Australia’s biggest bank unloads with its biggest ever rate hike

The era of rock-bottom interest rates has come to a screeching halt. Australia’s largest bank has ended the fiscal year with a bang that will shake the foundations of many borrowers, and other banks are not far behind. Commonwealth Bank (CBA) hiked fixed rates by a massive 1.40 percentage points for both owner-occupiers and investors […]

If the deposit doesn’t get you, the RBA might

As the Reserve Bank of Australia pledges to fight hard against inflation by raising interest rates, buyers are also facing record deposits to get a foot on the real estate ladder. Even if you can manage to find the record high amount needed for a deposit on a new home, the threat of further interest […]

Housing key target of NSW budget but overlooked in Queensland

Queensland has ignored the ‘elephant in the room’ – stamp duty – while News South Wales has splashed out big on housing reform and affordability. In two state budgets released today, New South Wales has gone ahead with its plan to phase out stamp duty while it’s neighbour to the north has left the tax […]

Property price collapse predicted to be biggest since 1980

Predictions of the biggest property price fall in around 40 years have owners worried, first-home buyers salivating and mortgagees looking to refinance. Doomsayers have been casting a pall over the optimists since before Nostradamus was boy but it’s hard to ignore the growing chorus of economics analysts looking into their crystal calculators and seeing harbingers […]

Nowhere to hide as owners, investors, first-home buyers and renters face challenges

New housing loan commitments fell 6.4 per cent, with housing and rental affordability also declining across Australia. New housing loan commitments fell 6.4 per cent in April, with housing and rental affordability also declining across Australia. Investors and owner-occupiers alike were shying away from new loan commitments, with the value of new housing loans falling […]

‘A difficult day’ for homeowners forced to find more mortgage money

When the country’s new Treasurer says it’s a difficult day for homeowners, you know things are serious. When the country’s new Treasurer says it’s a difficult day for homeowners, you know things are serious. “Just because it was expected that interest rates would go up it doesn’t make it easier for homeowners who have to […]

RBA supersizes its interest rates order

The Reserve Bank of Australia announced a supersized interest rate hike. The Reserve Bank of Australia (RBA) today announced a supersized interest rate hike. It lifted the cash rate target by 50 basis points to 85 basis points (0.85 per cent), surprising the market with a rate rise double that expected by most commentators. The RBA’s dramatic move […]

Rising interest rates presenting opportunity for investors

There is no one-size-fits-all answer when it comes to how interest rate increases will impact investors but property market experts argue it could be an opportunistic time for savvy investors to capitalise. There is no one-size-fits-all answer when it comes to how interest rate increases will impact investors but property market experts argue it could […]

Two home loan features can save big money but are widely misunderstood

There are two main facilities on a family home loan that should exist in anyone’s tax planning toolbox but unfortunately, they are often misunderstood or improperly used. There are two main facilities on a family home loan that should exist in anyone’s tax planning toolbox. Unfortunately, they are often misunderstood or improperly used. Variable home […]

Will it be rents to the rescue for investors as banks hike rates?

The big four banks wasted no time passing on the full quarter of a per cent home loan rates rise but the impact on property prices and investors remains unclear. The big four banks, who account for roughly three quarters of all mortgages in Australia, wasted no time passing on the full quarter of a […]