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Home Loan News

The latest home loans mortgage news and tips

Alison Cheung

Finance Writer

Athena offers automatic interest rate cuts to mortgage holders

Digital-only home loan lender Athena is dishing out automatic interest rate cuts to borrowers as they pay off bigger chunks of their mortgages.

Home Loans

12 Aug, 2020

4 min read

Athena offers automatic interest rate cuts to mortgage holders

Alison Cheung

Finance Writer

Mortgage stress affecting 40% of households, despite property market aflush with stimulus

Billions of dollars’ worth of government and bank support has failed to put a lid on mortgage stress, soaring to its highest level ever.

Home Loans

11 Aug, 2020

4 min read

Mortgage stress affecting 40% of households, despite property market aflush with stimulus

Mark Bristow

Personal Finance Editor

Lenders slash mortgage rates while Australians top up offset accounts

Average home loan interest rates have declined by between 33 and 45 basis points over the last quarter, according to the Reserve Bank of Australia (RBA). While this has reportedly led more Australians to refinance their mortgages and top up their offset accounts, fewer new home loans have been recorded.

Home Loans

08 Aug, 2020

4 min read

Lenders slash mortgage rates while Australians top up offset accounts

Tony Ibrahim

Senior Journalist

Government COVID-19 support payment extended, criteria relaxed

The Federal Government has expanded its JobKeeper support payment for businesses and relaxed eligibility criteria in the wake of a pandemic teetering on a second wave along Australia’s east coast.

Home Loans

07 Aug, 2020

4 min read

Government COVID-19 support payment extended, criteria relaxed

Alison Cheung

Finance Writer

The newest suburbs in Australia to crack the million-dollar mark

Forty-six suburbs across the country entered the million-dollar club in the year to June 2020.

Home Loans

06 Aug, 2020

5 min read

The newest suburbs in Australia to crack the million-dollar mark

Tony Ibrahim

Senior Journalist

Renters hit by pandemic rarely offered helpful discounts, survey finds

Less than ten per cent of renters confronted with a loss of income during COVID-19 were granted relief with an adequate discount, a report has found.

Home Loans

06 Aug, 2020

4 min read

Renters hit by pandemic rarely offered helpful discounts, survey finds

Laine Gordon

Money Editor

Home loan market shows signs of life as variable rates hit 1.95%

New home lending has partially recovered from its record drop last month according to ABS figures released today. It comes as home loan rates keep on tumbling, with a new lowest ongoing variable rate of 1.95 per cent now on the market.

Home Loans

05 Aug, 2020

4 min read

Home loan market shows signs of life as variable rates hit 1.95%

Tony Ibrahim

Senior Journalist

RBA makes the case for 20-storey apartments in Sydney

Planning controls -- and not demand -- have pushed the price of apartments in Sydney up by more than half of their construction costs, Australia’s central bank has found.

Home Loans

05 Aug, 2020

3 min read

RBA makes the case for 20-storey apartments in Sydney

Tony Ibrahim

Senior Journalist

As jobless figure creeps, more people defer mortgage repayments

Homeowners who deferred their mortgages are making less repayments than when the pandemic first struck, putting them in the position where they will likely face compounding interest charges in the thousands, according to data released by the financial regulator.

Home Loans

05 Aug, 2020

4 min read

As jobless figure creeps, more people defer mortgage repayments

Alison Cheung

Finance Writer

How COVID-19 is affecting the property rental market

Rental markets in Australia have taken a beating from COVID-19, with rents and yields falling in inner city areas.

Home Loans

04 Aug, 2020

5 min read

How COVID-19 is affecting the property rental market

Alex Ritchie

Personal Finance Editor

Cash rate held but low rates are still up for grabs

The Reserve Bank of Australia (RBA) has today held the cash rate at a record low of 0.25 per cent for the fifth month in a row. But there are still record-low home loan rates up for grabs for borrowers willing to make the switch.

Home Loans

04 Aug, 2020

3 min read

Cash rate held but low rates are still up for grabs

Laine Gordon

Money Editor

Borrowers rush to refinance as loyalty tax bites

The Reserve Bank is expected to leave the cash rate on hold at 0.25 per cent when it meets this afternoon. But a new survey from RateCity.com.au found 43 per cent of home loan borrowers are looking to refinance in light of COVID-19 and record low rates.

Home Loans

04 Aug, 2020

3 min read