2023-07-21 04:06
The fixed-rate cliff is here. Most fixed-rate home loan terms will end between June and September 2023. Many people got a low fixed rate for two years when the cash rate was at its emergency… Read More
Blog Directory > Finance Blogs > Home Loan Experts Pty Ltd finance Blog >
Home Loan Experts Pty Ltd Blog
homeloanexperts.com.au/blog
Blogarama's Sponsor
Tags:
loan
rate
firsthome buyers
rental
inflation
fixed
cashback offers
windfall gains tax
streamlined refinance
rental affordability crisis
We are mortgage brokers who specialise in helping good people in unusual circumstances to get home loans. Get the latest articles that combine both recent bank and lending information, as well as articles about saving for a home loan, moving house and getting approval.
2023-07-07 09:52
So, you’re probably wondering what’s going on. There aren’t enough rental homes in Australia to go around. For anyone searching for a new place to live, it feels like tryin… Read More
2023-07-07 08:11
Exciting news for homeowners struggling to refinance: The major banks in Australia have taken a step towards easing the burden by lowering their serviceability buffers. This means that if yo… Read More
2023-07-07 05:52
As a first-home buyer, there are many options available to help you get your dream home, so making the right choice can be difficult.
In this article, we’ll explore two of the most po… Read More
2023-06-30 03:49
As the new financial year begins, many changes that were announced in the federal and state budgets will come into effect. We’ve outlined the major changes that will affect home buyers… Read More
2023-06-09 04:11
In response to the high inflation, the Reserve Bank of Australia has raised the cash rate by 4.0 percentage points since May of last year, following the latest 25-basis-point increase in Jun… Read More
2023-06-05 08:40
The ANZ CoreLogic Housing Affordability quarterly report reveals the challenges many would face when buying or renting in Australia. The May 2023 report analysed the rental affordability cri… Read More
2023-05-24 03:48
Westpac recently launched its Streamlined Refinance policy to help customers.
What Is Westpac’s Streamlined Refinance Policy?
This new policy is designed to make refinancing easier a… Read More
2023-05-16 07:52
As of the end of June 2023, two of the largest banks in Australia will no longer offer cashback incentives to customers who refinance their home loans. Commonwealth Bank of Australia (CBA) w… Read More
2023-05-12 09:52
The RBA’s 11th rate rise since May 2022 has everyone worried about their loan repayments. The central bank has been accused of playing recession roulette, but the RBA argues that rate… Read More
2023-05-12 07:02
The 2023-24 Australian federal budget has sparked a debate about whether it will cause inflation to rise or fall. The government’s $21 billion economic relief package focuses on reliev… Read More
2023-05-04 06:55
At Home Loan Experts, we have mortgage brokers who are specialists in all niches. Plus, they’re legally obligated to act in your best interest. This means they’ll consider your f… Read More
2023-05-03 06:41
If you are looking to enter the property market but need a helping hand, we have exciting news. The government’s Home Guarantee Scheme will loosen its eligibility requirements to help… Read More
2023-05-02 04:47
After nearly a year of increasing interest rates, the Reserve Bank of Australia (RBA) paused the hikes in April 2023. This decision raises expectations of a stabilisation and this could attr… Read More
2023-04-27 06:48
A record number of building companies are collapsing in Australia. In the first nine months of financial year 2023, the number of failing construction companies has reached a seven-year high… Read More
2023-04-25 05:34
The auction market has opened strongly in 2023. Homebuyers across Australia should prepare for increased competition as the number of active bidders at each auction continues to rise. The ma… Read More
2023-04-25 03:45
Prepare for a shock. Those enjoying historically low interest rates may soon face the full impact of 10 RBA cash rate hikes, as a staggering $141 billion in fixed-rate home loans are set to… Read More
2023-04-17 09:33
There’s another new state government in New South Wales – and that means another new stamp duty scheme.
On 1 July, the outgoing Liberal government’s First Home Buyer Choic… Read More
2023-04-17 07:33
Are you tired of renting and wondering if you’re ready to buy your first home? If you’ve been thinking about it, it’s important to make sure you’re truly prepared bef… Read More
2023-04-11 10:08
The RBA’s decision to hold the cash rate at 3.6% in April, after 10 consecutive rate rises, might renew confidence in the property market. The interest rate pause also suggests that th… Read More
2023-04-06 03:02
Several lenders have just reduced their fixed rates, which happened shortly after Tuesday’s announcement by the Reserve Bank of Australia (RBA).
One of the biggest banks in Australia… Read More
2023-03-22 09:13
Buying your first home is an exciting milestone, but it can also be a daunting experience, especially regarding finances. Fortunately, the Australian Government has introduced several scheme… Read More
2023-03-16 05:41
The number of expats and other non-residents interested in buying investment property in Australia is rising. Home Loan Experts’ data showed a 100% rise in expat enquiries for investme… Read More
2023-03-14 07:57
The latest meeting of the Reserve Bank of Australia (RBA) increased the cash rate to 3.6%, which is its 10th consecutive rate rise. The series of hikes has greatly increased the interest rat… Read More
2023-03-03 08:41
If you are in the market for a new home, you have probably heard of pre-approval – an agreement with a lender in which it confirms that it is willing to lend you a certain amount of mo… Read More
2023-03-03 04:21
The fixed-rate cliff looms over the heads of many borrowers who bought a home during the pandemic at a short-term fixed rate as low as 1.95%. It is understandable for them to feel a sense of… Read More
2023-02-28 10:49
Refinancing can be a smart financial move for homeowners looking to save money in the long run or reduce their short-term living expenses. Despite the record numbers of mortgage holders who… Read More
2023-02-28 09:28
Investing in positive-cashflow properties is a good strategy for building long-term wealth. But where can you find such properties in this year’s difficult economy and how can you iden… Read More
2023-02-23 09:32
You might be thinking about buying a home in 2023 but waiting for the prices to hit bottom or for bank interest rates to settle down. While waiting, here are some things you can do.
1. Work… Read More
2023-02-21 04:16
The housing market in Australia is constantly evolving, with prices and demand fluctuating over time. Currently, there are concerns about the slowdown in the market, with prices falling in m… Read More
2023-02-16 10:23
ybrid work refers to the arrangement of working from both home and office or alternating between these two. The specifics might differ based on the company’s policy or the nature of yo… Read More
2023-02-16 09:58
Are you looking to buy a property during the market downfall? You are not the only one. There has been a surge in interest in the market from foreigners.
Recent data from PropTrack shows th… Read More
2023-02-10 01:55
The Reserve Bank of Australia (RBA) raised the cash rate to 3.35%, and stated that further increases may be necessary to return inflation to target. However, it still might be a good idea to… Read More
2023-02-07 10:50
Will 2023 be a brighter year for those in the market for a home? At Home Loan Experts, we’ve delved into market trends and gathered expert insights to provide you with a clear understa… Read More
2023-02-07 06:36
CoreLogic’s Home Value Index showed a fall in Sydney dwelling values of 1.2% in January, as the average price for homes in the city plummeted below $1 million for the first time since… Read More
2023-02-07 04:27
With rates rising so much over the last year, high interest and hefty monthly repayments are putting pressure on many household budgets. Fortunately, there are several strategies that can re… Read More
2023-02-02 10:24
The Australian housing market has been in a downturn since last year, with interest rates reaching record highs, shrinking borrowing power and lowering home prices. Many borrowers are lookin… Read More
2023-02-01 03:31
CoreLogic’s Daily Home Value Index (HVI) showed a record decline of -8.4% in early January 2023. Record-breaking price fall occurred less than nine months after the market peaked last… Read More
2023-01-27 03:42
It definitely costs more to live these days. The Australian Bureau of Statistics (ABS) has confirmed the Consumer Price Index (CPI) rose 1.9% in the December 2022 quarter, which took annual… Read More
2023-01-23 09:27
This could be the year you start your property investment journey. There are positive trends for those with capital to invest:
Property prices are falling, making it more affordable to make… Read More
2023-01-20 09:59
Whether you are ready to invest in a property now, or you’re waiting to snap up a bargain on a home to live in, the right location is always critical. Property in popular suburbs will… Read More
2023-01-19 10:22
New data released on 13 January 2023 by the Australian Bureau of Statistics shows the value of owner-occupier refinancing between lenders rose to 9.1%, to $13.4 billion, in November 2022.
T… Read More
2023-01-06 08:26
A fixed-rate loan locks your interest rate for a set period of time, generally from 1-5 years. During your fixed-rate period, your repayments will stay the same, regardless of what happens t… Read More
2023-01-05 09:37
The Reserve Bank of Australia (RBA) raised its cash rate to 3.10% in December 2022. This marked an increase of 300 basis points since May 2022. The increase in the cash rate also increased t… Read More
2023-01-05 09:17
The year 2023 will be challenging to navigate amidst rising interest rates and stricter lending conditions. Here are the six biggest hindrances for borrowers this year, with possible solutio… Read More
2023-01-05 07:28
The Current Situation
As the world ushers in the new year, inflation is a problem that still won’t go away. Food and energy prices are soaring all around the globe, and Australia is no… Read More
2022-12-27 06:26
The year 2022 has been turbulent in the property market. Interest rates have soared to a level not seen in the past 10 years. Home prices are falling sharply to record lows. CoreLogic’… Read More
2022-12-14 09:40
As we approach the new year, there are a few important things for homebuyers and investors to keep in mind for the next 12 months and beyond.
The market has been tumultuous this year. The ca… Read More
2022-12-14 08:05
It’s December, Christmas is near, but the festive mood is not as joyous as it should be for many. Australians have faced eight straight cash rate increases since May 2022. The joy of C… Read More
2022-12-13 15:29
If you have a variable-rate home loan, one thing that can save you some stress is a simple chart like this:
Monthly Repayments For A $760,000 Home Loan On A 30-Year Term*
Interest Rate
Mont… Read More
2022-12-06 10:02
The prices of homes are declining, but it is providing little relief for those looking to buy their first home, the First Home Buyer Report 2022 by Helia revealed.
Affordability is the bigg… Read More
2022-11-24 08:57
Here’s what the 2022-25 Australian Housing Outlook commissioned by QBE forecasts will happen to Australia’s property market over the next three years:
The housing market slowdow… Read More
2022-11-23 02:26
The Reserve Bank of Australia (RBA) has raised the cash rate to 2.85% with its latest 25-basis-point hike, the seventh monthly rate rise in a row. The RBA is expected to keep it up until it… Read More
2022-11-16 09:48
Australia in late 2022 is a buyer’s market. As of November 2022, distressed listings across Australia have increased more than 15% since the interest rate rises began in May. Many sell… Read More
2022-11-08 07:58
With a substantial increase in rents across Australia, it has become cheaper to buy a home than rent in hundreds of suburbs around the country.
In 518 Australian suburbs, the monthly repaym… Read More
2022-11-01 05:28
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.85 percent with November’s 25-basis-point incre… Read More
2022-10-28 04:47
Australian borrowers who are applying for any programs under the Home Guarantee Scheme will now be able to explore options with Westpac Group, which has joined the lending panel for the sche… Read More
2022-10-11 05:58
The Reserve Bank of Australia (RBA) has increased the cash rate for the sixth month in a row, taking it from 0.10 per cent in April to 2.60 per cent with October’s 25-basis-point incre… Read More
2022-09-29 02:16
From 1 October 2022 to June 2025, 10,000 places will be available each year under the Regional First Home Buyer Guarantee. The scheme was scheduled to come into effect on 1 January 2023, but… Read More
2022-09-22 05:45
There has been a series of speculations over where the property market is heading in these uncertain times. Consecutive rate hikes have limited borrowing capacity and increased borrowers&rsq&hell…Read More
2022-09-20 08:12
The Australian construction sector has recovered considerably since the pandemic hit in 2020. Demand for home building has surged to record levels. However, the industry is struggling to mee… Read More
2022-09-09 05:33
The ANZ CoreLogic Housing Affordability Report August 2022 has shown a bit of improvement in affordability due to the decline in home values.
The report analysed housing affordability based… Read More
2022-09-02 08:54
Rising interest rates affect more than just monthly repayments and the total cost of a home loan. They also reduce the borrowing power of anyone looking for a home loan. The effect is more p… Read More
2022-08-30 03:53
The Reserve Bank of Australia is raising interest rates because of inflation and a tight labour market. This is making it difficult for people to afford homes. The housing market has slowed… Read More
2022-08-29 13:49
A buddy of my own inside the belated 50′s, we’re going to phone “Bob,” lately married your 2nd time to a woman, in addition in her own belated 50&ac&helli…Read More
2022-08-26 14:39
Ever thought an overwhelming attraction toward one that you mayn’t clarify? He’s no hunky superstar but there is simply some thing about him. Then absolutely that different man w… Read More
2022-08-25 23:13
Reader matter:
It appears like it doesn’t matter whom I attempted to connect to, I do not get any reaction. I also made an endeavor to someone We already knew who popped upwards as a 9… Read More
2022-08-24 03:48
For many mortgage holders and potential borrowers, the consistent waves of interest rate rises are uncharted waters.
The Reserve Bank of Australia raised the cash rate for the first time in… Read More
2022-08-19 06:28
After months of growth, Australia’s property prices have started to fall. Unfortunately, it’s not necessarily a time to celebrate. The cost of living is rising – making it… Read More
2022-08-12 06:04
The Reserve Bank of Australia (RBA) has begun raising its cash rate target, after more than a decade of low and falling cash rates. And the central bank anticipates several more rate hikes o… Read More
2022-06-21 09:51
As part of the First Home Buyer Choice housing package announced in the 2022-23 New South Wales state budget, first-home buyers in NSW can choose either to pay stamp duty upfront or pay a sm… Read More
2022-06-03 04:06
CoreLogic’s Home Value Index for May 2022 recorded its first national monthly decline since September 2020. National home values fell 0.1%.
Sydney and Melbourne recorded falls of 1% a… Read More
2022-05-27 04:24
Labor’s win in the 2022 Australian elections brought a change in the government schemes available to first-home buyers and those who currently don’t own property.
What Governmen… Read More
2022-05-18 10:26
The findings from the latest ANZ CoreLogic Housing Affordability Report found a deterioration in housing affordability due to rapid increases in house prices and rental costs. The report ana… Read More
2022-05-17 03:42
error
The Super Home Buyer Scheme was proposed by the Coalition. Since the Coalition lost the 2022 federal election, this scheme will not be available.
With affordability already low an… Read More
2022-05-12 09:34
CoreLogic’s data revealed the home value index for April 2022 showed national growth of 0.6%. This is the lowest reading since October 2020.
Sydney and Melbourne are the two cities wi… Read More
2022-05-04 05:03
The Reserve Bank of Australia (RBA) increased the cash rate by 0.25 percentage points; taking the historically low cash rate to 0.35%.
An increase in the cash rate causes the interest rate… Read More
2022-04-20 09:10
The major banks in Australia have announced their financial relief packages for customers affected by significant flooding across southeast Queensland and parts of northern New South Wales… Read More
2022-04-20 05:25
The government has announced higher price caps for 2022-23 for parts of its expanded Home Guarantee Scheme, which includes the First Home Guarantee (formerly the First Home Loan Deposit Sche… Read More
2022-04-19 07:46
The Reserve Bank of Australia (RBA) is finally considering hiking its cash rate, for the first time in more than a decade.
The RBA has pushed its cash rate to record lows since 2011. When CO… Read More
2022-04-08 02:35
CoreLogic data revealed that the home value index was up 0.7% in March 2022. During the first quarter of this calendar year, dwelling prices in Australia rose 2.4%, adding about $17,000 to t… Read More
2022-03-30 06:08
The 2022-23 federal budget had plenty for prospective home buyers, as the government announced expansions to its current home guarantee schemes, with a new regional home guarantee and other… Read More
2022-03-30 04:02
During the federal budget announcement, the government revealed it will expand its existing home buyer schemes and will introduce a new scheme for regional home buyers later this year.
What… Read More
2022-03-04 04:59
House Price Update
CoreLogic data revealed housing values experienced a 0.6% gain in February 2022. This was the 17th consecutive increase but was the slowest growth experienced since Octobe… Read More
2022-02-04 10:21
CoreLogic data revealed that housing values rose 1.1% in January 2022. Property prices jumped by 22.4% over the last 12 months, which was the biggest annual increase since the year to June 1… Read More
2022-01-13 06:55
To determine the top 10 places to invest in 2022, ME Bank commissioned research from Ethos Urban. The coveted list assists all Australians looking to make the most of low interest rates and… Read More
2022-01-11 04:08
CoreLogic data revealed that Australian housing values were 1% higher in December 2021 than a month earlier, slowing down from a 1.3% rise in November 2021.
The growth momentum slowed down… Read More
2021-12-16 06:45
The ANZ CoreLogic Affordability Report analysed data from the end of the March 2020 and June 2021 quarters for more than 130 areas in Australia. The report shows a decline in housing afforda… Read More
2021-12-08 09:10
CoreLogic data shows housing values moved 1.3% higher in November 2021. This is the 14th consecutive month of positive growth. National housing values are 22.2% higher over the past 12 month… Read More
Subscribe to Home Loan Experts Pty Ltd
Get updates delivered right to your inbox!