CommBank slugs investors with fixed rate hikes up to 0.50%
Commonwealth Bank has announced another sweeping range of rate increases, hiking its fixed rate home loans by as much as 0.50% across 14 fixed rate mortgages.
Read MoreCommonwealth Bank has announced another sweeping range of rate increases, hiking its fixed rate home loans by as much as 0.50% across 14 fixed rate mortgages.
Read MoreIn the face of sky high property prices that don’t look like dropping any time soon, Aussies are opting to renovate their home rather than trading in for a newer property, according to Westpac’s Home Ownership Report.
Read MoreAs Australian property prices continue to soar in Australia’s major cities and more and more Aussies retire later in life, over the next few years we could see home loan terms increase from the standard 25-30 years, up to 40 years.
Read MoreIn a pre-budget speech today, Treasurer Scott Morrison said that restricting negative gearing would worsen housing affordability problems for renters and hurt “mum and dad” investors.
Read MoreInterest rates are on the rise for Aussie home loan hopefuls, but banks are now offering other incentives to snag borrowers’ business, including the chance to earn rewards points on their home loan balance.
Read MoreAnother weekend in Sydney means one thing - another set of property records have fallen, with the harbour city registering an all time high of over $760 million worth of property sold in weekend auctions.
Read MoreDespite being one of many lenders who lifted variable rates across its home loan products, this week big bank Westpac reduced its short term fixed home loan rate to just 3.99% p.a. (4.77% comparison rate*).
Read MoreA spate of recent mortgage rate hikes by lenders has been making news lately, but there’s one set of borrowers who are being hammered worse than any others: investors with interest only loans.
Read MoreThe Australian Securities and Investments Commission (ASIC) has announced eight home loan lenders may be required to provide remediation to customers who have experienced financial difficulty as a result of previous lending practices.
Read MoreDespite over 25% of home loan lenders increasing interest rates in March and APRA introducing new restrictions for interest only loans, Sydney property prices continue to climb.
Read More