With property prices expected to ‘bottom out’, is now your time to buy?
25 Jul 2019

If you’ve been keeping up with the latest property news, you’ll know that the property market has seen better days. But with prices expected to ‘bottom out’ in the coming months, many potential buyers across the country could be tossing up about whether now is the right time to make their move.
“If you’re in Sydney or Melbourne, there are a number of factors that make now a good time to buy,” said Mozo property expert, Steve Jovcevski.
“The serviceability ratio has been reduced, so it’s easier to show you can service debt and get a home loan - clearance rates are also high, which shows strength in the market. Auction levels are also low, which means there are less available properties which puts pressure on buyers with less options thus pushing up prices, plus there’s a high demand for older apartments now because of all the recent defects on some new apartment buildings.”
loans.com.au Smart Home Loan 80

Competitive 3.03% variable rate (3.05% comparison rate*)
No application or ongoing fees
Free extra repayments and redraw facility
If you’re a strong believer that your home loan should work with you, not against you, check out the loans.com.au Smart Home Loan. With a highly competitive 3.03% variable rate (3.05% comparison rate*) and no application or ongoing fees, the Smart Home Loan keeps costs to a minimum. Though there is no offset account with this loan, you are able to cut down on interest in other ways, such as the free extra repayments feature. A free redraw option is also available with this loan. Just keep in mind there is a $300 settlement and $220 valuation fee to budget for.
Athena Liberate Variable Home Loan

3.09% variable rate (3.05% comparison rate*)
0.01% loyalty discount for the first five years
Zero fees
Zero. Zilch. Nada. Also known as the number of fees you’ll pay with the Athena Variable Home Loan. Aside from zero fees, refinancers could have access to the super low 3.09% variable rate (3.05% comparison rate*). Free extra repayments are also available as well as a redraw option, so you can withdraw these additional payments at any time, for any reason. Plus, for the first five years of your loan, you’ll receive a 0.01% loyalty discount so long as you make your repayments on time.
UBank UHomeLoan - Discount Offer

3.34% variable rate for loans over $200K (3.34% comparison rate*)
Double 2019 Mozo Experts Choice Award winner
Free extra repayments
Last but certainly not least on our list is UBank and its UHomeLoan. If you’re borrowing over $200K, you could receive the low 3.34% variable rate (3.34% comparison rate*) - for loans under $200K, the rate increases to 3.49% (3.49% comparison rate*). This double Mozo Experts Choice Award winner also offers zero fees and free extra repayments, making it a great choice for borrowers looking to cut down on interest and save where they can.
HSBC Discounted Home Value Loan

Competitive 3.27% variable rate (3.28% comparison rate*)
Multiple 2019 Mozo Experts Choice Award winner
Unlimited extra repayments
If you’ve been on the hunt for a loan that’s all about delivering great value, then you need to check out the HSBC Home Value Loan. Offering a competitive 3.27% variable rate (3.28% comparison rate*) and no application or ongoing fees, the Home Value Loan can help keep costs low. Plus with unlimited extra repayments and a redraw facility (free online) in your corner, there’s heaps of flexibility. And did we mention the Home Value Loan won three 2019 Mozo Experts Choice Awards?
^See information about the Mozo Experts Choice Home loans Awards
But that’s just some of the hot home loan offers floating around, head on over to our home loan comparison tool to compare more options.