Guide to first home loan deposit scheme.

Who can qualify for the First Home Loan Deposit Scheme? Your two-minute FAQ guide to the First Home Loan Deposit Scheme Whilst seasoned campaigners understand [...]

POSTED ON October 29, 2019
Athena Home Loans

Athena Home Loans like to deliver savings When the Reserve Bank of Australia announced a 0.25 percentage point rate cut this week, the first lender [...]

POSTED ON October 3, 2019
Guarantor Home Loans – How to Get One

What is a guarantor home loan and how does it work? Quite simply, a guarantor home loan is one that has a portion of the [...]

POSTED ON September 19, 2019
How much can I borrow?

New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]

POSTED ON September 13, 2019
Big banks join low rate mortgage war

Westpac announces amazing new low rates and first major regional bank goes under 3%* Westpac slashes home loan rates by up to 1.30%. Westpac has [...]

POSTED ON September 10, 2019
What to consider when refinancing your home loan

By Richard Holdcroft With the lowest home loan interest rates in history now on offer, there are potentially huge savings to be had on your mortgage. Thanks [...]

POSTED ON September 5, 2019
Could Australia get negative interest rates?

The world economy is in totally uncharted territory. Last week central bankers from around the globe met in Jackson Hole, Wyoming, USA and tried to [...]

POSTED ON August 29, 2019
Great home loans for refinancers

Home loans typically last for 25 or 30 years, unless you repay it early or refinance. Refinancing means using a new loan to pay off [...]

POSTED ON August 23, 2019
These two men determine your home loan rate

US President Donald Trump is an unconventional and controversial political leader. That’s not news but what you may not realise is how much influence Mr [...]

POSTED ON August 22, 2019
How much can I save with refinancing?

How much can I save by refinancing? Refinancing your home loan could be one of the best financial decisions you ever make. And refinancing is [...]

POSTED ON August 16, 2019
Westpac beats watchdog in battle of the beef

Westpac has emerged victorious after a bombshell court decision today that vindicates automated assessments of loan applicant’s living expenses using a formula called the Household [...]

POSTED ON August 13, 2019
Great time to be a borrower

Home loan rates have hit all-time record lows. The property market is showing signs of recovery. Regulators have eased home loan eligibility guidelines. Lenders are [...]

POSTED ON July 30, 2019
Your home loan deposit explained

For many of the hopeful, wannabe homeowners in Australia, it’s not keeping up with home loan news and finding the right property that stumps them, [...]

POSTED ON July 12, 2019
How to get a self-employed home loan

You might love the freedom of being self–employed but you probably don’t like the attitude of banks and lenders to self-employed loan applicants. One of [...]

POSTED ON July 12, 2019
Home loans with rates UNDER 3%

Home loan rates in Australia have never in living memory been as low as they are now. In short, it’s a great time to be [...]

POSTED ON July 11, 2019
Big changes coming soon to home loan rules

Thousands of Australians who are currently considered not able to afford a home loan are about to suddenly become eligible for mortgage credit. Home loan [...]

POSTED ON July 5, 2019
Are there any green banks in Australia?

Which bank is greenest? Are you concerned that the planet is warming and some politicians are really not responding with appropriate urgency? Are you concerned [...]

POSTED ON June 25, 2019
Buying versus renting in Australia

“It is more affordable to buy than rent” Which cities and towns are cheaper for home buyers than renters? Suddenly in 2019, there are plenty [...]

POSTED ON June 13, 2019
How low can interest rates go?

Tuesday June 4 will be remembered as the day the Reserve Bank of Australia (RBA) reduced interest rates to a new all-time record low. The [...]

POSTED ON June 13, 2019
First lender passes on full RBA rate cut

Non-bank lender announces amazing new super-low comparison rate The Reserve Bank of Australia has just announced an historic cut in the official cash rate (OCR) [...]

POSTED ON June 4, 2019
Does Australia need an interest rate cut?

Does Australia need an interest rate cut? Vote YES or NO Should monetary policy put “People before Profits” or “Poverty before Property Prices?” The [...]

POSTED ON June 3, 2019
Good news about bad credit

Many Australians worry about their credit rating these days, especially if they know their own rating isn’t as good as it could be. Finding out [...]

POSTED ON June 3, 2019
Over 40? Do you have an exit strategy?

Life is meant to begin at 40. You’re older. Wiser. Better equipped to deal with the world and what it throws at you, except, apparently, [...]

POSTED ON May 31, 2019
First Aussie bank smashes through 3%

The first lender in Australia to announce a retail home loan rate under three per cent is Greater Bank. The Newcastle based mutual bank has [...]

POSTED ON May 31, 2019
Lenders slash variable and fixed rate mortgages

The Reserve Bank of Australia has stubbornly resisted cutting interest rates in recent years but some lenders have been slashing their variable rate, and fixed [...]

POSTED ON May 5, 2019
Good credit history? New laws could help you save

The Turnbull government has announced ‘game changing’ new laws that will allow Australian’s to negotiate a better deal on their home loans, credit cards and [...]

POSTED ON November 8, 2017
What is an interest-only home loan?

Interest-only mortgages require much lower repayments than traditional ‘principal and interest’ home loans. Interest-only home loans are particularly popular with property investors who want to [...]

POSTED ON August 2, 2016
Mortgage stress is a growing problem

The proportion of prime Australian housing loans now in arrears has been rising in Australia for the last six months according to Standard & Poor’s. [...]

POSTED ON June 28, 2016
Will Brexit lead to more RBA rate cuts?

Global markets are braced for further Brexit related volatility this week. Markets have priced in a much higher chance of Australian official interest rates being [...]

POSTED ON June 27, 2016
Which bank is still our favourite big bank?

National Australia Bank has suffered a heavy fall in customer satisfaction. According to Roy Morgan Research, NAB's rating fell 3.3 percentage points over the 12 [...]

POSTED ON June 23, 2016
Average home loan is going down

Repayments on the average new mortgage are $254 less now, in mid-2016, than they were at Australia's borrowing peak in November 2015. That saving is [...]

POSTED ON June 22, 2016
Fixed rates have never been so low

Australian home loan borrowers are enjoying amazingly low interest rates and great competitive loan deals at the moment. But how much can a fixed rates [...]

POSTED ON June 20, 2016
How low can mortgage rates go?

Australian home loan borrowers have never had it this good. Lenders are now offering five-year fixed-rate deals at less than four per cent. But will [...]

POSTED ON June 17, 2016
Big changes for Queensland property buyers

The Queensland government announced that foreigners buying property in Queensland will pay a 3.0 per cent surcharge. REIQ chief executive Antonia Mercorella said foreign buyers [...]

POSTED ON June 16, 2016
Commonwealth Bank explains investor changes

Australia’s largest mortgage lender, the Commonwealth Bank has explained changes to investor home loan rates and rules following media reports it is loosening lending criteria [...]

POSTED ON June 15, 2016
What is the outlook for interest rates?

The Reserve Bank of Australia board was content to keep official interest rates on hold for June at the current setting of 1.75 per cent. [...]

POSTED ON June 8, 2016
How does a mortgage offset account work?

A mortgage offset account is a daily transaction banking account or savings account that is linked to a home loan. The balance in the account [...]

POSTED ON June 7, 2016
Where are interest rates heading?

Low inflation looks like it is here to stay for a long time so low interest rates are likely to also remain in place for [...]

POSTED ON June 7, 2016
Houses are getting more affordable – at last

According to the latest Housing Affordability Report by Adelaide Bank and The Real Estate Institute of Australia, residential property is becoming more affordable. The proportion [...]

POSTED ON June 2, 2016
Banks ease up on LVR rules

Getting into investment housing has become easier, with some major banks and credit unions now lending up to 95 per cent of the value of [...]

POSTED ON May 30, 2016
A new home loan hits the market

Sir Richard Branson launched Virgin Money Australia’s new home loan yesterday. Customers can earn 10,000 Velocity points for every $100,000 borrowed on a Virgin Money [...]

POSTED ON May 27, 2016
Its a fixed home loan rate cutting frenzy

Suncorp Bank has reduced its two-year fixed rate home loan rate to 3.74 per cent for owner occupiers borrowing $150,000 or more, with a maximum [...]

POSTED ON May 27, 2016
Wow – these fixed rates are really low

Teachers Mutual Bank’s three-year fixed rate has been reduced by 0.25 percentage points to 3.74 per cent (4.88 per cent comparison rate). Teachers Mutual Bank’s [...]

POSTED ON May 26, 2016
New home loan rules for apartments

Macquarie Bank has announced new tough rules for loans to buy high-rise and high-density apartments. Macquarie Bank now requires a maximum loan-to-value ratio of 70 [...]

POSTED ON May 25, 2016
SMSF home loans are increasingly hard to find

Lenders are continuing to wind back their lending to self managed superannuation funds in order to comply with regulator targets. Adviser Samantha Bright said lenders [...]

POSTED ON May 24, 2016
Big lender eases LVR rules on investment home loan

Australia’s biggest lender to landlords, Westpac, is lowering the size of the deposits it will require from property investors. Westpac is lifting the maximum loan-to-valuation [...]

POSTED ON May 24, 2016
New law could delay big property purchases

From 1 July 2016, new tax and superannuation laws introduce a 10 per cent withholding obligation on the purchasers of properties over $2 million where [...]

POSTED ON May 23, 2016