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Media Releases

Rate cut pushes average mortgage under $50 a day

3rd of May 2016

The average variable home loan rate is set to drop to 4.40 per cent this month, following today’s decision by the Reserve Bank to cut official rates to a new record low of 1.75 per cent.

$2.1 billion drop in investor lending since July

9th of December 2015

Another sharp drop in investor housing commitments shows a considerable slowing in the investor housing market, according to leading financial comparison website RateCity.com.au.

Young buyers turn to the bank of mum and dad

8th of December 2015

Gone are the days of paying off the family mortgage using one, or even two, incomes. New research from RateCity.com.au shows a staggering number of young couples are needing parents to chip in to enter the property market.

Borrowers look to fixed rates as cash rate stalls

1st of December 2015

The cash rate may have stalled but the appetite for fixed home loans has soared, as Australians look to take advantage of historically low rates. RateCity.com.au data shows that the number of people looking for fixed home loans has increased 58 per cent in the last seven weeks, in line with the major banks’ decision to lift variable rates, compared with the seven weeks prior.

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