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Home Loan News
The latest home loans mortgage news and tips
Laine Gordon
Money Editor
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
Money Editor
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
Money Editor
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
11 Jul, 2011
2 min read
Laine Gordon
Money Editor
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
01 Jul, 2011
2 min read
Laine Gordon
Money Editor
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
30 Jun, 2011
2 min read
Laine Gordon
Money Editor
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
29 Jun, 2011
2 min read
Laine Gordon
Money Editor
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
Laine Gordon
Money Editor
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
18 Jun, 2011
2 min read
Laine Gordon
Money Editor
NSW under most mortgage stress
Borrowers in NSW are on average closest to suffering mortgage stress compared to those living in the other states and territories, new research has revealed.
Home Loans
17 Jun, 2011
3 min read
Laine Gordon
Money Editor
Refinancing packages account for one in three home loans
The number of homeowners seeking to refinance their home loan to get a better deal has jumped by 5 percent in the first quarter of 2011. Refinancing now accounts for around one in every three home loans approved.
Home Loans
16 Jun, 2011
2 min read
Laine Gordon
Money Editor
Nationwide property round up
It’s a buyers’ market in Melbourne; auctions go gangbusters on the Sunshine Coast; properties are overpriced in WA, and if you’re looking to invest, units are the way to go.
Home Loans
15 Jun, 2011
2 min read
Laine Gordon
Money Editor
First homebuyers happy to take in boarders to pay the mortgage
Would you be willing to rent out the spare room, or live at home with the folks for longer in order to afford your own home? According to a new Mortgage Choice survey, young Australians are prepared to do both.
Home Loans
14 Jun, 2011
2 min read
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Laine Gordon
Money Editor
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