October RBA cut: Which banks have cut home loan rates already?
It’s been two days since the Reserve Bank board made the call to lower the official cash rate from 1.00% to 0.75% - an historically low rate in Australia.
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Big banks announce cuts following RBA decision, but it’s smaller lenders you should be watching
In the 24 hours since the RBA cut the cash rate, we’ve seen a flurry of activity on the home loan front as banks and lenders scramble to revise their interest rates.
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CommBank eases some restrictions on property investor loan applications
CommBank has announced that it will begin accepting applications from investors looking to refinance principal and interest loans once again, effectively reversing the suspension the bank placed on these types of borrowers just three months ago.
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Housing prices to tumble: Can we expect any turnover in the property market?
It wasn’t that long ago that property prices were edging upwards, but the stop in commercial activity and widespread job loss caused by the coronavirus pandemic has since seen confidence in the property market take a nosedive.
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How to make your property move during lockdown
In the uncertain economic environment caused by COVID-19, you may be avoiding any big financial moves like buying a house or looking for a new rental. The inability to personally inspect properties or attend auctions in most circumstances is also slowing down real estate action, even as the industry finds innovative ways to continue operating.
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Compare & switch in self-isolation with these 3 refinance home loans
Over the past few weeks, we’ve unfortunately seen countless Aussies lose their jobs or have their pay cut due to the new restrictions in place to help slow down the spread of COVID-19. Inevitably, many people are tightening their budgets and setting aside money to create a safety buffer.
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Opportunity for strong property recovery post-Coronavirus
While property transactions have seen a considerable downturn during the Coronavirus lockdown, Australians are keeping a keen eye on the residential market, according to REA’s executive manager of economic research Cameron Kusher.
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ING imposes tougher lending restrictions for ‘high risk’ borrowers
ING will be tightening its lending criteria for Aussies with high risk jobs looking to take out a home loan.
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Aussie refinance savings average $2,600 a year
If you’re one of the many Australians trying to tighten expenses right now, you’re probably already cutting down on unnecessary costs and looking for easy ways to save.
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NSW Government commits $440 million to rental relief during COVID-19
The New South Wales State Government has announced a $440 million rental relief stimulus package for landlords and tenants, splitting support evenly between residential and commercial leases.
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