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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Head of Public Relations

The great housing drought

Australia's housing shortfall is getting worse, with demand for an extra 214,700 homes nationally not being met.

Home Loans

12 Jan, 2012

3 min read

Laine Gordon

Head of Public Relations

Transform $100k into $1.5m

If you bought a home over the past 24 years, you have participated in the best-performing investment available anywhere in Australia.

Home Loans

11 Dec, 2011

3 min read

Laine Gordon

Head of Public Relations

Will interest rates drop further tomorrow?

If economists' predictions are anything to go by, we are heading towards further interest rate cuts, possibly as early as tomorrow.

Home Loans

04 Dec, 2011

3 min read

Will interest rates drop further tomorrow?

Laine Gordon

Head of Public Relations

Home ownership out of reach for many Aussies

Home ownership may be the great Australian dream, but it's a dream that remains out of reach for many Australians. The State of Australian Cities report by Infrastructure Australia, released last month, highlighted yet again that the rise in Australian house prices over the past decade is among the highest in the developed world.

Home Loans

27 Nov, 2011

3 min read

Home ownership out of reach for many Aussies

Laine Gordon

Head of Public Relations

Buy this year to save over $17,000

From January 1, 2012, first homebuyers in NSW will have to fork out an extra $17,770 when buying a property valued under $500,000, thanks to the scrapping of the First Home Plus Scheme.

Home Loans

06 Nov, 2011

2 min read

Laine Gordon

Head of Public Relations

Get set for a rate cut

While most of the nation punts their hard-earned cash on Australia's biggest horse race tomorrow, the Reserve Bank of Australia is tipped to announce an interest rate cut.

Home Loans

28 Oct, 2011

3 min read

Laine Gordon

Head of Public Relations

First time property owners urged to buy now

Can’t afford to get into the property market just yet? A new report from PRD Nationwide is urging first timers to bite the bullet while prices are soft and suggests that if you can’t afford it, team up with a friend or relative or start small with a stepping stone such as a studio apartment.

Home Loans

12 Jul, 2011

2 min read

First time property owners urged to buy now

Laine Gordon

Head of Public Relations

New reports says housing market set for recovery

Business research and forecasting company BIS Shrapnel has released a new report stating the housing market will begin to recover within the next two years.

Home Loans

02 Jul, 2011

2 min read

New reports says housing market set for recovery

Laine Gordon

Head of Public Relations

CBA cuts interest rates on no-fee loan

In a bid to increase its share of the flagging mortgage market, the Commonwealth Bank has reduced the interest rate on its ‘no fee’ home loan from 7.24 to 7.11 percent. The discounted rate will save mortgage holders around $27 per month on average.

Home Loans

01 Jul, 2011

2 min read

Laine Gordon

Head of Public Relations

Global housing markets falter

It’s not just the Australian property market that’s in a rut. According to the Knight Frank Global House Price Index, in the first quarter of 2011, house prices rose 1.8 percent globally, compared with 3.3 percent in the final three months of 2010. The figures represent the lowest growth since the end of 2009.

Home Loans

30 Jun, 2011

2 min read

Laine Gordon

Head of Public Relations

Exit fee ban now official despite non bank objection

In spite of staunch objection from several non-bank lenders, the Opposition and industry associations, the government’s National Consumer Credit Protection Act ban on mortgage exit fees was passed by the Senate last week and becomes law on July 1, 2011.

Home Loans

27 Jun, 2011

2 min read

Exit fee ban now official despite non bank objection

Laine Gordon

Head of Public Relations

Australia's best value home loans

Your Investment Property magazine has announced their list of the best mortgage deals now available. The research takes into account not only the comparison rate but also major costs such as deferred establishment fees, upfront and ongoing fees.

Home Loans

19 Jun, 2011

2 min read