
Property shock: 1 in 3 Aussies couldn't afford to buy their home today
There are some things that make the good old days hard to forget - big hair, how far $2 got you at the school canteen, or apparently, being able to afford your first home.

There are some things that make the good old days hard to forget - big hair, how far $2 got you at the school canteen, or apparently, being able to afford your first home.

When it comes to haggling, there are those who are born to do and those who’d rather sit through a root canal at the dentist.

The Australian winter may have been many things - a winter of cold, a winter of drought and a winter rife with political machinations. But it was also a winter of home loan rate rises.

Icy temperatures may say otherwise, but spring is finally here. And in Australia that means three things - footy finals are on the horizon, magpies are in peak swooping mode and spring property season is upon us.

Just a day before spring property season kicks off, Suncorp has today announced it will increase variable home loan interest rates by 17 basis points, effective September 14th 2018.

While home loan rate rises have become the norm in the past few months, lenders are still well and truly engaged in a battle for the business of Australian home owners with a number of new, alluring deals hitting the market.

With spring right around the corner, many Aussie buyers will soon start gearing up for the biggest property season of the year.

You would be hard pressed to have missed the overwhelming narrative of ongoing rate hikes from a swathe of home loan lenders over the last two months, so today’s announcement from ANZ has certainly caught many by surprise.

Over the month of July, we’ve seen a domino effect of home loan lenders hiking variable rates to cope with mounting funding pressure.

Hikes, hikes, hikes. Many Aussie homeowners will have heard little else since the start of winter, but online lender UBank has well and truly broken ranks with many other lenders following today’s announcement of a cut to its UHomeLoan offer.