Property prices set to rise: Should I buy now with a 5% deposit home loan?

Monday, 9 November 2020

With housing prices and rental yields on their way back up, many Australians are keen to snag a piece of the investment property market pie. In fact, 26% believe now is the best time to invest, according to recent ING research. But if you’ve been struggling to raise the standard 20% deposit, the big question for you may be whether it’s a good idea to climb the property ladder with as little as 5% saved up. Let’s take a look at the pros and cons.

HSBC, Macquarie, Suncorp and UBank latest lenders to respond to RBA cut

Last updated Friday, 6 November 2020

It’s been three days since the Reserve Bank reduced the official cash to a new low of 0.10%, yet the response from home loan lenders could be described more as trickle than a flood.

Best home loans to crush your mortgage in 2021

Wednesday, 4 November 2020

If saving money on your home loan in 2021 is what you’re after, then you've come to the right place. Discovering a great value home loan could mean the difference between tens of thousands of dollars saved in interest over the course of your loan, but in practice it can be hard to find the best option amongst the dozens of different lenders and rates on the market.

How have ANZ, Commonwealth Bank, NAB and Westpac responded to the November RBA cut?

Last updated Wednesday, 4 November 2020

The official cash rate has been reduced once again, this time by 15 basis points to a new record low 0.1% following the Reserve Bank Board’s November meeting yesterday afternoon.As usual, the ball is now in lenders' courts, with homeowners across the country waiting eagerly for news of changes to their home loan rates.So, how have Australia’s largest banks - ANZ, Commonwealth Bank, NAB and Westpac - responded to this latest rate cut? We’ve wrapped up their moves below.

Tic:Toc joins the fight for lowest variable mortgage rate with 20bp cut

Last updated Tuesday, 27 October 2020

Online lender Tic:Toc has reduced its Variable Home Loan rate by 20 basis points this morning, placing the offer among the lowest variable home loan rates currently on the market.

Why a 1% difference in your home loan rate matters

Wednesday, 21 October 2020

Are you paying the lazy tax? Whether it’s your electricity bill, phone plan or car insurance, it can be so easy to stick with the same provider and plan year after year - especially if you think you’re getting a good deal.

Buying a house vs an apartment: 5 factors to consider

Monday, 19 October 2020

Are you a fast-paced city explorer or a breezy country cruiser? This could have a big impact on the kind of home you choose and plunge you into the age-old debate of if apartments or houses are a better buy.But before you can crack on with the financial rebuttals and then settle on a top-value home loan, you’ll want to figure out which dwelling suits you best. So, we’ve laid out a few key areas to address before you dive into analysing the property spectrum.

Are online lenders safe?

Last updated Friday, 9 October 2020

Like other banks and financial institutions, online lenders must adhere to certain laws and regulations laid out by regulatory bodies. In particular, they have to take steps to ensure it’s not beyond a borrower’s means to pay off a loan, as well as provide borrowers with relevant information to make informed decisions along the way.Online lenders that are also authorised deposit-taking institutions (ADIs) are regulated by the Australian Prudential Regulation Authority (APRA). Some examples are 86 400, ING, and UBank. Many online lenders don’t have an ADI license however, as they’re not in the business of providing savings accounts or term deposits. These include Athena Home Loans, Homestar, and loans.com.au.While non-bank lenders aren’t regulated by APRA, they’re still subject to strict credit legislation, and can be ruled on by the Australian Securities & Investments Commission (ASIC) if they’re found engaging in misleading or deceptive conduct.

October home loan snapshot: ING and CBA cut rates, lenders launch LMI waivers

Thursday, 1 October 2020

Spring has sprung which means the property market has started to heat up, but so too has the home loan market, with lenders making a series of cuts in recent weeks and more likely to come in the month ahead.

People’s Choice Credit Union brings variable rates to new lows

Last updated Tuesday, 29 September 2020

Competition on the home loan front continues to heat up, with People’s Choice Credit Union recently dropping interest rates for its Basic Variable Rate home loan to new lows.The offering currently sports a variable rate of 2.49% p.a. (2.49% p.a. comparison rate*), which is available to owner occupiers making principal and interest repayments. For comparison, the average variable home loan rate in our database currently sits at 3.36% p.a.There are no upfront fees and plenty of useful features to help you save on interest, such as the ability to make unlimited extra repayments. You’ll also be able to redraw any extra amounts you’ve repaid on the loan if you feel they’d be better served back in your pocket.Along with the Basic Variable Rate, PCCU is also offering a number of attractive fixed rate home loans, including the First Home Buyer Fixed Rate Loan (Package). This comes with a 1.99% p.a. 1-year fixed rate (3.91% p.a. comparison rate*), and is available to borrowers who have never previously owned a residential property.We’ve included an overview of three PCCU home loans below, but for a full list of offerings from the credit union, along with customer ratings and reviews, be sure to visit our PCCU home loans page.

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