Home Loans

Customers could flee big banks under open banking: Moody’s

The profitability of Australia’s major banks is under threat thanks to low interest rates, intense competition and open banking, according to a report from ratings agency Moody’s.

By William Jolly ● November 25, 2019

What is comprehensive credit reporting?

Credit reporting changes will soon be in effect across the board, so what’s changed and how will it affect you?

By Alex Brewster ● November 22, 2019

REIQ: No winners under QLD rental reforms

The Real Estate Institute of Queensland (REIQ) has slammed changes to Queensland rental legislation, labelling them reckless and damaging.

By Alex Brewster ● November 22, 2019

Home buying intentions jumping back to record highs, CBA says

Near-record numbers of house hunters are jumping back into the market and are determined to buy property, a clear sign monetary policy stimulus is working, according to Commonwealth Bank.

By Emma Duffy ● November 21, 2019

10 Sydney property market predictions for 2020

Australia’s most-talked-about property market, Sydney, looks to be heating up at the moment, with a 5% gain in median home values over the three months to 31 October 2019.

By William Jolly ● November 21, 2019

Fixed-rate home loans remain unpopular

New data has revealed demand for fixed-rate home loans stalled in October despite record low rates.

By Alex Brewster ● November 21, 2019

Commbank, Westpac predict the next rate cut will occur in February 2020

Major banks Westpac and Commonwealth Bank have held their view that the next Reserve Bank rate cut will occur in February next year, after the central bank released the minutes of its November cash rate meeting yesterday.

By William Jolly ● November 20, 2019

Pet-friendly properties a top priority for home buyers looking for fur-ever home

Over half of Aussies place more importance on the pet-friendliness of a home rather than its proximity to family and friends.

By Emma Duffy ● November 20, 2019

How does home loan pre-approval work?

Buying a home is an exciting time in one’s life, and why shouldn’t it be? You’re making what’s likely to be the biggest purchase in your entire life, and it’s somewhere you could be living for decades to come.

By William Jolly ● November 19, 2019

Population growth stifles housing affordability

While the recent property downturn improved asking prices and serviceability, affordability in Sydney and Melbourne remains an issue due to high population growth.

By Alex Brewster ● November 19, 2019

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