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Home Loan News
The latest home loans mortgage news and tips
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
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
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
Laine Gordon
Money Editor
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
Laine Gordon
Money Editor
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
Tony Ibrahim
Senior Journalist
Consumer Sentiment surges, housing confidence reaches a seven year high
The backdrop of a pandemic is unlikely to affect people spending money over the Christmas holidays -- and that could include signing the deed to a new house.
Home Loans
11 Nov, 2020
4 min read
Tony Ibrahim
Senior Journalist
Commonwealth Bank: 1% of deferred mortgages are impaired, but the figure is expected to grow
Commonwealth Bank has offered some insight into the number of people who could no longer afford to resume their mortgage repayments, but there are fears the figure could grow as relief options expire.
Home Loans
11 Nov, 2020
4 min read
Liz Seatter
Senior Finance Writer
31 lenders offering home loan rates under 2 per cent
A record 31 lenders are offering, or set to offer, at least one mortgage rate under 2 per cent – almost triple the number before last week’s RBA cut last week.
Home Loans
10 Nov, 2020
4 min read
Tony Ibrahim
Senior Journalist
The Australian suburbs where mortgage repayments are cheaper than rent
Historically cheap home loan costs and a sluggish property market are leading to mortgage repayments that are more affordable than paying rent in many cases, according to Aussie Home Loans’ Buy vs Rent report.
Home Loans
10 Nov, 2020
7 min read
Alex Ritchie
Personal Finance Editor
Home loan cashback deals for November 2020
This month, there are 27 lenders offering cashback deals of up to $4,000. The majority of which are for refinancing home loans.
Home Loans
10 Nov, 2020
2 min read
Tony Ibrahim
Senior Journalist
Australians are building the largest homes in the world
Australians are building the largest units, townhouses and houses in the world, new research reveals, bucking a six-year trend of shrinking homes, and overtaking the United States.
Home Loans
10 Nov, 2020
5 min read
Alex Ritchie
Personal Finance Editor
Best new refinancing deals for November 2020
With the Reserve Bank of Australia cutting the cash rate to a new record low of 0.10 per cent, home loan borrowers have never had more ammunition when it comes to refinancing.
Home Loans
09 Nov, 2020
4 min read
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Mark Bristow
Personal Finance Editor
31 Jan, 2025
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Mark Bristow
Personal Finance Editor
30 Jan, 2025
How high will rates go? Here's what experts think about the RBA cash rate
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Personal Finance Editor
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