News

Property market will continue to strengthen in 2020: NAB

The Australian housing market will continue to gain momentum in 2020, according to the latest research from NAB.

By William Jolly ● October 24, 2019

Many Aussies “dead wrong” about property investors

When most people think of a property investor, it’s easy to think of some fat cat in a suit hoarding up as many homes as they can on the cheap before selling them off for a profit, to the chagrin of those struggling to enter the property market.

By William Jolly ● October 23, 2019

Citi, HSBC and Pacific Mortgage Group cut fixed home loan rates

With at least one more cash rate cut expected in the near future, a few more lenders have cut fixed home loan rates below 3.00% p.a. – enticing borrowers to lock in their interest rates.

By Emma Duffy ● October 22, 2019

Bank CEO hits back at Treasurer for ‘bank bashing’

The Chairman and CEO of non-major bank MyState has fired back at the federal government over its criticism of banks not passing on interest rate cuts in full.

By Emma Duffy ● October 18, 2019

First home buyers don’t care much for the cash rate

Home loan interest rates may be falling to new lows each month (or so it would seem), but this doesn’t seem to always have a positive effect on first homeowner activity, according to new research.

By William Jolly ● October 18, 2019

First Home Loan Deposit Scheme gets the green light

The Coalition Government passed new laws through Parliament this week to implement the First Home Loan Deposit Scheme, which will provide a guarantee to eligible first home buyers to purchase a home with a deposit as low as 5%.

By Emma Duffy ● October 17, 2019

Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy.

By Emma Duffy ● October 15, 2019

Up Bank and Transferwise announce partnership set to make sending money overseas cheaper

More than 130,000 Up Bank customers will now be able to send money abroad in 52 currencies directly from their transaction account without having to leave the app.

By Emma Duffy ● October 15, 2019

Former ACCC Chair urges borrowers to consider non-bank lenders

If you’re wondering why your bank hasn’t passed on interest rate cuts in full, former ACCC Chair Graeme Samuel says fed up borrowers should take their business to smaller lenders.

By Emma Duffy ● October 15, 2019

69% of millennial homeowners only took five years to save for house deposit: ING

Owning a home has seemed out of reach for a lot of millennials but new research from ING suggests it could be far more achievable than we think.

By Emma Duffy ● October 14, 2019

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