Home Loans & Mortgages Blog | Home Loan Experts

High Interest Rates, Inflation, Financial Hardship: Here’s How You Can Prepare

personOtto Dargan access_timeAugust 12, 2022

The Reserve Bank of Australia (RBA) has begun raising its cash rate target, after more than a decade of low and falling cash rates. And the central bank anticipates several more rate hikes over the next two years. RBA Governor Philip Lowe says Australia’s cash rate will...

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NSW Announces Stamp Duty Reform

personOtto Dargan access_timeJune 21, 2022

As part of the First Home Buyer Choice housing package announced in the 2022-23 New South Wales state budget, first-home buyers in NSW can choose either to pay stamp duty upfront or pay a smaller annual property tax. NSW Premier Dominic Perrottet said it was a priority to...

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Home Values Drop For The First Time Since September 2020

personOtto Dargan access_timeJune 3, 2022

CoreLogic’s Home Value Index for May 2022 recorded its first national monthly decline since September 2020. National home values fell 0.1%. Sydney and Melbourne recorded falls of 1% and 0.7%, respectively. Canberra experienced its first monthly decline (-0.1%) since July...

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Labor Government Schemes To Help Home Buyers

personOtto Dargan access_timeMay 27, 2022

Labor’s win in the 2022 Australian elections brought a change in the government schemes available to first-home buyers and those who currently don’t own property. What Government Home Buying Schemes Are Available After The 2022 Election? The Labor government has introduced...

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ANZ: Housing Affordability Will Decline

personOtto Dargan access_timeMay 18, 2022

The findings from the latest ANZ CoreLogic Housing Affordability Report found a deterioration in housing affordability due to rapid increases in house prices and rental costs. The report analysed housing affordability in the March 2022 quarter based on four metrics: Dwelling...

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Super Home Buyer Scheme

personOtto Dargan access_timeMay 17, 2022

error The Super Home Buyer Scheme was proposed by the Coalition. Since the Coalition lost the 2022 federal election, this scheme will not be available. With affordability already low and a decreasing housing supply, Prime Minister Scott Morrison has announced a proposal...

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Sydney & Melbourne Drag Down Housing Market

personOtto Dargan access_timeMay 12, 2022

CoreLogic’s data revealed the home value index for April 2022 showed national growth of 0.6%. This is the lowest reading since October 2020. Sydney and Melbourne are the two cities with the heaviest weighting in the home value index. Sydney was down 0.2% for the third...

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RBA Increases Cash Rate To 0.35%

personOtto Dargan access_timeMay 4, 2022

The Reserve Bank of Australia (RBA) increased the cash rate by 0.25 percentage points; taking the historically low cash rate to 0.35%. An increase in the cash rate causes the interest rates on variable-rate mortgages to go up as well, as most lenders, including major...

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Flood Relief Packages For 2022 | What Support Is Available?

personOtto Dargan access_timeApril 20, 2022

The major banks in Australia have announced their financial relief packages for customers affected by significant flooding across southeast Queensland and parts of northern New South Wales. The following services are now available to customers whose finances the current floods...

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Home Guarantee Scheme Price Caps Increasing For 2022-23

personOtto Dargan access_timeApril 20, 2022

The government has announced higher price caps for 2022-23 for parts of its expanded Home Guarantee Scheme, which includes the First Home Guarantee (formerly the First Home Loan Deposit Scheme), the Family Home Guarantee and the proposed new Regional Home Guarantee. (Note:...

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