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Home Loan News

The latest home loans mortgage news and tips

Tony Ibrahim

Senior Journalist

Australians readying to open their wallets and spend: Westpac

Australians are ready to spend their way out of a recession with consumer confidence soaring by almost 20 per cent in a month, research from Westpac suggests.

Home Loans

10 Sep, 2020

4 min read

Australians readying to open their wallets and spend: Westpac
Tony Ibrahim

Senior Journalist

Home loans rebound, largest monthly rise on record: ABS

The home loan market is showing signs of a recovery following the COVID-19 volatility with a surge in new commitments, figures from the ABS reveal.

Home Loans

10 Sep, 2020

3 min read

Home loans rebound, largest monthly rise on record: ABS
Tony Ibrahim

Senior Journalist

Coming off a ‘mortgage holiday’? Ask your bank these questions

Banks are checking in on 450,000 mortgages to see if payments can be resumed. Here's some questions you may want to ask and some tips to consider.

Home Loans

09 Sep, 2020

5 min read

Coming off a ‘mortgage holiday’? Ask your bank these questions
Tony Ibrahim

Senior Journalist

Almost $40 billion in loans default or are overdue for the quarter: APRA

Almost $40 billion in loans is either overdue or can’t be paid back to banks in the most recent quarter, according to APRA, and that number would’ve been higher had it included deferred mortgages.

Home Loans

08 Sep, 2020

3 min read

Almost $40 billion in loans default or are overdue for the quarter: APRA
Alison Cheung

Finance Writer

Greater Bank becomes 10th mortgage lender to offer an interest rate below 2%

Greater Bank has become the 10th mortgage lender to put forward an interest rate below 2 per cent.

Home Loans

08 Sep, 2020

4 min read

Greater Bank becomes 10th mortgage lender to offer an interest rate below 2%
Tony Ibrahim

Senior Journalist

ANZ Bank asks for larger home deposits in areas expecting a drop: reports

ANZ Bank is asking some new customers to increase their home deposits to hedge the risks of a downturn before they approve a mortgage in some Australian suburbs, an executive has said.

Home Loans

08 Sep, 2020

3 min read

ANZ Bank asks for larger home deposits in areas expecting a drop: reports
Alison Cheung

Finance Writer

Melbourne becomes capital city with the highest vacancy rate

Melbourne has overtaken Sydney to become Australia’s capital city rental market with the highest proportion of vacant properties.

Home Loans

07 Sep, 2020

5 min read

Melbourne becomes capital city with the highest vacancy rate
Tony Ibrahim

Senior Journalist

Half of all mortgage deferrals come up for review: ABA

About half of all people who deferred their mortgage will be contacted by their bank to evaluate their ability to resume repayments, a banking industry association has said.

Home Loans

07 Sep, 2020

5 min read

Half of all mortgage deferrals come up for review: ABA
Mark Bristow

Personal Finance Editor

Some of the best home loans in September 2020

September is the traditional start of the Spring Selling Season in Australia’s real estate markets. While 2020 remains a challenging year, with economic recession affecting both property buyers and sellers, banks and other mortgage lenders are continuing to slash home loan interest rates to new lows.

Home Loans

04 Sep, 2020

3 min read

Some of the best home loans in September 2020
Mark Bristow

Personal Finance Editor

6 options for borrowers whose mortgage holidays are coming to an end

Back in March 2020, Australia’s big banks and other mortgage lenders offered to let mortgage holders defer their home loan repayments and relieve some of the financial pressure from the pandemic. With the initial six-month time limit now coming to an end, many Aussie mortgage holders are now facing a choice of what to do next.  

Home Loans

04 Sep, 2020

4 min read

6 options for borrowers whose mortgage holidays are coming to an end
Alison Cheung

Finance Writer

How COVID-19 could make it easier for you to buy a home

The coronavirus has rocked Australia’s economy significantly, but there are signs that first-home buyers could benefit.

Home Loans

03 Sep, 2020

6 min read

How COVID-19 could make it easier for you to buy a home
Tony Ibrahim

Senior Journalist

Investment rentals face vacancies, lower rent and mortgage defaults due to border closures: Corelogic

Investors face empty properties, lower rents and a tougher time servicing their mortgage due to overseas migration falling to its lowest level in more than a century, analysts warn.

Home Loans

03 Sep, 2020

5 min read

Investment rentals face vacancies, lower rent and mortgage defaults due to border closures: Corelogic