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Home Loan News

The latest home loans mortgage news and tips

Alison Cheung

Finance Writer

Falling home prices see better housing affordability across Australia

Housing affordability across the country is looking up, as property prices come down nationally due to COVID-19.

Home Loans

02 Sep, 2020

4 min read

Falling home prices see better housing affordability across Australia
Tony Ibrahim

Senior Journalist

House, apartment and townhouse developments recover after COVID-19 dip: ABS

The number of houses, townhouses and apartments given the green light to be developed sharply rose recently, turning the tide against a downturn exacerbated by the coronavirus pandemic.

Home Loans

02 Sep, 2020

4 min read

House, apartment and townhouse developments recover after COVID-19 dip: ABS
Alison Cheung

Finance Writer

Housing market loses steam, prices fall for four straight months

Australian housing values edged down by 0.4 per cent in August, marking the fourth consecutive month of falling prices due to COVID-19.

Home Loans

01 Sep, 2020

5 min read

Housing market loses steam, prices fall for four straight months
Tony Ibrahim

Senior Journalist

RBA holds mortgage interest rates at 30 year low, saving rates tumble

The Reserve Bank of Australia has decided to make no changes to the cash rate, a key metric used to corral the interest rate charged on home loans and savings accounts.

Home Loans

01 Sep, 2020

3 min read

RBA holds mortgage interest rates at 30 year low, saving rates tumble
Liz Seatter

Senior Finance Writer

No RBA cut likely, yet banks keep stinging savers

Savers are continuing to be stung by falling interest rates even though the Reserve Bank isn’t expected to cut the cash rate today.

Home Loans

01 Sep, 2020

4 min read

No RBA cut likely, yet banks keep stinging savers
Tony Ibrahim

Senior Journalist

Government’s first home buyers were able to buy four years quicker: report

A $400 million government scheme helped one-in-eight people buy their first property four years quicker, a report has found, leading to calls from an industry association for its expansion.

Home Loans

01 Sep, 2020

4 min read

Government’s first home buyers were able to buy four years quicker: report
Alison Cheung

Finance Writer

Reduce Home Loans brings record low mortgage interest rate down to 1.90%

A non-bank lender has today rolled out an introductory mortgage interest rate of 1.90 per cent, smashing the lowest variable rate record in Australia.

Home Loans

31 Aug, 2020

5 min read

Reduce Home Loans brings record low mortgage interest rate down to 1.90%
Tony Ibrahim

Senior Journalist

Three ways to tighten your budget during COVID-19

COVID-19 has torn through people’s work, social and home lives, creating a need for frugal spending. Here’s three ways you may be able to save money and push the dollars you're spending a little further.

Home Loans

28 Aug, 2020

3 min read

Three ways to tighten your budget during COVID-19
Alison Cheung

Finance Writer

COVID-19 disrupts home ownership plans for first home buyers

COVID-19 has thwarted the property purchase plans of many first home buyers.

Home Loans

26 Aug, 2020

6 min read

COVID-19 disrupts home ownership plans for first home buyers
Tony Ibrahim

Senior Journalist

Banks warn selling the family home should be an option for a struggling few

Senior bank executives are warning some customers may have to sell their homes and downsize, rather than being saddled with compounding interest on a mortgage they can't afford.

Home Loans

26 Aug, 2020

5 min read

Banks warn selling the family home should be an option for a struggling few
Tony Ibrahim

Senior Journalist

RBA: Australian property market can withstand a 40% crash

The Australian property market could withstand an ‘extreme’ scenario of dropping 40 per cent in value at a time of high unemployment, the RBA has said.

Home Loans

26 Aug, 2020

4 min read

RBA: Australian property market can withstand a 40% crash
Tony Ibrahim

Senior Journalist

COVID: To understand housing market’s recovery, investor group studies GFC

Property prices went up by 30 per cent or more in the Australian suburbs that best recovered from the GFC, research by an investment group found, offering insight into the recovery after COVID-19.

Home Loans

24 Aug, 2020

4 min read

COVID: To understand housing market’s recovery, investor group studies GFC