Teachers Mutual Bank home loans up for grabs under the FHLDS
Teachers Mutual Bank has announced it will be participating in the second release of the First Home Loan Deposit Scheme (FHLDS), with applications opening today.
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Housing prices down 0.7% nationally, 0.8% in capital cities
The coronavirus pandemic continues to chip away at property prices, with the CoreLogic Home Value Index recording a decline of 0.7% in June - the second month in a row it's seen prices drop. Among capital cities, dwelling values fell by 0.8% over the month, led by both Melbourne (-1.1%) and Perth (-1.1%). Sydney saw the third largest decline, with prices down by 0.8%. Adelaide and Brisbane were relatively spared, recording price drops of just 0.2% and 0.4%, respectively. Meanwhile, indices for Hobart, Darwin and Canberra showed slight increases of between 0.1% and 0.3%.CoreLogic head of research Tim Lawless said the impact of the coronavirus pandemic on property prices has so far been mild, and year-on-year growth remains strong for most capital cities. “The twelve month change in home values remains in positive double digit territory across Sydney (13.3%) and Melbourne (10.2%),” he said. “The only capitals where values show declines on an annual basis are Perth and Darwin, but even across these cities, home values were early into a recovery phase pre-COVID."
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Bank of Us and Homestar take fixed mortgage rates to new lows
Online lender Homestar and Tasmanian-based Bank of Us have proven that there is no floor when it comes to fixed rate loans, with both lenders dropping seriously competitive offers in the last few days.
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Property price drops: In which areas can you find a better deal?
The coronavirus pandemic and ensuing restrictions have sent shockwaves throughout the economy, and while the property market has proven to be remarkably resilient so far, it hasn’t been completely spared.
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ING offers relief to variable rate customers, cuts rates by 0.19%
After being crowned Australia’s best bank in the 2020 Mozo Experts Choice Awards, ING has given Aussies one more reason to get on board, reducing variable home loan rates by 0.19% this morning.
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Property investment: More rentals in Sydney and Melbourne, what next for investors?
The number of advertised rental properties in Australia’s two largest cities, Sydney and Melbourne, have ticked up once again according to new estimates from CoreLogic.
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First Home Loan Deposit Scheme: How to secure your spot
The next round of the First Home Loan Deposit Scheme will go live on 1 July. That means a further 10,000 places will be made available for Australians hoping to take their first steps up the property ladder.
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ING lifts rates: Is the time coming to fix your home loan rate?
Australia's fifth largest mortgage lender, ING, has increased interest rates on a number of its sharpest fixed home loans today.
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First Home Loan Deposit Scheme: 1,000 NAB customers buy property
Today NAB announced the major milestone of 1,000 customers purchasing property through the First Home Loan Deposit Scheme (FHLDS).
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Has Reduce Home Loans just launched the lowest variable rate mortgage in Australia?
Just when you thought rates couldn’t get any lower, online lender Reduce Home Loans looks to have taken variable home loan interest rates to a whole new level with its new Super Saver Variable mortgage.
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