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.
Reluctance to haggle could cost Aussies $6k in household expenses, Mozo research finds
Despite the opportunity for more long term savings, research from Mozo has revealed that Aussies are three times more likely to haggle for a lower price on white goods than they are on ongoing household expenses, such as home loans and energy deals.
Here’s why you should hold off on renovating your home this Christmas
Whether you feel particularly jolly at this time of year or not, one thing is clear, as a whole, Aussies are a pretty festive bunch. In fact, we’re so festive that according to a recent survey conducted by ME Bank, a significant 64% of Aussies are rushing to renovate their homes before Christmas.
NAB joins First Home Loan Deposit Scheme - but are its rates any good?
Aussie first home buyers, listen up! NAB has just snatched a spot at the table as one of two big banks to offer home loans under the federal government’s First Home Loan Deposit Scheme.
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.
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.
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.
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.
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.