Home Loans

Coronavirus sees $7 billion worth of loan repayments deferred

Australians experiencing financial hardship due to COVID-19 have deferred $6.8 billion business, mortgage and other loan repayments.

By Alex Brewster ● May 04, 2020

Commbank starts reducing customers' home loan repayments to the minimum

Commonwealth Bank has started to automatically reduce home loan repayments for eligible customers to the minimum amount.

By Alex Brewster ● May 01, 2020

Housing activity plunges as nervous buyers and sellers desert the market

Buyers and sellers deserted the national property market in April hoping to wait out the impacts of coronavirus, with new figures showing a slowdown in house prices.

By Emma Duffy ● May 01, 2020

What is an RMBS?

Mortgage-backed securities, infamous for playing a part in triggering the 2007-08 global financial crisis, have a colourful reputation. You may heard of them through films like The Big Short and Inside Job. But what is a mortgage backed security? It’s a lot simpler than you think.

By Harrison Astbury ● April 30, 2020

Coronavirus sees personal credit hit 12-year low while business credit spikes

Personal credit growth declined 1.4% in March, the steepest monthly fall since the global financial crisis in November 2008.

By Alex Brewster ● April 30, 2020

NAB: Coronavirus impact could see house prices drop 30%

A worst-case COVID-19 scenario could see Australian house prices decline by a cumulative 30%, NAB research shows.

By Alex Brewster ● April 28, 2020

Banks make it "unnecessarily difficult and costly" for borrowers to compare home loans, says ACCC

Australia's consumer watchdog says the big four banks have made it "unnecessarily" difficult for borrowers to compare home loans, and it could be costing customers up to $5,000.

By Emma Duffy ● April 28, 2020

Westpac: RBA cash rate to remain unchanged until 2023

Australia's cash rate will hold at 0.25% for at least three years, according to economists at Westpac.

By Alex Brewster ● April 24, 2020

Bank of Sydney cuts fixed home loans by up to 97 basis points

More focus has been put on fixed home loan interest rates, as a bevy of lenders in the past week cut by up to 97 basis points.

By Harrison Astbury ● April 24, 2020

Sellers drop asking prices as coronavirus economic uncertainty looms

Property values rose in every capital city over March but some vendors are cutting their asking prices, as economic and job uncertainty from coronavirus looms.

By Emma Duffy ● April 23, 2020

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