Mortgages
Mortgage rates and lending news
‘Unattainable’: Sydney singles shut-out of market
Falling home values were supposed to help buyers break into the market – but four interest rate rises this year have cut into borrowing power and pushed repayments higher, with new research showing Sy...
Higher interest rates make Brisbane Australia’s toughest property market for couples to buy
Compare the Market property expert Andrew Winter Brisbane has earned the shock title of Australia’s least affordable capital for couples trying to buy a home. A damning analysis of national income and...
Mortgage nightmare: Aussies spending half their income on home loans as investors flee
Australian families are now spending a staggering half their income on mortgage repayments, as fresh figures reveal investors are fleeing the property market and desperate homeowners are scrambling to...
The toll of interest rate hikes on SA’s property market revealed
New data reveals loan lodgements in SA have dropped 25 per cent since January, before the rate rise cycle began. Fewer South Australians are taking out mortgages now compared to at the start of the ye...
Living at Sea: A Cost-Effective Alternative to Homeownership
A couple trades traditional housing for life on cruise ships, spending approximately $2,000 a month and enjoying newfound financial freedom.
Regional NSW Woman Secures $33K Refund from Historic Mortgage Insurance
Aged care worker Debra Gray's $33K refund highlights the pitfalls of overlooked mortgage insurance policies from the past.
Navigating the Declining Property Market in Sydney and Melbourne: Opportunities and Risks for Homebuyers
The property market in Sydney and Melbourne is cooling, presenting opportunities for homebuyers amid rising interest rates and rental price increases.
Australia's Property Market Faces $120,000 Wealth Erosion Amid Projected Price Declines
Projected downturns in Australia's property market could cost homeowners approximately $120,000 by 2027, reshaping household wealth dramatically.
Concerns Over RBA's Rate Hike Modeling Impact on Australian Homeowners
Westpac's chief economist critiques RBA's flawed modeling, suggesting it may lead to unnecessary mortgage rate hikes and diminished economic prospects.
Melbourne's First-Time Buyers Face Financial Strain Amidst 5 Percent Deposit Scheme Fallout
Melbourne's property market sees first-time buyers suffering as homes lose up to $96K in value, raising concerns over negative equity and market stability.
South Australia's Housing Market Faces Equity Risks Amid Deposit Scheme Challenges
Almost 60% of South Australian properties under the government’s 5% Deposit Scheme have dropped in value, raising concerns for first-home buyers.
Beware: 5% Deposit Scheme Puts First-Home Buyers at Risk in Sydney and Melbourne
First-home buyers using the 5% deposit scheme face alarming mortgage risks as property values in key cities drop significantly, leading to potential negative equity.
Australia's Major Banks Predict Interest Rates to Soar as Homeowners Brace for Impact
Australia’s big banks expect interest rates to climb, with cumulative mortgage costs rising significantly by year's end, prompting urgent action from homeowners.
Victorian Home Auction in Geelong West Draws Competitive Bidding Amid Market Shifts
A mortgagee auction in Geelong West saw a four-bedroom home sell for $1.011 million, significantly less than previous peak prices, reflecting market changes.
RBA Signals Potential for Further Interest Rate Hikes Amid Persistent Inflation Concerns
RBA's Michele Bullock warns of increasing inflation risks, potentially leading to additional interest rate hikes as economic growth remains sluggish.
Prolonged Interest Rate Challenges Loom for Australian Homeowners
Australian homeowners face continued mortgage stress as soaring bond yields suggest rate cuts won't arrive until at least 2028.
Potential Rate Hikes Highlight Strain on Australian Borrowers Amid Stubborn Inflation
As expectations of another interest rate hike loom, mortgage holders face mounting pressure, questioning the effectiveness of tighter monetary policy.
Australia’s Interest Rates Surge as Housing Market Faces Significant Downturn
Australian homeowners grapple with soaring interest rates, as leading banks predict extended financial pressures and declining property values.
Sydney's Spring Property Market Faces Challenges Amid Rate Hike Fears
In Sydney's spring property market, demand is concentrated in affordable suburbs, while high rates hinder overall buyer confidence.
Australia's Home Building Costs Surge Amid Iranian Conflict Ripples
Recent construction price increases in Australia reflect heightened material costs due to the ongoing Iran War, impacting affordability nationwide.