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Home Loan News

The latest home loans mortgage news and tips

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

Tony Ibrahim

Senior Journalist

First sub 2 per cent investor mortgage offered by Loans.com.au

An online lender has become the first in the industry to offer investors a mortgage rate below the coveted 2 per cent mark -- but there are a couple of conditions that need to be met.

Home Loans

24 Aug, 2020

3 min read

First sub 2 per cent investor mortgage offered by Loans.com.au

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

Money Editor

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