Home Loan News

As deferrals end for 450,000 mortgages, APRA sends banks a warning 

The bank regulator has spelled out the obligations of banks as they resume the mortgage repayments of borrowers impacted by COVID-19 in an open letter to the industry.

Home loan pre-approvals surge to new heights

Falling property prices haven’t been enough to shake confidence in the market as mortgage pre-approvals skyrocket to an all time high, according to the largest mortgage broker in Australia.

Falling rents could have a scarring impact for years

The drop in demand for rental properties has proven so severe that it may lead to a development fall of hundreds-of-thousands of apartments, according to a government agency.

“Subdued” rental growth on the cards if international borders not open by 2021: RBA

Inner-city housing rents are tipped to show “subdued” growth in the years ahead if the reopening of international borders is delayed beyond 2021.

The tough question facing first home buyers: spend more time or more money?

Many first home buyers are having to make the tough decision between waiting additional years to save a large deposit or spend thousands of dollars extra to buy a property sooner.

City dwellers flock to regional property due to COVID-19

Regional property markets are set to benefit from COVID-19, as the pandemic accelerates the trend of city dwellers relocating to regional areas.

Westpac: House prices will rebound, but there will be some 'urgent' sales

A big four bank believes the fall in the housing market will be half as bad as originally projected, claiming they’ll overcome a sell off of defaults to return to growth much quicker than expected.

Houses on the menu for property investors, but many worry they won’t secure a loan

Veteran investors are looking to buy a standalone house in the next year, according to an industry group, but they’re worried banks won’t give them the loans they need.

Some of the best owner occupier home loans in September 2020

Even if your home-buying plans have changed, falling prices could make it easier for some first home buyers to take the next step towards becoming home owners. Current owner occupiers may also be able to take advantage of interest rates being recently slashed to new record lows to refinance their home loans.

Australian Finance Group amends clawback rules as mortgage holders rush to refinance

One of Australia’s biggest mortgage provider groups has tweaked how broker commissions are refunded when people take their business elsewhere, just as borrowers refinance in large numbers to take advantage of record low interest rates.

The typical home shed about $12,500 this year: ABS

The typical home dropped more than $12,000 in price since the beginning of the year, according to the nation’s statistical agency, possibly ushering in a property fall.

Property investors eye opportunities during COVID-19: PIPA

Almost one-in-two property investors are more likely to buy a property in the next year because of the COVID-19 pandemic, the leading industry group has said, with many casting their eyes interstate to Queensland.

Reduce Home Loans pulls down lowest variable mortgage rate to 1.89%

A non-bank lender is beating the lowest variable rate record with a 1.89 per cent rate.