Newcastle Permanent punching above its weight
Mozo Experts Choice winner, Newcastle Permanent Building Society have posted higher home loan and customer deposit growth rates than any top four bank, according to its 2017 Annual Report.
bcu bolts on mortgage rates: offers lowest 5 year fixed rate going around
Mozo Experts Choice winner, bcu today made wholesale cuts to both fixed and variable home loan rates including a staggering 95 basis point cut to its five year fixed term, making it the outright market-leader by 49 basis points.
ANZ target 11 Brisbane and Perth postcodes in latest round of lending restrictions
Prospective buyers in a number of apartment hubs in both Brisbane and Perth may soon find it harder to get a home loan following reporting from the Australian indicating that a number of postcodes have been ‘red-flagged’ by lender ANZ.
Is spring the right time to fix your home loan?
Mozo’s database has seen seven lenders cut fixed home loan rates over the past few days as spring property season starts to heat up.
Can mortgage rate cuts ease the squeeze for “over-indebted” Aussie homeowners?
“Over-indebted” home loan borrowers could benefit from fiercer competition, after Mozo data showed 31 lenders slashed variable rates in August and September, and 1 in 3 lenders cut fixed rates.
Turning tides: banks start cutting interest-only mortgage rates
The recent flood of interest-only rate hikes may be ebbing, as big bank CBA joins a number of lenders reversing current trends to cut fixed rates on interest-only loans.
CBA joins other banks offering enticing spring incentives for refinancers
The Commonwealth Bank has introduced a $1,250 refinance rebate and interest-only rate cuts in a note released to brokers as the spring property season gets under way, reported the Australian Financial Review .
Now and then: the cost of buying a home in 1986 vs today
It’s not news that house prices are skyrocketing in some of Australia’s capital cities, and recent Mozo research into the Bank of Mum and Dad has revealed just how hard it is for young home buyers to get a foot on the property ladder these days - especially when compared to thirty years ago.
Homeowners stay put as renovation activity heats up
The number of Australians making renovations to their homes during the June quarter grew by 2.2 per cent according to the Housing Industry Association, while new dwelling construction declined.
Aussie parents cough up $65.3 billion to get young buyers into the property market
Recent Mozo research has revealed that first home-buyers are increasingly turning to the Bank of Mum and Dad to secure funding for their property purchase, making Aussie parents the fifth biggest lender in the country, behind the big four banks.