New CoreLogic figures have painted a more stable picture of the Australian housing market but saving for a house deposit can still take up to ten years to achieve.
The RBA left the cash rate on hold this month at a record low of 1 per cent, but borrowers can still get a further rate cut if they turn themselves into new customers.
It’s the age-old question people love to ask: is now the best time to fix? With cash rate at a historic low of 1 per cent, the question of whether to fix or not has become more prevalent than ever.
Following recent cash rate cuts from the Reserve Bank of Australia (RBA), many banks have slashed their home loan interest rates to new lows.
More than a dozen lenders, large and small, are now offering investors five-year fixed rates for under 4 per cent.
Australia’s largest bank has today cut its fixed rate home loans, making it the last of the big four banks to adjust fixed rates since the RBA cash rate cut on July 2.
What a difference two months makes for Australian home loan customers.
Over 70 per cent of Australians still consider property ownership to be the Great Australian Dream, according to new research from Commonwealth Bank of Australia.
Australia’s renters on the east coast may need to look a bit further afield to find more affordable places to live, with a new report revealing that the cheapest rents are found in Adelaide and Perth. Property investors however, may welcome news that the highest rents can be found in Canberra and Sydney.
ABS figures out today show first home buyers have continued to gain market share while the rest of the home lending market continues to fall.
New research from CoreLogic has found that auction volumes remain lower year-on-year, with the number of homes taken to auction over the first week of July less than that of the same time last year.
APRA’s decision today to remove the 7 per cent floor on home loan serviceability assessments will help take the brakes off Australia’s home loan credit crunch.
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