Home Loan News

First home buyers moving to Perth

Where are Australia’s first home buyers? Perth, according to the Real Estate Institute of Western Australia, which saw increased sales for lower-priced properties over the March 2018 quarter.

Myth busted: millennials are making sacrifices to enter the property market

Most younger Australians are on the path to home ownership, even if they’re uncertain how to achieve their goal, according to a new survey.

Top 10 regions Aussies are moving to

They say the grass is always greener, and for the growing number of Aussies making the move out of capital cities this might just be a few kilometres outside of them.

House building approvals continue to rise

Dwelling approvals around Australia rose in March 2018, with private sector house approvals at their highest level in 15 years, according to the Australian Bureau of Statistics (ABS).

Investors go cold on frosty property market

Budget to provide Aussie pensioners with reverse mortgages

Elderly Australians were arguably among the “winners” of the 2018 Federal Budget, with the updated Pension Loans Scheme letting retirees take out a government-issued reverse mortgage on their property and enjoy improved access to retirement income.

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.