The A-Z of home loan terms and jargon at your fingertips. If there is a home loan type or product feature worth knowing about you’ll find a detailed guide on it here. No matter whether you’re buying your first home or your tenth investment property, the more informed you are, the better your chance of getting the best deal.
When you begin your search for a mortgage, you’ll soon discover there are a great range of home loans available. So to help you narrow down the right one for your financial situation, here are the main types of home loans in Australia:
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If you’ve been following the banking inquiry news, you might have heard the term rate-tracker loan thrown around. The introduction of more rate-tracker loan products was suggested as one reform that could help Aussies and their banks get along a little better.
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It won't come as a shock, but house and apartment prices in Australia are expensive. According to CoreLogic’s January 2022 national home value index, the median home value in Australia is just under $720,000 and it’s far higher in cities like Canberra and Sydney.
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