Young Australians blindly optimistic they’ll own a home

Many young Australians are “blindly optimistic” they will eventually own a home despite stagnant wage growth, worsening affordability, and not actively planning for homeownership, a new report shows.

Home lending ticks upwards in June

The latest home lending data for the month of June shows a 1.3% monthly increase in the value of loans approved.

Reserve Bank keeps cash rate steady

The Reserve Bank has decided not to go for the hat-trick of rate cuts and has instead maintained the official cash rate at 1.00%.

RBA rate hold August: Get your own rate cut

Australia’s cash rate has not been cut again this month, which means if you want a rate reduction on your home loan, you’ll have to do it yourself.

Property market stabilises in July

CoreLogic data has shown five of the eight capitals recorded a slight rise in property values in July, resulting in a 0.1% national increase.

Big four fixed rate cuts: Is it time to fix your rate?

Amid strong expectations of further cash rate cuts and tentative signals of a property market rebound, Australia’s largest banks are among the many lenders tempting mortgage-holders to lock in their interest rates with some attractively low fixed-rates.