Home Loan News

Fewer homes taken to auction in July

New research from CoreLogic has found that auction volumes remain lower year-on-year, with the number of homes taken to auction over the first week of July less than that of the same time last year.

APRA changes: why the average Aussie family can now borrow $60K more

APRA’s decision today to remove the 7 per cent floor on home loan serviceability assessments will help take the brakes off Australia’s home loan credit crunch.

What the big bank rate cuts mean for mortgage holders

Variable mortgage rates set to fall below 3 per cent

Why the banks aren’t likely to pass on the next RBA rate cut in full

The RBA could cut the cash rate again as early as tomorrow however it’s unlikely the big four banks will pass it on in full.

Comprehensive credit reporting is about to reach critical mass

The future has arrived. And borrowing money will never be the same again.

“Emotionally draining”: how first home buyers can avoid application anxiety

For many lucky Australians, buying your first home can be a positive experience. But new research from St. George shows that the majority of applicants find the process emotionally draining.

RBA signals that more home loan rate cuts are coming

Banks have been cutting mortgage rates left, right and centre – and it seems more interest rate reductions might be just around the corner.

Do stricter home loans mean more mortgages in arrears?

Australia’s banks have been recently taking steps to lend money more responsibly, making it that little bit harder for some Aussies to get a home loan. However, according to the Reserve Bank of Australia (RBA), this tightening of lending standards may be partially responsible for a recent increase in the number of Australians falling into arrears on their mortgage repayments.

Banks back away from risky business

Banks continue to turn their backs on riskier home loans, as the value of new interest-only and low doc loans hit record lows, according to APRA data released today.

How to finance a granny flat

Forking out over $100k for a granny flat is a hard ask for may Australians, so here are two common ways you can finance your new build.

Low rate lenders battle it out with history-making variable rates

Australia’s low rate lenders are battling it out with variable rates now tumbling as low as 3.09 per cent.