Record-high mortgage debts are stopping Aussies from spending their money, new research has revealed. A Reserve Bank analysis has found home loans are the biggest culprit behind why we’re pulling back on our expenditure, despite the government’s efforts this month to kickstart our slowing economy with a $158 billion tax cut package.
Looking to get into the investment property game and on the hunt for the right home loan to do it?
Online lender UBank has made a host of changes, effective today, to its suite of fixed home loan offerings, cutting rates by up to 0.25% for owner occupiers and a whopping 0.50% for investors.
Forget 2.99%, say hello to Greater Bank’s new and improved 1 year fixed home loan rates that’ve been slashed following the RBA decision earlier in the month.
The Australian Financial Complaints Authority (AFCA) recently released its six month report, and it doesn’t paint a particularly flattering picture of the Aussie banking sector.
If you’re looking to secure a home loan for your first property, you’re in luck.
It’s been nine days since the RBA decided to drop the official cash rate to a record low 1.00% and since then a large number of home loan providers have signalled their intention to reduce rates on their respective variable mortgage offers.
To fix or not to fix? That’s the question on the minds of many Aussies across the country.
UBank customers who logged onto the UBank app over the weekend were greeted by some pleasant news: the online bank has opted to pass on the RBA’s cut in full to its variable home loan customers.
With a new financial year upon us and interest rates sitting at new record lows, now is the perfect time to resolve to crush your home loan. Borrowers around Australia are celebrating back to back RBA cuts, but did you know that you can use the record low rates environment to your advantage to pay down your mortgage even faster?