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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 August 2020

Between falling rents and rising vacancies in some capital cities, it’s a challenging time to be a property investor. Whether you’re applying for a new investment loan or are refinancing an existing loan, you can expect extra scrutiny from banks and mortgage lenders, requiring extra time and paperwork.

Home Loans

22 Aug, 2020

2 min read

Some of the best home loans for investors in August 2020
Tony Ibrahim

Senior Journalist

Risk and reward: COVID sows confusion in the mortgage market, survey finds

People are worried they don’t have the job security they need to buy a property, according to a new report, at a time when 10 per cent of the working population are forecast to be out of work.

Home Loans

21 Aug, 2020

3 min read

Risk and reward: COVID sows confusion in the mortgage market, survey finds
Alison Cheung

Finance Writer

ME Bank, People’s Choice and 86 400 cut home loan rates in two days

Three mortgage lenders have reduced their interest rates in the span of two days, as competition intensifies among lenders.

Home Loans

21 Aug, 2020

4 min read

ME Bank, People’s Choice and 86 400 cut home loan rates in two days
Laine Gordon

Head of Public Relations

COVID-affected customers should receive rate cuts not rate hikes: RateCity

From September, homeowners on a deferral who can’t resume their repayments can potentially extend the pause by an extra four months or switch to interest-only repayments.

Home Loans

21 Aug, 2020

4 min read

COVID-affected customers should receive rate cuts not rate hikes: RateCity
Tony Ibrahim

Senior Journalist

Westpac drops commissions for all customer facing staff, but what about the rest?

Westpac has changed the way it pays the workers people interact with, whether it’s in a branch or over the phone, choosing to drop controversial commission payments in favour of paying them a fixed salary.

Home Loans

21 Aug, 2020

4 min read

Westpac drops commissions for all customer facing staff, but what about the rest?
Liz Seatter

Senior Finance Writer

Eight lenders now offering home loan rates below 2%

There are now eight lenders offering home loan rates under 2 per cent, with People’s Choice Credit Union today cutting its 1-year-fixed rate to 1.99 per cent.

Home Loans

21 Aug, 2020

3 min read

Eight lenders now offering home loan rates below 2%
Alison Cheung

Finance Writer

Mortgage rate gap between owner-occupiers and investor home loan rates shrinks

The rift between owner-occupier and investor mortgage rates is narrowing, and investors can expect this to continue as new investor lending dwindles.

Home Loans

20 Aug, 2020

5 min read

Mortgage rate gap between owner-occupiers and investor home loan rates shrinks
Alison Cheung

Finance Writer

Regional housing values hold up stronger than capital city properties

Australia’s major regional housing markets are holding up stronger than capital city properties during the COVID-19 downturn.

Home Loans

18 Aug, 2020

4 min read

Regional housing values hold up stronger than capital city properties
Alex Ritchie

Personal Finance Editor

Aussies looking for sea change considering the Sunshine Coast

Do the COVID-19 blues have you daydreaming of sunny Queensland and considering a sea change? You’re not alone, as the latest data from Image Property shows that the idea of moving to the Sunshine Coast is growing in popularity.

Home Loans

18 Aug, 2020

4 min read

Aussies looking for sea change considering the Sunshine Coast
Tony Ibrahim

Senior Journalist

HomeBuilder: As development forecasts slump, government announces red tape cuts

Tradies, teachers and property agents will be able to work across the country – bucking a policy of state-bound licencing – in a plan designed to cut red tape and boost work opportunities.

Home Loans

18 Aug, 2020

5 min read

HomeBuilder: As development forecasts slump, government announces red tape cuts
Alison Cheung

Finance Writer

Two-tier rental market emerges as inner Sydney and Melbourne rental stock shoots up

Rental listings have shot up in inner city pockets of Sydney and Melbourne since COVID-19, despite Australia’s broader rental market beginning to tighten.

Home Loans

17 Aug, 2020

6 min read

Two-tier rental market emerges as inner Sydney and Melbourne rental stock shoots up
Tony Ibrahim

Senior Journalist

Two pronged plan to jump start Australia’s economy: Philip Lowe

Australia’s economic future depends on containing the spread of the coronavirus and how well it can create jobs going forward, Philip Lowe, the head of the RBA, told a parliamentary committee.

Home Loans

14 Aug, 2020

5 min read

Two pronged plan to jump start Australia’s economy: Philip Lowe