First homebuyers lunge for the property ladder
There's been some doom and gloom around the property market in recent months, chiefly because demand is said to have dropped. Demand really drives real estate, especially when it’s from investors.
Neobank 86 400 slashes home loan rates, introduces $2,000 cashback offer
Digital lender 86 400 has announced a number of changes to its suite of home loans this morning, including rate reductions on fixed mortgage offers and a new $2,000 cashback offer.
COVID-19 property moves: 320,000 Aussie homeowners defer mortgages
The Australian Banking Association (ABA) has recorded more than 320,000 applications for home loan deferrals in the wake of the coronavirus. This comes after banks in March began offering financial hardship relief to customers affected by COVID-19, including loan deferrals of up to six months.
April home loans snapshot: Here’s where fixed and variable rates now stand
It’s been over two months since the Reserve Bank’s first interest rate cut in March, but the fallout is still being recorded with home loan rates continuing their downward trajectory throughout April.
On-site auctions to recommence as restrictions ease in NSW
After a six week ban, the NSW property industry will be given the green light to resume property inspections and on-site auctions this weekend.
CBA mortgage customer? You may have just been moved to minimum repayments
Starting today, the Commonwealth Bank (CBA) will automatically switch 748,000 home loan customers onto the minimum repayments required to service their loans.
1,000 CommBank customers have already bought property using First Home Loan Deposit Scheme
Commonwealth Bank announced it hit a major milestone yesterday after 1,000 of its customers purchased a property using the First Home Loan Deposit Scheme (FHLDS), which launched at the beginning of this year.
Have rate reductions made it time to ‘fix and forget’ your home loan?
A month on from the Reserve Bank of Australia’s (RBA) March Emergency rate cut and the dust has well and truly settled, revealing a substantial shift in the fixed rate home loans market.
My mortgage is suddenly too much to pay, what are my options?
If you’ve suddenly found yourself struggling to make your mortgage repayments due to the current crisis, there are a few things you can do to ease some of that stress.
3 quick takeaways from the ACCC interim report on home loan pricing
The Australian Competition and Consumer Commission (ACCC) has this afternoon released an interim report into home loan pricing by Australia’s big four banks.