Home Loan News

First Home Buyer numbers above average across Australia

New data has revealed first home buyers (FHBs) comprised the largest proportion of national owner-occupier mortgage activity since early 2012.

By Alex Brewster ● October 31, 2019

Government unveils details of First Home Loan Deposit Scheme

The scheme will be limited to those purchasing properties priced up to a maximum threshold which varies depending on the location of the property.

By Emma Duffy ● October 28, 2019

Broker sentiment improved following Banking Royal Commission

New research from MyState Bank has found broker sentiment has risen in the months following the release of the final report of the Banking Royal Commission.

By Alex Brewster ● October 28, 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

Westpac halves deposit requirements for interest-only investors

Westpac has loosened lending criteria for property investors, raising the maximum loan-to-value ratio (LVR) for interest-only loans to 90%, from 80%.

By Alex Brewster ● 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

One in five Aussies would rather give up social media for a month than enter the housing market

Searching for a new home is taking a toll on Aussie home buyers, with more than half saying it has affected their mental and emotional wellbeing, new research from Allianz reveals.

By Emma Duffy ● October 16, 2019

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