Home Loans - May 11th Property trends: Has COVID-19 changed the way we want to live? Canstar asked four experts what changes we may see to homes and property as a result of the pandemic. There’s no doubt coronavirus has had a huge impact in many facets of our lives. From our...
Coronavirus - May 5th COVID-19 crisis, two months in: What's the state of finances, property and our mood? Two months after the first recorded death in Australia from COVID-19, the country is keenly feeling the economic fallout of the crisis, new statistics show. Here's what's happening to household finances, the property market and the...
Home Loans - May 1st Interest only home loans: Could switching to interest-only repayments ease pressure? If you’re experiencing financial hardship due to coronavirus, an interest-only home loan could be an option worth considering.
Coronavirus - May 1st Coronavirus: How hard is it really to get a home loan now? Thinking about applying for a new loan or refinancing during COVID-19? It can help to know what lenders are looking for. Two insiders reveal the red flags that lenders may consider when assessing your application. If...
Finance News - April 28th ACCC report: Savvy borrowers could be $59,000 ahead of passive home owners A report investigating home loan pricing at the big four banks has highlighted the importance for existing customers to take the reins and find a better home loan rate, or risk paying a "lethargy tax" of...
Finance News - April 14th Coronavirus changes how ING assesses residential mortgage applications ING will temporarily change its home loan application process due to the widespread disruption to many Australian incomes from the coronavirus fallout. Casual employees or contractors may not be considered for a mortgage under the bank's...
Coronavirus - April 14th Refinancing a home loan: Rates hit new lows Coronavirus has delivered a financial blow to many homeowners. One way to potentially bring your costs down could be to refinance your loan, to take advantage of the lowest interest rates recorded in Australia’s history. Is...
Finance News - April 8th 8 experts weigh in on smart things to do with your money during the COVID-19 outbreak Many Australians are doing it tough as the economic impacts of coronavirus are beginning to be felt. While these are hard times financially for many people, there are some things that you can take charge of...
Finance News - April 8th Fixed rates hit record lows: Is now a good time to lock in your rate? Tracking of average home loan interest rates on our database shows the lowest rates can be found on fixed terms. An expert reveals what to consider when locking in during a time of high uncertainty. Australians...
Finance News - April 8th Pausing mortgage repayments due to COVID-19: Does it impact your credit score? If you have have been granted a six-month pause on your home loan repayments due to the coronavirus crisis, your credit rating will not be impacted, the Australian Banking Association (ABA) has announced. To support Aussies...
Finance News - April 7th Commonwealth Bank slashes variable home loan rates before cash rate decision Australia’s largest bank is not waiting on the Reserve Bank of Australia, deciding to cut some variable interest rates prior to today’s monetary policy meeting for new borrowers and some existing customers. Commonwealth Bank has changed...
Finance News - April 2nd Reduce Home Loans slashes variable rates to record low It was no April Fool's Day gimmick – Reduce Home Loans has slashed its home loan rates further, introducing the new lowest variable rate on Canstar's database. Non-bank lender Reduce Home Loans has surpassed all others...
Finance News - March 27th Home loan interest rates slashed after RBA emergency rate cut | Updated List For the second time this month the Reserve Bank of Australia (RBA) has cut the cash rate. Here is our list of banks who have reduced their rates in response to this emergency announcement, along with...
Finance News - March 25th ING cuts to market-leading home loan interest rates to help customers impacted by coronavirus It’s officially a race to the bottom for home loan rates, with ING diving to among the lowest rates on our database for owner-occupier borrowers. How does your loan stack up? ING cuts fixed home loan...
Finance News - March 20th NAB, ANZ and Westpac follow CBA in reducing home loans after RBA emergency rate cut The Reserve Bank of Australia (RBA) cut the official cash rate to a historic low of 0.25% yesterday, the second cut in a month and the first out-of-cycle reduction since 1997. Source: Vitalii Tairov, Canstar. In...
Coronavirus - March 17th How will coronavirus affect property prices in Australia? It’s one of the most Googled questions since the coronavirus and COVID-19 outbreak: how will coronavirus affect house prices? Image: Andrey Popov (Shutterstock) The bottom line is it will be negative – prices will go down....
Home Loans - March 16th The suburbs where mortgage repayments may be cheaper than rent Jeremy Sheppard from Select Residential Property crunched the numbers to find Australian suburbs where typical mortgage payments may be cheaper than paying rent. Four official interest rate cuts in the past nine months have brought historically...
Home Insurance - March 9th Renting with friends: 5 ground rules to follow Moving in with friends might seem like a great idea but to give yourself the best chance of success here are five things to agree on before signing a lease. If you're considering moving into a...
Finance News - March 3rd Big four banks to pass on RBA rate cut to borrowers The official cash rate has been slashed to its lowest level on record – just 0.5%. Banks typically use this rate as a guide to set interest rates on their products, such as home loans and...
Coronavirus - March 3rd RBA cuts as coronavirus worsens: How will it impact the economy, property market and interest rates? Following heightened speculation that the Reserve Bank would pull the trigger on interest rates today, the cash rate has been cut to the historic low of 0.50%. But with the impact of coronavirus now on Australian...