Flat chat: why units could soon become hot property
Apartments stand out as an affordable choice when it comes to cracking the property market, not to mention downsizing. But a looming shortage may soon push unit values higher. For many of us, buying a house on its own block of land is the ‘great Australian dream’. While plenty of people achieve this goal, our […]
3 ways pre-approval can give buyers an edge
There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. Here’s a handy tip: you don’t have to wait until you’ve found a home you’d like to […]
Property market climbs towards new peak
The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March. Here’s why national housing prices are climbing higher. Australia’s housing market is making a bigger comeback than Barbie. Despite interest rates rising 4% in a year and a cost of living crunch, home values have skyrocketed with prices soaring […]
How does your home loan compare?
No change to the cash rate again this month, but lenders’ mortgage rates have been jumping around more than a bunch of toddlers at a Wiggles concert. We reveal the current average rates to see how your loan compares. Home owners are celebrating the official cash rate staying on hold for several months. But behind […]
Low deposit first home buyers now have $82,000 in equity
First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows. It’s been three years since the First Home Loan Deposit Scheme was launched, and while it’s known today as the Home Guarantee Scheme (HGS), it’s still helping first […]
Help to Buy Scheme set to kick off in 2024
The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know. A key election promise of the Albanese government, Help to Buy is a […]
More Aussies turn to mortgage brokers for a hand managing hikes
An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help. A recent survey by the Mortgage & Finance Association of Australia (MFAA) shows 95% of mortgage brokers are meeting […]
Sneaky rate hikes – is your lender behind them?
The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Home owners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork just yet. Mozo reports that […]
Has the tide turned? What the RBA rate pause means for homeowners
Mortgage holders rejoice – the Reserve Bank of Australia (RBA) kept the cash rate on hold in August for the second month in a row. So have we finally reached calmer waters? Or is there one last rate rise wave headed our way? In what many will see as better news than a Matildas’ World […]
Why are fixed rates still rising? And when might they drop again?
With plenty of pundits tipping interest rates will start to fall in the next 12 months, we look at why the big banks are hiking their fixed rates – and unpack what it means for the rate outlook. The past few months have seen interest rates on fixed home loans deliver more ups and downs […]
