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Home Loan News

The latest home loans mortgage news and tips

Liz Seatter

Senior Finance Writer

COVID-19 amnesty over: Banks to resume reporting bad credit

New research from RateCity shows one in six Australians are worried about their credit scores in light of COVID-19, as banks resume credit reporting.

Home Loans

06 Apr, 2021

3 min read

COVID-19 amnesty over: Banks to resume reporting bad credit
Liz Seatter

Senior Finance Writer

RBA keeps cash rate on hold – so why are home loan rates still changing?

While lenders have made a flurry of cuts to 2- and 3-year fixed rates in the last month, there has been an increase in the number of lenders hiking 4-year fixed rates.

Home Loans

05 Apr, 2021

3 min read

RBA keeps cash rate on hold – so why are home loan rates still changing?
Alex Ritchie

Personal Finance Editor

Aussie property prices skyrocket: fastest increase since 1988

Housing prices across the country surged at the fastest increase in 32 years to a new record high. And the current low-rate environment is fuelling the property market fire.

Home Loans

01 Apr, 2021

4 min read

Aussie property prices skyrocket: fastest increase since 1988
Liz Seatter

Senior Finance Writer

No records broken as home lending makes an unexpected drop in February

The value of new owner-occupier loans dropped almost 2 per cent from the record high reached in January. Compared to the same time last year, however, new lending was up 55 per cent, according to the seasonally adjusted ABS data.

Home Loans

01 Apr, 2021

3 min read

No records broken as home lending makes an unexpected drop in February
Liz Seatter

Senior Finance Writer

D-Day for JobKeeper: what Australians can do to help survive a drop in income

It’s D-day for the million Australians receiving JobKeeper with COVID relief payments finishing. As a result, Treasury estimates up to 150,000 people could find themselves unemployed.

Home Loans

30 Mar, 2021

4 min read

D-Day for JobKeeper: what Australians can do to help survive a drop in income
Liz Seatter

Senior Finance Writer

CBA cuts 1- & 2-year fixed rates but hikes 4-year loans: a sign of things to come.

The most significant change was the hike to its four-year fixed rate. This is the first big four bank to hike its four-year owner-occupier rate since October 2019 – a sign the bank is pricing in a higher cash rate from 2024.

Home Loans

22 Mar, 2021

3 min read

CBA cuts 1- & 2-year fixed rates but hikes 4-year loans: a sign of things to come.
Mark Bristow

Personal Finance Editor

Three reasons a home loan calculator can help you land your dream house

Most Australian borrowers will use a mortgage calculator at some point on their buying journey. Whether it’s to work out how much you can afford to borrow, or how much the repayments would cost for different home loan interest rates, a home loan calculator may be able to help you get into the property you want, sooner.

Home Loans

20 Mar, 2021

4 min read

Three reasons a home loan calculator can help you land your dream house
Mark Bristow

Personal Finance Editor

Some of the best mortgages for investors in March 2021

With Australian property prices hitting record highs, and home loan interest rates reaching record lows, it’s no surprise that borrowing and buying activity has been accelerating of late. And it’s not just first home buyers experiencing fear of missing out (FOMO) on low rates, but investors too.

Home Loans

19 Mar, 2021

3 min read

Some of the best mortgages for investors in March 2021
Alex Ritchie

Personal Finance Editor

Property prices soar: how long will it take to save a deposit in your capital city?

RateCity research has crunched the numbers on how long it may take to save a deposit in your capital city, based off of current CoreLogic median dwelling prices for February 2021.

Home Loans

18 Mar, 2021

6 min read

Property prices soar: how long will it take to save a deposit in your capital city?
Laine Gordon

Head of Public Relations

NAB cuts fixed rates, again

Australia’s third largest bank has cut its lowest 2-year fixed rate to 1.89 per cent today – a cut of 0.15 per cent.

Home Loans

18 Mar, 2021

3 min read

NAB cuts fixed rates, again
Liz Seatter

Senior Finance Writer

Fixed home loan rates keep tumbling to new record lows

Homestar Finance is the latest lender to cut rates, dropping its 2-year fixed rate to 1.74 per cent.

Home Loans

17 Mar, 2021

3 min read

Fixed home loan rates keep tumbling to new record lows
Mark Bristow

Personal Finance Editor

How much could a mortgage on an average Australian property cost?

According to the Australian Bureau of Statistics (ABS), property prices in all eight capital cities rose in December 2020, for the first time since December 2014. With Australia’s average house price rising, and mortgage interest rates at record lows, what does this mean for the average cost of a home loan?

Home Loans

16 Mar, 2021

3 min read

How much could a mortgage on an average Australian property cost?