Home Loan News

New homes drop to lowest sale level since 2012

Australia’s Housing Industry Association has some news if you were hoping for real estate success with a new home this year, with as sales are low.

Property rents fall in some capitals, rise in others

Rents have fallen in Sydney and Darwin over the past year, while increasing in all the other capitals.

First home buyers claim their biggest slice of the property pie in six years

First home buyers have claimed their biggest share of new housing loans in more than six years, according to the latest ABS Housing Finance figures.

Neobank Xinja returns to crowdfunding with plans for home loans

The world of banks is changing, and where you get your nexy home loan from could well be one of the upcoming neobanks if Xinja is any indication.

More banks starting 2019 with interest rate changes

Bank Australia has increased the interest rate on its basic home loan by 10 basis points.

Lenders offering 3-year mortgages from as low as 3.69%

Australia’s big four banks and a host of challenger lenders are offering three-year fixed-rate home loans for under 4 per cent.

Bank of Queensland kicks off rate hikes for 2019

Bank of Queensland is the first bank to officially hike home loan rates out of cycle in 2019. Today’s announcement affects a range of BOQ variable rate loans including their Economy Variable Home Loan which is increasing by 0.11 per cent for new and existing customers.

Virgin Money becomes the next lender to hike home loan rates in 2019

Confidence in property industry at low point

A survey has found that at the end of 2018 confidence in Australia’s property industry fell to its lowest level in five years.

Bush Capital passes Harbour City for house rents

Canberra has overtaken Sydney as the most expensive place to rent a house, for the first time in 11 years, according to new Domain data.

Weakest housing market in a decade

Property investors likely didn’t have a great time in 2018, with CoreLogic recording some of the weakest housing market conditions since 2008.

Australian vacancy rate up alongside house rental prices

Across Australia, the number of rental vacancies is on the increase, which is good news for those looking for a home. The prices, however, might be up, too.