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
Home buying bargains in regional Australia

Where can you find a property bargain? The cost of living in Sydney is inarguably high. As a comparison, house prices are approximately 23 per [...]

POSTED ON September 24, 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
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
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
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
Trending Financial News 26 June

Which bank has more system outages than any other? There were more than 300 service disruptions at Australian banks and other financial institutions in the [...]

POSTED ON June 26, 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
Trending News 11 June

More NAB home loan borrowers will get compo National Australia Bank will pay back almost 5,000 more home loan customers who were overcharged interest. The [...]

POSTED ON June 11, 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
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
Trending News 31 May

First lender smashes through 3 per cent barrier The first lender in Australia to announce a retail home loan rate under three per cent is [...]

POSTED ON May 31, 2019
Trending News 30 May 2019

New record low home loan rate announced Two lenders have already announced significant interest rate cuts, well ahead of an expected RBA rate cut next [...]

POSTED ON May 30, 2019
Trending News 29 May 2019

Which bank has the most satisfied customers? Customer satisfaction with the big four banks declined sharply during and following the 11-month Hayne Royal Commission into [...]

POSTED ON May 29, 2019
Two new banks set to take on the big four

Commonwealth Bank, Westpac, National Australia Bank (NAB) and ANZ Bank dominate Australian lending and banking with more than 80 per cent of the market between them.  [...]

POSTED ON May 10, 2019
Boom in home equity loans

For the first time, borrowing to fund travel, cars and consumer goods is outstripping new spending on housing, according to the Reserve Bank. Australians are [...]

POSTED ON April 3, 2019
New wave of BPay fraud

B-Pay fraud has started again - criminals are using credit cards to circumvent recently-installed security safeguards. In Sydney over the past three weeks 12 people [...]

POSTED ON April 3, 2019
Tips to know a suburb is booming before you buy

Location! Location! Location! That’s what it’s all about when buying your ideal home. How close is the nearest park or grocery store? Is there somewhere [...]

POSTED ON February 22, 2018
What is a low doc home loan?

We’re often told in order to buy your own home you need provide proof of a steady income. But for some, this isn’t always possible. [...]

POSTED ON February 19, 2018
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
First-time home buyers guide

There’s a lot to wrap your head around when buying a property, including inspections, loan applications and finding the right conveyancer. In fact there are [...]

POSTED ON October 25, 2017
What is the best home loan for bad credit?

Just because you have a low credit score (sometimes referred to as bad credit) doesn’t mean you’ll miss your opportunity to own a home one [...]

POSTED ON October 11, 2017
What types of home loans are there?

When it comes to home loans there’s no one-size-fits-all approach. Mortgages can be complicated, as the market offers different payment options, ways of calculating interest [...]

POSTED ON October 10, 2017
ATM Fees Get The Axe From Four Big Banks

Australian’s biggest banks have decided to axe ATM’s fees for customers of other banks. Commonwealth Bank (CBA) announced on Sunday that they were axing ATM [...]

POSTED ON September 25, 2017
What is a Home Loan?

A home loan or mortgage is an agreement between a lender – usually a bank, credit union or building society – and a property owner. [...]

POSTED ON September 22, 2017
Moving House Checklist: 7 easy tips

Whether you've rented a new property, bought your first home or you're moving interstate, moving day can start to feel overwhelming. Here are some quick [...]

POSTED ON September 22, 2017
Think you’ll never own property? Think again

Between investor competition and skyrocketing property prices, first-time home buyers have been having a hard time getting into the property market. But for some, a [...]

POSTED ON June 7, 2017
Retirement savings: How to invest for your future

Retirement doesn’t come cheap. If you’re hoping to maintain a comfortable standard of living long after ceasing work, it’s worth looking into investment options beyond [...]

POSTED ON May 9, 2017
How to meet your financial goals for 2018

Are you hoping to settle your debts, save for a trip overseas or maybe start a small business in 2018? Whatever your financial goals this [...]

POSTED ON May 8, 2017
How to make your money grow without property

If you've been working hard and saving, investing can help multiply your hard-earned cash. So what are your options other than buying property? Here's a [...]

POSTED ON May 8, 2017
How to buy property as a millennial

Growing up a millennial certainly has its advantages, like having a strong entrepreneurial mindset and dreams of self-employment. In fact, the disposable income of Australian [...]

POSTED ON March 27, 2017
Saving for a holiday and a house

Climbing the corporate ladder is hard work, and you’ll naturally want to take some time out occasionally. Travelling is a great way to rest, recharge [...]

POSTED ON March 27, 2017
March home loan interest rate update

The Reserve Bank of Australia board has met for March 2017 and decided to leave official interest rates at the historically low level of 1.5 [...]

POSTED ON March 8, 2017
How can mum and dad help me to buy a house?

The Prime Minister Malcolm Turnbull says parents should assist their adult children to break into expensive property markets. Without assistance, young Australians struggle to achieve [...]

POSTED ON February 20, 2017
Why are interest only home loans so popular?

Interest only home loans are becoming more popular than ever before with owner-occupiers. Demand for interest-only home loans is now booming. The Reserve Bank of [...]

POSTED ON February 7, 2017
A home loan that pays school fees!

An Australian credit union has launched a home loan that makes contributions toward school fees or a scholarship fund. Gateway Credit Union says 28 per [...]

POSTED ON February 6, 2017
Banks repay mortgage offset mistakes

The popularity of mortgage offset accounts has soared in recent years. The Reserve Bank says money held in offset accounts is growing by about 30 [...]

POSTED ON February 3, 2017
Home loans – To fix or not to fix?

Standard variable and fixed rate home loan rates are now at historic record low levels. Australians have never paid less in interest to buy their [...]

POSTED ON January 25, 2017
Stamp Duty Guide

Stamp duty, is usually not something people give too much thought to, until they go to buy a home. For most people, they’ll be affected [...]

POSTED ON January 20, 2017
Oh No! Banks are raising rates again

Three big banks and several smaller lenders have raised home loan interest rates over the summer break. Meanwhile, one bank has cut some of its [...]

POSTED ON January 18, 2017
Property investors brace for big changes

Borrowing to invest in property is booming. More than 35 per cent of all home loans in Australia are now held by investors. And it’s [...]

POSTED ON January 9, 2017
Happy New Year, Happy New Home Loan

A new home home loan could save you thousands this year, and every year. Switching to a new lender and refinancing has become a lot [...]

POSTED ON January 3, 2017
What does mortgage offset mean?

Mortgage offset means offsetting your loan balance against your savings balance. A mortgage offset account is a daily transaction banking account or a savings account [...]

POSTED ON December 21, 2016
Are borrowers fleeing one big Aussie bank?

Australians are borrowing more and it’s making them richer. Aussie households are increasing their debt levels to invest and grow their wealth more than ever [...]

POSTED ON December 9, 2016
More home loan rate rises as the cycle turns

More lenders are raising interest rates despite the Reserve Bank deciding this week to leave the official cash rate unchanged for December 2016 and January [...]

POSTED ON December 8, 2016
The home loan rate cycle has turned-up

For the first time in many months, there were more fixed home loan rate rises in November 2016 than rate cuts. More lenders are jacking [...]

POSTED ON December 2, 2016
Trouble is brewing in the Aussie mortgage market

Home loan borrowers are turning on their lenders and sending big bank customer satisfaction ratings down.   Roy Morgan Research reports that the average satisfaction [...]

POSTED ON November 29, 2016
You don’t need to pay for your broker’s trip

Commissions and incentives, including holidays, cruises and trips to the Playboy mansion, paid by lenders and mortgage aggregators to mortgage brokers are under investigation by [...]

POSTED ON October 31, 2016
Key home loan terms you should know

There’s a lot to consider when comparing home loans. Should you choose a fixed interest loan or opt for a variable rate? Do you qualify [...]

POSTED ON October 28, 2016
How to apply for a home loan

Owning your own home is the great Australian dream, but signing up for a home loan is a long-term financial commitment. That’s why it’s so [...]

POSTED ON October 28, 2016
Refinancing is the new black

Mortgage refinancing is switching your home loan to another lender. You do this by applying for and taking out a new loan on the same [...]

POSTED ON October 25, 2016
Do you want your smashed avo and a home too?

Respected demographer and social commentator Bernard Salt questioned whether “hipsters” should be spending money on “smashed avocado” brunches instead of saving for a home deposit. [...]

POSTED ON October 21, 2016
Lenders announce new home loan discounts

Fierce competition amongst Australian lenders has led to a raft of rate cuts. Following the Reserve Bank of Australia’s August rate cut, home loan rates [...]

POSTED ON October 19, 2016