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Home Loan News

The latest home loans mortgage news and tips

Tony Ibrahim

Senior Journalist

Mortgage holidays: Almost one in two resume home loan repayments

Almost half of all Australians who deferred their mortgages have resumed repayments, indicating the country is speedily recovering from its first recession in nearly three decades.

Home Loans

15 Oct, 2020

4 min read

Mortgage holidays: Almost one in two resume home loan repayments
Tony Ibrahim

Senior Journalist

Unit rents fall in Melbourne and Sydney, as houses across the country recover

The nation’s largest cities experienced strong falls in rental value, a new report reveals, slowing down a recovery underway in the rest of the country.

Home Loans

15 Oct, 2020

4 min read

Unit rents fall in Melbourne and Sydney, as houses across the country recover
Tony Ibrahim

Senior Journalist

Australians are feeling confident about spending as the economy bounces back

Big bank economists are observing a rebound in people’s willingness to spend on items big and small, after the public stockpiled their savings for months in response to the uncertainty of a pandemic.

Home Loans

14 Oct, 2020

5 min read

Australians are feeling confident about spending as the economy bounces back
Tony Ibrahim

Senior Journalist

Record rebound in home loan borrowing, but investor loans struggle to recover

The rebound from Australia’s first recession in almost 30 years appears to be underway as people spend record amounts on the homes they want to live in, according to the ABS.

Home Loans

13 Oct, 2020

5 min read

Record rebound in home loan borrowing, but investor loans struggle to recover
Alison Cheung

Finance Writer

First home buyers could lose out due to higher interest under government scheme

What first home buyers could save by purchasing a new property under the First Home Loan Deposit Scheme won’t be enough to offset the extra interest costs they could be facing over the life of the loan.

Home Loans

12 Oct, 2020

6 min read

First home buyers could lose out due to higher interest under government scheme
Liz Seatter

Senior Finance Writer

Westpac lowers serviceability floor to accommodate for low rates

Australia’s second largest bank, Westpac, has taken action to help some people borrow more from the bank and its subsidiaries.

Home Loans

09 Oct, 2020

2 min read

Westpac lowers serviceability floor to accommodate for low rates
Tony Ibrahim

Senior Journalist

Housing prices could spiral as 15 per cent struggle to resume mortgage repayments

About 15 per cent of people who deferred their mortgages are at risk of not being able to resume repayments, the RBA said, possibly leading to a sell-off of homes at a loss and a ‘housing fall’.

Home Loans

09 Oct, 2020

6 min read

Housing prices could spiral as 15 per cent struggle to resume mortgage repayments
Alex Ritchie

Personal Finance Editor

New home lending surges to highest level since January 2018

New home lending made another surge in August, despite the fact Australia was staring down the barrel of a recession.

Home Loans

09 Oct, 2020

3 min read

New home lending surges to highest level since January 2018
Alison Cheung

Finance Writer

Homes could sell at a loss as time ticks for struggling borrowers with mortgage deferrals

More property owners could be facing losses when selling this year as mortgage repayment deferrals come to an end, though investors may be more susceptible to risk.

Home Loans

08 Oct, 2020

4 min read

Homes could sell at a loss as time ticks for struggling borrowers with mortgage deferrals
Liz Seatter

Senior Finance Writer

No RBA cut but home-owners can save three times more by refinancing

The Reserve Bank has left the cash rate on hold today at 0.25 per cent but has left the door open to a future cut.

Home Loans

06 Oct, 2020

4 min read

No RBA cut but home-owners can save three times more by refinancing
Alison Cheung

Finance Writer

New first home loan government scheme limited to new homes, price caps hiked

The First Home Loan Deposit Scheme (FHLDS) has been expanded with increased property price thresholds, but buyers are limited to new-build homes.

Home Loans

06 Oct, 2020

5 min read

New first home loan government scheme limited to new homes, price caps hiked
Tony Ibrahim

Senior Journalist

RBA holds interest rates, no cut to extraordinary low

Home loan repayments will not likely drop after the nation’s central bank held the cash rate at the historic low of 0.25 per cent, offering the financially strained little additional relief.

Home Loans

06 Oct, 2020

5 min read

RBA holds interest rates, no cut to extraordinary low