There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. Here’s a handy tip: you don’t have to wait until you’ve found a home you’d like to buy before making mortgage enquiries
The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March. Here’s why national housing prices are climbing higher. Australia’s housing market is making a bigger comeback than Barbie. Despite interest rates rising 4% in a year and a cost of living crunch, home values have skyrocketed with prices soaring 4.9% nationally since March 2023.
No change to the cash rate again this month, but lenders’ mortgage rates have been jumping around more than a bunch of toddlers at a Wiggles concert. We reveal the current average rates to see how your loan compares. Home owners are celebrating the official cash rate staying on hold for several months. But behind the scenes, Mozo reports that lenders have
First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows. It’s been three years since the First Home Loan Deposit Scheme was launched, and while it’s known today as the Home Guarantee Scheme (HGS), it’s still helping first home buyers get into the
The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know. A key election promise of the Albanese government, Help to Buy is a shared equity scheme aimed at
The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Home owners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork just yet. Mozo reports that some lenders have sneakily hiked
