Four things to know before refinancing your home loan
There’s no doubt that mortgage refinancing is having its day in the sun - here are four things you should take note of before refinancing.
Some of the best home loans for owner occupiers in August 2020
You may have noticed that it’s a bit of a weird time to buy property just now, whether as a first home buyer, an upsizer or a downsizer. Lockdown restrictions have affected property supply and demand in different areas, not to mention buyer and seller confidence. Plus, homeowner priorities have been shifting, swinging away from units and apartments and more towards detached housing.
Banks should exhaust options to keep people struggling in their homes: Regulators
Australia’s financial regulators expect banks will exhaust their options to keep people in their homes as best they can if they’re unable to pay off their mortgages.
Surge in sellers axing property prices, but discounts smaller than 2019
More property sellers across Australia are marking down their listing prices amid a COVID-19 impacted market.
CBA: Fewer mortgage holidays, but house prices may dip
Commonwealth Bank expects most people on a mortgage holiday could return to make repayments soon, that the most vulnerable could swap over to interest only loans, and that house prices could dip.
Fraction of 2019 renovations meet HomeBuilder spending threshold, survey finds
Only ten per cent of renovations cost more than $150,000 to complete last year, according to a new survey, providing insight into the number of renovations that may be eligible for the HomeBuilder scheme.
Athena offers automatic interest rate cuts to mortgage holders
Digital-only home loan lender Athena is dishing out automatic interest rate cuts to borrowers as they pay off bigger chunks of their mortgages.
Mortgage stress affecting 40% of households, despite property market aflush with stimulus
Billions of dollars’ worth of government and bank support has failed to put a lid on mortgage stress, soaring to its highest level ever.
Lenders slash mortgage rates while Australians top up offset accounts
Average home loan interest rates have declined by between 33 and 45 basis points over the last quarter, according to the Reserve Bank of Australia (RBA). While this has reportedly led more Australians to refinance their mortgages and top up their offset accounts, fewer new home loans have been recorded.
Government COVID-19 support payment extended, criteria relaxed
The Federal Government has expanded its JobKeeper support payment for businesses and relaxed eligibility criteria in the wake of a pandemic teetering on a second wave along Australia’s east coast.
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.
Renters hit by pandemic rarely offered helpful discounts, survey finds
Less than ten per cent of renters confronted with a loss of income during COVID-19 were granted relief with an adequate discount, a report has found.
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.
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