1 in 14 Australian mortgages now deferred as COVID-19 impact continues

Monday, 18 May 2020

Updated figures from the Australian Banking Association (ABA) reveal that 1 in 14 mortgages across the country have now been deferred as a result of the fallout from COVID-19.

Property wrap-up: Rental vacancies climb as market faces biggest blow in decades

Friday, 15 May 2020

The coronavirus pandemic and resulting economic fallout have dealt a serious blow to the rental market, with the total number of vacant residential properties in Australia now at 88,688, according to data from SQM Research.

Customer owned banks hit First Home Loan Deposit Scheme milestone

Tuesday, 12 May 2020

Over 1,000 Australian first-time buyers have already purchased homes this year under the Federal Government’s First Home Loan Deposit Scheme (FHLDS) using a customer owned bank.

First homebuyers lunge for the property ladder

Tuesday, 12 May 2020

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

Thursday, 7 May 2020

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

Thursday, 7 May 2020

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

Wednesday, 6 May 2020

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

Monday, 4 May 2020

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

Friday, 1 May 2020

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

Thursday, 30 April 2020

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.

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