The RBA has just lowered official interest rates by 0.25%, and online lender Homestar has wasted no time in announcing it will be passing on the full cut. The changes will come into effect April 1 for existing customers, and will be effective immediately for new customers.
Fintech Athena Home Loans has maintained its record as one of the few lenders in Australia to pass on the full 25 basis point RBA cut to its home loan customers for a fourth consecutive time following this afternoon’s Reserve Bank announcement.
Big bank Wesptac has become the first of the big four banks to announce it will be passing on the full 0.25% RBA rate cut on its variable rate owner occupier and investor home loans, effective from March 17 2020.
Ask any first home buyer, and chances are they’ll tell you saving for a 20% deposit is hard work. So much so that for a growing number of young Aussies, ‘rentvesting’ has become the next best thing helping them break into a property market that keeps getting tougher.
The RBA decided to reduce official interest rates today, and mortgage holders the country over are waiting for word on how their banks and lenders will respond. Thankfully, it looks like they won’t have to wait for too long.
Australia’s property market appears to be bouncing back as median property values have gone up across most capital cities. Plus, home loan lenders have continued to slash rates - so what does this mean for Aussie borrowers?
Thought there wouldn’t be any more rate cuts this February? Think again.
Negotiating with a real estate agent can be pretty intimidating, especially if you’ve never done it before. When it comes down to it, you want to purchase a property for the lowest possible price while the seller and their agent are working towards the opposite.
Home loans can be expensive, but have you ever thought how you’d manage if you suddenly had to rely on one income, rather than two, to pay it down?
First home buying intentions are on the rise according to new figures released this morning by St.George Bank, with three million first time buyers set to dive into the Australian property market in the next five years - a 34% increase on 2018 figures.