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What you need to know about refinancing

A home loan is generally a long-term proposition, but in some situations it can make sense to refinance your mortgage. Read this guide to the refinancing process, and speak to your broker, before deciding whether it’s right for you. Refinancing involves taking out a new mortgage and using those funds to pay off your existing […]

Home Loans Australia

Spring market update

With the footy finals finished, the election settled and the weather improving, the housing market is moving steadily along. We are definitely witnessing a solid market recovery compared to that of 2011/2012. Recently the crowd numbers at auctions and open-for inspections are on the rise, with this trend expected to continue, moving forward. Low interest […]

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Changes to First Home Buyers Grant

Changes to First Home Buyers Grant 1. What is changing? As at the 1st of July, 2013, there are going to be some significant changes to the Victorian First Home Buyers Grant (FHOG), as follows: 1. The FHOG will no longer apply to established residential properties 2. The FHOG will increase from $7000 to $10,000 […]

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August boost for mortgage sales

Mortgage sales experienced a surge to their highest volume in over eighteen months according to AFG’s (Australian Finance Group) latest figures. Surpassing total mortgage sales volumes last seen in March 2010, AFG processed over $2.7bn in mortgages in August. AFG said that the figures trend well above seasonal expectations, despite August being a traditionally strong […]

Home Loans Australia How much can you borrow

Home loans should remain affordable as RBA not looking at raising interest rates anytime soon

Home loans could remain affordable for the foreseeable future, as the recent below-expected inflation figures make it highly unlikely the Reserve Bank of Australia (RBA) will raise interest rates at next week’s meeting. Over the three months ending in December, the consumer prices index advanced 0.4 per cent, well below the predicted 0.8 per cent, […]

Home Loans Australia How much can you borrow

Fixed-rate mortgages level with variable

In a historically rare event, three-year fixed interest rates are about the same as variable rates, which is good news for embattled budget-conscious first-home buyers. Many prospective buyers have been holding back because they fear monthly mortgage repayments will rise when household expenses are going up. Yet with three-year fixed rates at about 7.36 per […]

property investment home loans australia

Housing affordability improves as home prices edge higher

There’s good news for house hunters with lower mortgage rates and higher wages helping to improve affordability even as house prices edged higher. The Housing Industry Association-Commonwealth Bank housing affordability index rose by 0.8 per cent in the June quarter, to 56.2 from 55.7 per cent. Lending data from CBA, used in the index, showed […]