout the pandemic period, Aussie borrowers have had access to some of the lowest fixed rates on record. But in the past few months lenders have been quietly removing those offers from the market.
Housing affordability in Australia continued to worsen over the December quarter, with recent research putting the proportion of income required to meet home loan repayments at 37 per cent.