Home Loans Mortgage News

Mortgage defaults rise, Analysts warn there’s more to come

Record low property prices and decreasing loan costs haven’t helped a growing number of people who have fallen behind on their mortgage repayments, -- and the trend is only expected to get worse.

Housing at its most affordable level in a decade

Falling property prices and cheap mortgage rates have led to housing reaching its most affordable level in ten years, according to analysts.

Cashback home loans soar since COVID-19 – but are they worth it?

There are now 29 lenders offering cashback deals of up to $4,000 for the average homeowner looking to refinance their mortgage – a new record.

ASIC kept in the dark on scrapping responsible lending rules

Financial regulators weren’t asked for their assessment on the scrapping of responsible lending laws before the government’s surprise announcement, according to testimony.

A quarter of Aussies believe it’s the best time to buy a property

A quarter of Australians believe the pandemic and its subsequent response has led to the perfect conditions to snap up a property, according to a bank’s research.

Melbourne property listings surge, but economists ask: are they forced sales or is it a rebound?

Melbourne experienced a 330 per cent increase in monthly sale listings, causing experts to examine whether there’s a rise in distressed sales or an economic rebound.

Amid record low lending, property investors look for bargain loans

Investor lending has dropped to record lows around the country, but about a third of property investors are watching rates closely in the hope of refinancing.

TicToc cuts home loan interest rates to new low ahead of RBA meeting

Online lender TicToc has cut interest rates on its home loans a fortnight before a possibly historic rate cut, positioning its product alongside some of the most competitive in the market.

Homebuilder surpasses 11,000 applications, majority for new builds

A $680 million government initiative intended to stimulate the construction industry during the lull of the coronavirus pandemic has yielded more than 11,000 applications, but so far only about 800 people have received the funds.

Some of the best owner-occupier home loans in October 2020

The first recession in 30 years has done little to dampen the spirits of home loan borrowers.

The incentives available to Australian first home buyers, state-by-state

First home buyers are out in full force despite COVID-19, and that may well be thanks to the many financial incentives available to them.

RBA governor indicates an historic rate cut could be on the cards in November

Mortgage interest rates could fall to an unprecedented low if the head of the nation’s central bank acts on his strongest suggestion yet that the cash rate will be cut.

Mortgage holidays: Almost one in two resume home loan repayments

Almost half of all Australians who deferred their mortgages have resumed repayments, indicating the country is speedily recovering from its first recession in nearly three decades.

Unit rents fall in Melbourne and Sydney, as houses across the country recover

The nation’s largest cities experienced strong falls in rental value, a new report reveals, slowing down a recovery underway in the rest of the country.

Australians are feeling confident about spending as the economy bounces back

Big bank economists are observing a rebound in people’s willingness to spend on items big and small, after the public stockpiled their savings for months in response to the uncertainty of a pandemic.