Home Loan News

ASIC kept in the dark on scrapping responsible lending rules

Financial regulators weren’t asked for their assessment on the scrapping of responsible lending laws before the government’s surprise announcement, according to testimony.

Amid record low lending, property investors look for bargain loans

Investor lending has dropped to record lows around the country, but about a third of property investors are watching rates closely in the hope of refinancing.

Some of the best owner-occupier home loans in October 2020

The first recession in 30 years has done little to dampen the spirits of home loan borrowers.

Australians are feeling confident about spending as the economy bounces back

Big bank economists are observing a rebound in people’s willingness to spend on items big and small, after the public stockpiled their savings for months in response to the uncertainty of a pandemic.

Government Granny Flat Scheme: How to apply | RateCity

Granny flats could be tax exempt in some cases under proposals introduced in this year’s Federal budget, providing yet another incentive for people to hire construction workers and take advantage of a $25,000 government grant.

Some of the best home loans for investors in September 2020

For many investors, COVID-19 has been a tough period. Check out some of the top-rated investor home loans for September 2020.

Some of the best owner occupier home loans in September 2020

Even if your home-buying plans have changed, falling prices could make it easier for some first home buyers to take the next step towards becoming home owners. Current owner occupiers may also be able to take advantage of interest rates being recently slashed to new record lows to refinance their home loans.

Australian Finance Group amends clawback rules as mortgage holders rush to refinance

One of Australia’s biggest mortgage provider groups has tweaked how broker commissions are refunded when people take their business elsewhere, just as borrowers refinance in large numbers to take advantage of record low interest rates.

Property investors eye opportunities during COVID-19: PIPA

Almost one-in-two property investors are more likely to buy a property in the next year because of the COVID-19 pandemic, the leading industry group has said, with many casting their eyes interstate to Queensland.

Banks look to jump-start economy while dealing with COVID-19

NAB and Westpac offered some insight into the economic casualties of the COVID-19 pandemic and a recovery path forward in their responses to a parliamentary committee today.