A quarter off your first home: HomesVic to provide first home buyer relief
Victorian first home buyers, your home loan may have just gotten appreciably smaller thanks to a shared equity scheme known as HomesVic.
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Best home loans for January 2018: Mozo Editor’s picks
With the beginning of a new year comes the promise of a fresh start, especially for your finances. For most Australians their biggest current or future financial commitment will be a home loan, but how do you know that your mortgage is providing you with the best value?
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SCU launch new long term home loan to attract first time buyers
Despite the fact that property prices have cooled slightly in the final months of 2017, taking out a home loan remains a financially daunting prospect for many Australians - particularly first home buyers.
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Top 5 resolutions for property success in 2018
Each new year brings with it new goals and aspirations, but when it actually comes to thinking about resolutions for 2018 where should you begin?
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Australia's best value lenders of the year revealed
Finding the right lender to suit your money needs hasn’t always been easy - in fact, some borrowers would probably rather close their eyes and pick at random!
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Bank of Mum and Dad charges fees in embarrassment, awkwardness and unwanted advice, St.George research shows
In 2017, Mozo revealed that the Bank of Mum and Dad is the fifth biggest lender in Australia, shelling out a massive $65.3 billion to help young adults enter the property market, without charging fees, or for the most part, interest. But it turns out homebuyers who head back to the family home might pay for it in other ways - namely, by getting stuck in awkward situations.
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Westpac to refund $11 million in home loans after a 23-year system glitch
Following the discovery of a 23-year glitch, Westpac will be refunding up to $11 million in home loans to around 9,400 interest-only loan customers.
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It’s over: Aussie buyers break up with the market, potentially ending the property boom
Sydney property prices have fallen by 1.4% during the September quarter, which is reportedly its largest fall since the 2015 December quarter, according to recent figures by the Australian Bureau of Statistics (ABS).
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Interest-only loans have dropped by nearly half, but it might not be all APRA’s doing
In just three months since APRA pushed for tougher lending criteria, interest-only home loans have now dropped to a historic low of 16.9% of new lending, from 30.5% in June.
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1 in 10 Western Sydney households are under ‘mortgage stress’ - a sign to refinance?
It’s not uncommon for the average Aussie to experience financial stress, particularly with their mortgage, but recent figures from the National Cities Performance Dashboard has revealed that 1 in 10 Western Sydney households have been hit the hardest with ‘mortgage stress’.
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