Newcastle Permanent has cut the interest rate on select variable rate home loans by up to 0.10% p.a., with its Real Deal Home Loan (LVR <80%) dropping to 6.09% p.a. (6.13% p.a. comparison rate*).
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There were 1,747 property auctions recorded across Australia last week, which represents the lowest count since the King's Birthday long weekend in mid-June, says Corelogic.
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The number of Australians falling behind on their home loans has reached its highest level since March 2021, according to CoreLogic.
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Home prices in Australia are forecast to continue rising over the next 12 months and lead to a ‘reshaping’ of how we see the Australian dream, Domain’s chief of research and economics, Dr Nicola Powell told Mozo.
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I recently did a cost vs. savings check, which hit harder than an opening State Of Origin tackle!
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New research from Mozo for the 2024 Home Loan Report discovered that a startling percentage of mortgage holders think refinancing isn’t worth the effort when it could save them tens of thousands.
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The Reserve Bank Australia has held the cash rate at 4.35%.
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Over the last two years, the home loan market has been rocked by a series of rate hikes thanks the Reserve Bank of Australia (RBA). The central bank has been chasing runaway inflation with tighter monetary policy.
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The Reserve Bank of Australia (RBA) continues its cash rate freeze as it works to assess the petering-out of inflation across the nation.
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Today, the Reserve Bank of Australia (RBA) announced it will hold the cash rate in May 2024 at 4.35%.
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