Home loan cashbacks are surging. Are they worth it? As competition for home loan customers peaks among major banks, a near-record number of lenders are attracting customers with sweeteners. The New Daily · Sep 23, 2022
Which banks are passing on the latest RBA interest rate rise to mortgage holders? NAB kicked it off, then ANZ and Commonwealth followed suit On Tuesday, the Reserve Bank of Australia announced it was raising the cash rate to 2.35 per cent. But Australia's big four banks have been slow to respond. ABC News · Sep 9, 2022
If there's a double interest rate rise this week, more borrowers become 'mortgage prisoners' As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance. ABC News · Sep 4, 2022
Australians abandon buying first home as loan costs outweigh property price drops Reserve Bank is expected to again lift the cash rate, extending the most rapid spate of rises since 1994 The Guardian - AU · Sep 1, 2022
Borrowers to feel the heat as RBA raises rates again, but new customers get cheaper deals As the economic outlook became more uncertain, lenders are competing harder for new customers, providing a good opportunity for home buyers with large deposits and owners who have paid off a sizeable portion of their property. ABC News · Aug 2, 2022
Auction clearance rates tumble as rising interest rates sap Australian homebuyers’ appetite CoreLogic data for June quarter highlights ‘tougher seller conditions’ with house prices in Sydney and Melbourne roughly in line with a year ago The Guardian - AU · Jul 25, 2022
Commonwealth Bank, ANZ, NAB and Wespac to lift variable mortgage rates by half a percentage point All of the big four banks will pass on the Reserve Bank's latest interest rate rise to home loan customers in full — but not all savers. ABC News · Jul 6, 2022
Homeowners warned to expect at least two further rate hikes as repayments soar Cash rate predicted to rise again in August as the RBA attempts to bring down rising inflation The Guardian - AU · Jul 4, 2022
Commonwealth Bank, ANZ, Westpac, NAB to raise variable mortgage rates by 0.25 per cent after RBA rate hike All of Australia's biggest banks have lifted mortgage rates, matching the Reserve Bank's 25-basis-point increase. ABC News · Jun 30, 2022
Double-digit drops in capital city property prices likely after RBA rate hikes Borrowers may find themselves in a ‘mortgage prison’ but low jobless rate means most households should still be able to pay off their loan, experts say The Guardian - AU · Jun 9, 2022
‘Mortgage prison‘: Home owners facing budget squeeze as interest rates rise Australians are being hit with a double whammy of rising mortgage costs and falling property prices as interest rates rise. The New Daily · Jun 6, 2022
Interest rates: RBA weighs up risk of ‘climb shock’ ahead of decision Economists split on how much Reserve Bank will lift cash rate on Tuesday as it looks to rein in inflation The Guardian - AU · Jun 6, 2022
'Big four' banks made huge profits as Australians took out bigger mortgages for pricier housing Australia's big four banks — ANZ, CBA, NAB and Westpac — now hold a whopping $1.87 trillion in home loans, and raked in big profits as Australians took on massive home loans. ABC News · May 9, 2022
Interest rates are set to start rising. What does that mean for mortgage holders and homebuyers? The RBA could hike rates as early as May. Will borrowers race towards fixed-rate home loans? The Guardian - AU · Apr 28, 2022
The Guardian - AU · Apr 27, 2022 Mortgage holders in outer suburbs could face ‘huge cliff’ as inflation and rates rise, experts say Inflation jumped in March, sparking expectations of a cash rate rise before the election, and concerns for mortgage holders
ABC News · Apr 19, 2022 Expanding the Home Guarantee Scheme comes with pros and cons for first-time property buyers The government is expanding its home guarantee and the value of properties eligible for it, but experts warn there are risks as well as benefits for would-be buyers.
ABC News · Apr 12, 2022 Rents 'explode' across the country, as house prices fall in many Melbourne, Sydney suburbs Record low numbers of available rental properties across the country are pushing up the price of rents in a "crisis" that analysts predict will worsen.
The Guardian - AU · Apr 5, 2022 Australia’s first-home buyers urged to ‘go in with eyes wide open’ about future rate rises The good news is more places on offer in the first-home guarantee scheme. The bad news could be higher mortgage repayments
ABC News · Apr 5, 2022 Reserve Bank holds interest rates for now but home owners brace for mortgage shock The Reserve Bank leaves the official cash rate on hold near zero, but borrowers are already bracing for what life may look like with higher mortgage interest rates.
ABC News · Mar 30, 2022 What you should know before you apply for the budget's First Home Guarantee The budget has increased the number of government-guaranteed loans available for first home buyers. But what are the pros, cons and potential risks of the scheme?
The Guardian - AU · Mar 2, 2022 Median home price could fall below $1m in Sydney and about $700,000 in Melbourne next year Nationally there could be an 8% drop in prices, modelling by RateCity using Commonwealth Bank housing forecasts suggests