Home Loan News
The latest home loans mortgage news and tips
Household deposits continue to climb but pace is slowing
Household deposits are continuing to rise, increasing by over $7 billion in the month of October and setting yet another record high at over $1.42 trillion.
Is this the right time to buy a house?
Amid rising property prices and mortgage rates, assess your financial readiness before considering buying a house in Australia.
Westpac and NAB the next big banks to hike fixed + Westpac hikes new customer variable rates
Westpac and NAB – Australia’s second and third largest lenders – have both hiked the majority of their fixed rates for both owner-occupiers and investors, in some cases by up to 0.25 percentage points.
More lenders to help buyers with low deposits through Home Guarantee Scheme
More of Australia's biggest banks are now part of the Australian Government’s Home Guarantee Scheme. Westpac subsidiaries St.George, Bank of Melbourne and BankSA have joined into the scheme.
Queensland doubles first home owner grant – what this means for you
The Queensland state government has announced that it would be doubling the state’s first home owner grant (FHOG) from $15,000 to $30,000, in what was described as a pre-Christmas bonus. So how does this affect Queenslanders hoping to put their first foot onto the property ladder in the new year?
Some of the top-rated home loans for investors and refinancers in November 2023
Many of Australia’s banks and other mortgage lenders have already announced that they’re raising their home loan interest rates following the Reserve Bank of Australia (RBA) board’s November 2023 meeting. Homeowners and investors hoping to get a better mortgage deal may need to look beyond a home loan’s cost and consider the overall value offered by different lenders.
CBA to lift rate on 3-year fixed mortgages in addition to variable hikes
CBA, Australia’s largest bank, will be increasing the rate on its 3-year fixed mortgages, for both owner-occupiers and investors by 0.30 percentage points, effective in two days’ time (17 November).
Tiimely change for Tic:Toc: rebrand for online-based mortgage provider
One of Australia’s most competitive online-based mortgage providers is rebranding. Effective as of today, 14 November, Tic:Toc will be changing to Tiimely Home.
When will your bank hike your mortgage rate and how much could it cost you?
30 lenders have announced plans to increase variable home loan rates, including the Big Four Banks. Homeowners are likely wondering when they can expect this latest increase to take effect, and how much it’ll put them out-of-pocket.
How renting out a room could help pay off your mortgage
Leveraging extra space within your home can be a viable strategy for those looking to offset rising mortgage costs. However, it may be helpful to investigate the legal, financial, and practical aspects of this decision.
When Will Interest Rates Go Down? (Australia 2023) - RateCity
The Reserve Bank of Australia has hiked the cash rate multiple times this year alone, resulting in home loan rates rising across the country. Millions of Australian homeowners are likely asking themselves: when will interest rates fall again?
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