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Mortgage News

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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Western Australia Is A Strong Choice For The First Home Buyers

personOtto Dargan access_timeJune 30, 2021

According to new research, more than 22,000 new housing loans to first home buyers in Western Australia were approved in the ten months between July 2020 and April 2021, nearly double for the same period the year before. In comparison to New South Wales and Queensland property...

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Lockdown Relief Options For NSW

personOtto Dargan access_timeJune 29, 2021

NSW is currently in a two-week lockdown. The big four banks promised to offer mortgage relief options ranging from loan deferrals to waiving fees for their customers going through financial hardship caused by NSW’s lockdown. Customers of ANZ Bank, Commonwealth Bank of Australia,...

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Cash Rates Unchanged In June: Investors Moving In

personOtto Dargan access_timeJune 2, 2021

The rapid surge in housing prices throughout 2021 hasn’t affected RBA’s stand on the cash rates. The bank held the cash rates at 0.1 per cent in June and is adamant that it will keep the cash rates low until at least 2023. This has helped in creating a property boom in Australia....

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Australians Anxious About Buying A Home

personOtto Dargan access_timeMay 31, 2021

An online bank owned by NAB surveyed 1,031 Australians from 8 to 10 March 2021. The results from the survey revealed Australians want to buy a home, but they needed more information regarding home loans: 44% of non-homeowners are anxious about buying their first home. This...

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How COVID-19 Has Affected The Regional Property Market

personOtto Dargan access_timeMay 28, 2021

One of the most significant impacts of COVID-19 in Australia has been the ‘working from home’ shift. According to the Household Impacts of COVID-19 Survey in February, 41% of people with a job have worked from home at least once a week in February 2021. Before March 2020,...

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Why It Is Better To Buy A Home In 2021 Than 2022

personOtto Dargan access_timeMay 26, 2021

The Reserve Bank of Australia has found that an average home would have cost you about 2.5 times the average household income back in 1990. Jump to 2021, and the disparity has increased by 100%. Housing across Australia costs five times the average household disposable income...

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Increase In Fixed Interest Rates On The Horizon

personOtto Dargan access_timeMay 24, 2021

The Reserve Bank of Australia (RBA) had increased its Term Funding Facility (TFF) for banks to $200 billion until June 2021. However, with TFF ending on 30 June 2021, how will it affect you? What is a term funding facility (TFF)? The term funding facility (TFF) was announced...

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Banks Are Raising Long-Term Interest Rates

personOtto Dargan access_timeMay 21, 2021

Australia’s major banks have begun raising long-term fixed interest rates in the past few weeks. Term CBA Westpac ANZ NAB 3 year fixed 2.19% 1.88% 2.04% 1.98% 4 year fixed 2.24% 2.19% 2.24% 2.19% 5 year fixed 2.99% 2.49% 2.24% 2.49% Data accurate as of May 21,...

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Stamp Duty Victoria—How Will The Planned Increase Affect Homebuyers?

personOtto Dargan access_timeMay 20, 2021

Victoria has planned an increase in its property tax. This hike will further increase an already high stamp duty Victoria has compared to other states. The plan is now hotly debated; many charge the state government of unfairness. If the planned tax hike goes through, homebuyers...

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