Home Loans & Mortgages Blog | Home Loan Experts

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

With affordability already low and a decreasing housing supply, Prime Minister Scott Morrison has announced a proposal called the Super Home Buyer Scheme. It would allow first-home buyers to tap into their superannuation fund for a deposit on a home if the Coalition government...

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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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2022 RBA Interest Rate Forecast: Bad News For The Property Market?

personOtto Dargan access_timeApril 19, 2022

The Reserve Bank of Australia (RBA) is finally considering hiking its cash rate, for the first time in more than a decade. The RBA has pushed its cash rate to record lows since 2011. When COVID-19 hit Australia in 2020, the central bank set its interest rate at 0.1 per cent,...

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Regions, Smaller Capitals Surge As Sydney And Melbourne Slow

personOtto Dargan access_timeApril 8, 2022

CoreLogic data revealed that the home value index was up 0.7% in March 2022. During the first quarter of this calendar year, dwelling prices in Australia rose 2.4%, adding about $17,000 to the value of a home. Within these national numbers, there was a notable split between the...

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Federal Budget 2022-23 | Home Guarantee Expands Into Regions

personOtto Dargan access_timeMarch 30, 2022

The 2022-23 federal budget had plenty for prospective home buyers, as the government announced expansions to its current home guarantee schemes, with a new regional home guarantee and other measures. There is also tax relief for low-to-middle-income families, plus new funding...

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Regional Home Guarantee | Buy In Regional Areas With A 5% Deposit

personOtto Dargan access_timeMarch 30, 2022

During the federal budget announcement, the government revealed it will expand its existing home buyer schemes and will introduce a new scheme for regional home buyers later this year. What Is The Regional Home Guarantee? The new Regional Home Guarantee will provide...

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