Home Loans Mortgage News

The newest suburbs in Australia to crack the million-dollar mark

Forty-six suburbs across the country entered the million-dollar club in the year to June 2020.

Alison CheungAug 6, 2020( 5 min read )

Home loan market shows signs of life as variable rates hit 1.95%

New home lending has partially recovered from its record drop last month according to ABS figures released today. It comes as home loan rates keep on tumbling, with a new lowest ongoing variable rate of 1.95 per cent now on the market.

Laine GordonAug 5, 2020( 4 min read )

RBA makes the case for 20-storey apartments in Sydney

Planning controls -- and not demand -- have pushed the price of apartments in Sydney up by more than half of their construction costs, Australia’s central bank has found.

Tony IbrahimAug 5, 2020( 3 min read )

As jobless figure creeps, more people defer mortgage repayments

Homeowners who deferred their mortgages are making less repayments than when the pandemic first struck, putting them in the position where they will likely face compounding interest charges in the thousands, according to data released by the financial regulator.

Tony IbrahimAug 5, 2020( 4 min read )

How COVID-19 is affecting the property rental market

Rental markets in Australia have taken a beating from COVID-19, with rents and yields falling in inner city areas.

Alison CheungAug 4, 2020( 5 min read )

Cash rate held but low rates are still up for grabs

The Reserve Bank of Australia (RBA) has today held the cash rate at a record low of 0.25 per cent for the fifth month in a row. But there are still record-low home loan rates up for grabs for borrowers willing to make the switch.

Alex RitchieAug 4, 2020( 3 min read )

Borrowers rush to refinance as loyalty tax bites

The Reserve Bank is expected to leave the cash rate on hold at 0.25 per cent when it meets this afternoon. But a new survey from RateCity.com.au found 43 per cent of home loan borrowers are looking to refinance in light of COVID-19 and record low rates.

Laine GordonAug 4, 2020( 3 min read )

RBA considers cutting record low cash rate

High unemployment, tapering stimulus payments, a sagging property market and a possible second COVID-19 wave will be front of mind when the RBA meets to decide if a rate cut should take place.

Tony IbrahimAug 4, 2020( 5 min read )

Property values shrink in capital cities as COVID-19 casts uncertainty: CoreLogic

Australia’s sale and rental market fell for a third month straight led by drops in its largest cities, new data shows, testing its resilience as the country grapples with a pandemic.

Tony IbrahimAug 3, 2020( 4 min read )

Australians hesitant to buy property amid weak confidence in the housing market

Shaky confidence in the property market’s resilience against COVID-19 and the economic downturn has delayed Australians’ property plans.

Alison CheungAug 3, 2020( 4 min read )

Strong demand for new homes creates economic momentum for Tasmania

Tasmania has pipped Australia’s other states and territories in the rankings for economic performance for the first time in its own right since October 2009.