Millennials ready to sacrifice to save for a first home deposit
Painting young Aussies as smashed-avo-eating, instagram-obsessed kids with an entitlement complex may have been a bit too harsh, ING’s new Millennial Homeownership Report has revealed.
The magic home loan number you need to know
We talk a lot about how important it is to find a great home loan deal, but do you really know what that means?
First Home Super Saver Scheme has a PR problem, Gateway Bank research shows
When the First Home Super Saver Scheme (FHSSS) was first introduced, it was touted by Treasurer Scott Morrison as a plan that would help young home buyers “accelerate their savings by at least 30%.” But that won’t work if Aussies don’t know what it is or how to access it, Gateway Bank has suggested.
How this Federal Budget tax cut could shave $10,000 off your home loan
Much has been made of hamburgers and milkshakes in the lead up to the 2018 Federal Budget, but following its release by Treasurer Scott Morrison last night, did the budget end up delivering any mouth-watering morsels for Australian property owners?
Mortgage rates rising, but no official cash rate change in store for May RBA meeting
The possibility of a change in the 1.50% official cash rate remains highly unlikely ahead of Tuesday’s May Reserve Bank board meeting, with the consensus pointing towards a fourth hold for 2018.
APRA announces plan to remove 10% investor lending benchmarks, but what will that mean for borrowers?
The Australian Prudential Regulation Authority (APRA) has today announced a move to abolish temporary restrictions made on investor loan growth among Australian lenders from July 1.
2018 home loan rates report: the out-of-cycle rate rises hitting Aussie borrowers hard
Despite the fact that the Reserve Bank has left the official cash rate on hold at 1.50% for the last 19 months straight, Aussie borrowers are being whalloped with rate rises on their home loans.
ME hikes home loan interest rates: does this mark the end of super low rates?
Online lender ME has announced it is increasing home loan interest rates across its variable mortgage range effective today, citing increased funding costs as the reason - and it’s not the first to do so.
The magic number: how does your home loan rate stack up
Over the past few years conventional wisdom has said that you shouldn’t be paying more than 4.00% on your home loan, but research hot from the Mozo database has revealed it’s time for a shift in thinking.
No April surprise in store as 2018 RBA rate change appears increasingly unlikely
The Reserve Bank board may be sitting down for its third meeting of 2018 on Tuesday just two days after April Fools, but there’s likely to be little in the way of surprises when it comes to a change in the official cash rate.