Mortgage News
Western Australia Is A Strong Choice For The First Home Buyers
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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bookmarkTags: first home buyers, Perth Mortgage Brokers, WA First Home Buyers, WA Property Market
Lockdown Relief Options For NSW
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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bookmarkTags: mortgage relief, mortgage relief options
Cash Rates Unchanged In June: Investors Moving In
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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bookmarkTags: Investment lending, property prices, RBA cash rates
Australians Anxious About Buying A Home
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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bookmarkTags: First home Buyer, investment property, Mortgage Broker
How COVID-19 Has Affected The Regional Property Market
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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bookmarkTags: COVID-19 effects, Investors, Regional property market
Why It Is Better To Buy A Home In 2021 Than 2022
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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bookmarkTags: 2022 predictions, buy home 2021
Increase In Fixed Interest Rates On The Horizon
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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bookmarkTags: fixed interest rates, property market update, Victoria
Banks Are Raising Long-Term Interest Rates
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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bookmarkTags: big four, fixed interest rates, Interest Rates, low fixed interest rates
Stamp Duty Victoria—How Will The Planned Increase Affect Homebuyers?
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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bookmarkTags: Stamp Duty, tax hike, Victoria
High-End Sydney Home Prices Rise Twice The Rate Of Cheaper Properties
The higher end of Sydney’s property market is rising twice as fast as the mid-range market, and four times faster than the lower-end market. Annually, mid-priced houses are up 14.1% to a new peak of $1.05 million, while the cheapest houses are up 10% to a record $528,000. COVID-19...
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bookmarkTags: Australian property market, rentvesting, Turnaround time
