Home Loan News

Average home loan rates and fees fall in April

Australia’s home loan marketplace may be becoming slightly more affordable, with average mortgage interest rates and fees falling across RateCity over the month of April.

Cash rate on hold but set to rise: is now the time to fix?

The RBA has kept the cash rate on hold at 1.5 per cent today, banking the inevitable rate hike for a later date.

RBA cash rate held again at 1.5 per cent

The Reserve Bank of Australia (RBA) has held the cash rate yet again at an historic low of 1.5 per cent.

Few lenders offering 10 year fixed rates

While uncertain economic times can lead borrowers to look into home loans with fixed interest rates, the number of lenders offering decade-long fixed interest rates can be counted on one hand.

CPI to leave cash rate in flat line

APRA throws a lifeline back to property investors

Today’s announcement from APRA to remove the investor loan growth benchmark will see some banks cut investor rates to lure back more investors into the lucrative sector.

Perth is the most affordable City in Australia

Perth has been named the most affordable city in Australia, according to Housing Industry Association.

What the rise of first home buyers means for you

The number of first home buyers has finally began to increase thanks to state and territory incentives such as grants and tax concessions, according to data from CoreLogic.

Exclusive, Australia's youngest property tycoon sets the record straight

Stephanie Brennan is one of Australia’s youngest real estate entrepreneurs, at just 27 she already owns properties across three continents rumoured to be worth $3.2 million.

ME Bank raises home loan rates for existing customers

ME bank is the latest Australian bank to hike home loan rates after Suncorp Bank, State Custodians and loans.com.au raised the majority of their variable rates over the past month.

More Aussies choosing to renovate than relocate

The number of owner-occupiers renovating their homes has risen by 21 per cent since 2015, according to research by Westpac. The research also found that the number of Australian homeowners considering selling decreased by 11 per cent compared to last year, dropping back down to the same level as 2015.

How changes to Capital Gains Tax could impact housing affordability

Newly released research from the Housing Industry Association (HIA) suggests that an increase in Capital Gains Tax would raise the cost of renting and make housing affordability even more problematic.