Record refinancing numbers appear to have hit a cliff, as the rate of borrowers looking to change lenders experiences a substantial fall. According to data from PropTrack, the winter months saw as many as 28,000 home owners externally refinancing to another lender, compared to the pre-pandemic average of roughly 15,000 owner-occupiers changing lenders in a […]
Borrowers often wonder how they could increase their borrowing capacity and buy multiple investment properties. Mortgage broker Eva Loisance offers her tips on how to nail it. Australian borrowers are faced with challenges on multiple fronts as current economic conditions make it increasingly difficult to secure a mortgage with lenders – especially those nearing their […]
The federal Treasurer has warned the latest rate hike will put further pressure on mortgage holders. Speaking at a press conference in Sydney following the Reserve Bank of Australia’s (RBA) Melbourne Cup Day rate decision (7 November), federal Treasurer Jim Chalmers stated that the move to raise interest rates will “make life harder for people […]
he latest ABS data on building approvals has revealed a fall in total dwelling approvals for September, becoming the third-lowest month since June 2012. The Australian Bureau of Statistics (ABS) latest data found the seasonally adjusted total number of dwelling approvals fell 4.6 per cent in September to 13,144, following the 8.1 per cent rise […]
Australia’s banks have begun raising interest rates on home loan and savings after the RBA’s latest rate increase. The Reserve Bank of Australia’s (RBA) November monetary policy meeting resulted in the official cash rate being increased to its highest level in 12 years, to 4.35 per cent, and lenders have wasted no time passing the increase […]
Taking a gamble: The fanfare surrounding this year’s Melbourne Cup significantly pales in comparison to what’s going on over at the Reserve Bank of Australia (RBA). In this episode of Property Finance Uncut, Smart Property Investment’s Phil Tarrant and Finni Mortgages’ chief executive Paul Glossop shed a light on the trajectory being set by Michele Bullock, the recently appointed governor […]
It’s very rare that anything overshadows the Melbourne Cup on November’s first Tuesday. The Reserve Bank of Australia’s (RBA) much anticipated cash rate decision did just that. The Reserve Bank of Australia has opted to raise the cash rate 25 basis point to 4.35 per cent. Leading into the central bank’s November board meeting, there […]
Despite a tough economic climate, 60 per cent of home buyers say now is a good time to purchase, according to Helia. Mortgage brokers have a key role in helping prospective purchasers through the daunting home buying process, according to lenders mortgage insurance (LMI) provider Helia. According to Helia’s latest Home Buyer Sentiment Report released yesterday (2 […]
A report by the customer-owned bank has found that the majority of people agree that home ownership is important to their happiness. According to the research report No Place Like Home commissioned by Great Southern Bank, home owners were significantly happier with their current housing situation when compared to renters. The report found that 70 per cent […]
A recent report revealed that seven in 10 Aussies believe owning their own home is crucial to their overall happiness. Great Southern Bank commissioned a study on the relationship between living situations and happiness, and the results are in: owning your own home makes a substantial difference to emotional wellbeing. The research report found that […]