Home loan lender Pepper cuts rates by 0.65%
Last week the Mozo team carefully watched the home loan market to see whether the banks would pass on the full RBA 25 basis point rate reduction.
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Gen Yers turning to the “Bank of Mum and Dad” to make home ownership dreams a reality
The first of a series of reports entitled Future Leaders Index 2015 has found that prohibitive property prices in Australia are causing more Gen Yers to turn to the “Bank of Mum and Dad” to fund their property dreams.
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After RBA’s record low rate cut demand for fixed rates goes up
After the RBA announced a record low cash rate of 2% last week, the demand for fixed rate home loans has seen a rise. With borrowers keen to take advantage of the rate cut, Mozo saw a huge lift of 350% in visits to its fixed rate loan pages last week compared to the previous month.
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Major banks hold off on full RBA rate cut
While the Reserve Bank of Australia dropped the official cash rate by 25 basis points to a record low 2% at Tuesday’s board meeting, Australia’s biggest banks the Commonwealth Bank, Westpac and NAB have only passed on a portion of the RBA rate cut.
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Which home loan lenders have passed on the RBA rate cut?
With the Reserve Bank of Australia cutting the official cash rate to a record low 2% at yesterday’s May board meeting, the question on everyone’s lips is - will home loan lenders follow suit? <
Average Sydney house price to reach $1 million by December and $2 million by 2030
It will be a jolly Christmas for homeowners across Sydney, if predictions by Domain Group ring true with the median Sydney house price tipped to reach $1 million by the end of the year.
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Financial issues listed by Aussies as top concern, says Roy Morgan
According to the latest Roy Morgan Research, almost half of Aussies surveyed rank economic and financial issues as the most important problems facing Australia in the future -an increase of 11% since January 2015.
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Housing affordability in Sydney dips lower than national average
People looking to buy a house in Sydney are in for a tough time. Risk analysis and ratings agency Moody's reported on Monday that the amount of household income being spent to pay off a home loan for a house in Sydney is at an almost ten-year high.
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Gen Y finding their feet on the property ladder earlier
According to the Domain Consumer Insights Study, the number of Generation Y’s who own multiple properties is now on par with Baby Boomers.
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Sydney leads in record high house rents in Australia’s state capitals
Australia is experiencing record high house rents in most of its state capitals despite increased supply from investors and developers according to the Domain Group’s Rental Report for the March quarter.
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