Home Loan News

ANZ Bank asks for larger home deposits in areas expecting a drop: reports

ANZ Bank is asking some new customers to increase their home deposits to hedge the risks of a downturn before they approve a mortgage in some Australian suburbs, an executive has said.

Half of all mortgage deferrals come up for review: ABA

About half of all people who deferred their mortgage will be contacted by their bank to evaluate their ability to resume repayments, a banking industry association has said.

Some of the best home loans in September 2020

September is the traditional start of the Spring Selling Season in Australia’s real estate markets. While 2020 remains a challenging year, with economic recession affecting both property buyers and sellers, banks and other mortgage lenders are continuing to slash home loan interest rates to new lows.

6 options for borrowers whose mortgage holidays are coming to an end

Back in March 2020, Australia’s big banks and other mortgage lenders offered to let mortgage holders defer their home loan repayments and relieve some of the financial pressure from the pandemic. With the initial six-month time limit now coming to an end, many Aussie mortgage holders are now facing a choice of what to do next.  

Some of the best home loans for investors in August 2020

Between falling rents and rising vacancies in some capital cities, it’s a challenging time to be a property investor. Whether you’re applying for a new investment loan or are refinancing an existing loan, you can expect extra scrutiny from banks and mortgage lenders, requiring extra time and paperwork.

ME Bank, People’s Choice and 86 400 cut home loan rates in two days

Three mortgage lenders have reduced their interest rates in the span of two days, as competition intensifies among lenders.

Mortgage lenders slash investor home loan rates

Mortgage lenders are axing interest rates for investor borrowers, providing much-needed discounts for property investors amid a dwindling rental market.

Aussies looking for sea change considering the Sunshine Coast

Do the COVID-19 blues have you daydreaming of sunny Queensland and considering a sea change? You’re not alone, as the latest data from Image Property shows that the idea of moving to the Sunshine Coast is growing in popularity.

Six things to know before refinancing your home loan

There’s no doubt that mortgage refinancing is having its day in the sun - here are six things you should take note of before refinancing.

Some of the best home loans for owner occupiers in August 2020

You may have noticed that it’s a bit of a weird time to buy property just now, whether as a first home buyer, an upsizer or a downsizer. Lockdown restrictions have affected property supply and demand in different areas, not to mention buyer and seller confidence. Plus, homeowner priorities have been shifting, swinging away from units and apartments and more towards detached housing.