Fixed and variable interest rates are the two most common types of house loans in Australia. There is no set interest rate for a variable home loan; rather, it fluctuates with market conditions. Your mortgage payments will rise in tandem with changes in your lender’s variable interest rate. In a fixed-rate loan, the borrower’s interest …
ANZ, one of the big banks in Australia, has lowered its interest rates on fixed-term home loans. This means that if you borrow money from ANZ for a home loan with a fixed interest rate, you’ll now pay less each month. The new rates are lower than before, especially for those who want to lock …
Perth is experiencing a surge in demand for affordable properties as the spring selling season commences. Conisbee reported that the price of houses in Perth increased by one percent over the course of the month and by more than 23% for the year. Unit prices have also increased by 20% in the past year. Despite …
On Tuesday morning, NAB took up to 65 basis points off the stated fixed rates for its range of premium packaged mortgages. It now has rates as low as 5.89% p.a. for homeowners who pay back both the capital and the interest. For those who agree to a three-year fixed rate, that is the lowest …
Breaking News: NAB Slashes Home Loan Rates Again – Is Now the Time to Save Read More »
Today’s highlight: Housing Market Trends in Australia • Housing lending slows to 1% month-on-month in August, a drop from the 3.5% rise in July. • Investor lending rose 1.4% month-on-month in August, up 34.2% over the past year. • Queensland led the nation in lending growth, with a significant 41% year-on-year increase. • Building approvals …
The Housing Market Takes a Breather: Is Now the Time to Buy? Read More »
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