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Home Loan News

The latest home loans mortgage news and tips

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

Tony Ibrahim

Senior Journalist

Government funded granny flats - what you need to know

Granny flats could be tax exempt in some cases under proposals introduced in this year’s Federal budget, providing yet another incentive for people to hire construction workers and take advantage of a $25,000 government grant.

Home Loans

06 Oct, 2020

3 min read

Government Granny Flat Scheme: How to apply | RateCity

Liz Seatter

Senior Finance Writer

Home loan rates tumble in the last six months, despite no RBA cut

Australia’s banks have continued to cut home loan rates for new customers, despite no RBA cash rate move in the last six months.

Home Loans

06 Oct, 2020

4 min read

Home loan rates tumble in the last six months, despite no RBA cut

Alison Cheung

Finance Writer

House buyers tipped to come out on top in the property market

House buyers with plans to hold their future properties long-term may be in a strong position to nab a bargain in the property market despite COVID-19.

Home Loans

02 Oct, 2020

4 min read

House buyers tipped to come out on top in the property market

Tony Ibrahim

Senior Journalist

Renovation loans over $150k surge as Homebuilder grant lifts development

Loans for renovations over the $150,000 threshold of the government’s Homebuilder grant have experienced a surge, loan data reveals.

Home Loans

02 Oct, 2020

4 min read

Renovation loans over $150k surge as Homebuilder grant lifts development

Tony Ibrahim

Senior Journalist

Housing market shrinks for fifth month, but there’s signs of a recovery

There were signs of a housing recovery in the last month, but they weren’t enough to turn the tide against falling property prices in Australia’s largest cities, CoreLogic said.

Home Loans

01 Oct, 2020

4 min read