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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Head of Public Relations

Do you know your rate? Half of borrowers don’t

Following today’s decision by the RBA to leave the cash rate on hold at 0.1 per cent, new research from RateCity.com.au shows almost half of all borrowers are in the dark about their rate.

Home Loans

01 Dec, 2020

3 min read

Do you know your rate? Half of borrowers don’t
Tony Ibrahim

Senior Journalist

Homebuilder subsidy extended, but payment whittled down

Thousands of homes could have their construction subsidised after the government extended to its $680 million Homebuilder program-- only, the grants paid will be smaller.

Home Loans

01 Dec, 2020

4 min read

Homebuilder subsidy extended, but payment whittled down
Liz Seatter

Senior Finance Writer

50 lenders offering home loans for less than $50 a day

There are 50 lenders now offering a total of 126 home loan under 2 per cent. That’s 40 per cent of the 124 lenders on the RateCity.com.au database with at least one home loan rate starting with a ‘1’.

Home Loans

30 Nov, 2020

4 min read

50 lenders offering home loans for less than $50 a day
Tony Ibrahim

Senior Journalist

Stamp duty will be discounted in Victoria, one of many measures announced

Stamp duty will be discounted for people purchasing a property in Victoria for a limited time, the government has announced, among a suite of measures intended to get people spending, buying and building.

Home Loans

25 Nov, 2020

4 min read

Stamp duty will be discounted in Victoria, one of many measures announced
Tony Ibrahim

Senior Journalist

Twice as many Aussies want to buy their first home

Deflated prices, cheap mortgages and government subsidies are motivating twice as many people to buy their first property, according to a big bank’s research.

Home Loans

24 Nov, 2020

5 min read

Twice as many Aussies want to buy their first home
Tony Ibrahim

Senior Journalist

City v Country: demand for regional homes is outpacing city stock

The homes with some of the fastest growing values were in regional towns based in Tasmania and New South Wales, outpacing that of cities and hinting at a lifestyle shift influencing the buying decisions of Australians.

Home Loans

23 Nov, 2020

4 min read

City v Country: demand for regional homes is outpacing city stock
Tony Ibrahim

Senior Journalist

Hot housing market to carry momentum into new year

Cheap debt, government payments and a pandemic seemingly at bay are creating ripe conditions for a surging housing market in the years to come, industry experts say.

Home Loans

20 Nov, 2020

4 min read

Hot housing market to carry momentum into new year
Mark Bristow

Personal Finance Editor

Some of the best home loans for investors in November 2020

When the Reserve Bank of Australia (RBA) made a partial cut to the national cash rate earlier this month, banks and other mortgage lenders slashed their own interest rates, mostly for new customers. This may offer property investors opportunities to refinance onto lower interest rates, and potentially put themselves in better long-term positions. 

Home Loans

20 Nov, 2020

2 min read

Some of the best home loans for investors in November 2020
Tony Ibrahim

Senior Journalist

One in 10 struggling to make mortgage repayments

The number of people struggling to repay their mortgage has more than doubled since the early days of the pandemic, data from the nation’s statistical agency reveals.

Home Loans

18 Nov, 2020

5 min read

One in 10 struggling to make mortgage repayments
Tony Ibrahim

Senior Journalist

NSW mulls replacing Stamp Duty with yearly tax, but it could cost more in the long run

New South Wales is looking to transition its property tax away from a lump sum payment the size of a car to a yearly payment, in a change to a 155 year old revenue maker.

Home Loans

18 Nov, 2020

4 min read

NSW mulls replacing Stamp Duty with yearly tax, but it could cost more in the long run
Laine Gordon

Head of Public Relations

CBA slashes savings rates on the back of the RBA cut

The Commonwealth Bank has today cut rates on its popular savings, retirement and term deposit accounts, following last week’s cash rate cut.

Home Loans

13 Nov, 2020

2 min read

CBA slashes savings rates on the back of the RBA cut
Laine Gordon

Head of Public Relations

CBA lowers serviceability floor to accommodate lower rates

Australia’s largest bank, CBA, has announced it is reducing its serviceability floor rate from 5.40 per cent to 5.10 per cent, a move that will help some people borrow more from the bank. The change is effective Saturday 14 November.

Home Loans

12 Nov, 2020

2 min read

CBA lowers serviceability floor to accommodate lower rates