Tag: Mortgage

How to save a first home deposit in just over a year

It’s taking young couples roughly five years on average to save for a 20% home loan deposit, according to new research. Want to hear something crazy, though? We know how to quarter that timeframe… Real talk: it’s never been tougher to save up a deposit for your first home. In Sydney the average timeframe is [...]

RBA increases cash rate to 0.35% amid high inflation concerns

This is the first RBA cash rate hike since November 2010, and the first time the cash rate has […]

How long do you have to snap up a property in the current market?

You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market?

Want to switch home loans? Here are ASIC’s top tips for refinancing

With interest rates at record low levels, we’ve seen a big increase in homeowners wanting to refinance this year. So this week we’ll look at some of ASIC’s top tips for refinancing, plus some of our own for good measure.

Is it cheaper to buy or rent your next home? You might be surprised

While it might feel like property prices are skyrocketing out of reach, the majority of Australian homes are actually cheaper to buy than rent over the next decade, according to a new report.

How much extra will your mortgage cost when interest rates rise?

After 18 straight RBA cash rate cuts it can be easy to dismiss the notion that interest rates might rise again. But if the cash rate returned to mid-2019 levels, how much extra would an average new mortgage holder expect to pay each month? Let’s take a look.

How a mortgage broker gets paid and why…

In most cases a mortgage brokers client do not pay for their services. So how do we get paid? We are paid by the lender that we refer our clients to. We are most often paid 2 fees – an upfront fee and a second fee that is usually referred to as a trailing commission. [...]

33 suburbs where buyers still have the upper hand over sellers

Most of Australia may be a seller’s market right now, but there are still a few dozen suburbs around the country where there’s more housing stock available than in previous years. Today we’ll check out which 33 suburbs are still offering plenty of options for buyers.

4 in 5 hopeful buyers don’t understand key financial concepts

While most Australians dream of owning their own home, the majority of hopeful homeowners admit they don’t fully understand how home loans or mortgage rates work. That’s why we make it our mission to enlighten you during your home buying journey.

House prices projected to jump 30% in three years: RBA

It’s the document that was never meant to see the light of day. But a Freedom of Information request reveals the Reserve Bank of Australia projects a 30% increase in house prices if interest rates remain low for the next few years.