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Could rate cuts mean house prices heat up again?

September saw the nation’s official cash rate kept on hold once again. But there is growing consensus that the RBA may cut the cash rate at one of its next few meetings. Several of the big banks, including Westpac and NAB, are expecting rate cuts in the first half of next year. Others, such as the Commonwealth Bank,...

Fixed rates tumble: a sign of things to come?

While about 4-in-5 Australian households are currently on a variable-rate mortgage, fixed-rate home loans shouldn’t be overlooked. Locking into a fixed rate can offer several advantages, including certainty of repayments – which may make budgeting easier – as well as protection from possible rate hikes during the fixed term. Right now, the direction of fixed rates...

Does your job come with home loan perks?

One of the first things a lender will look at when you apply for a home loan is your ability to manage repayments. And for most of us, that comes down to having a job that pays a regular income. However, not all jobs – and types of income – are treated in the same...

How much has your home’s value risen by?

We’ve all heard the rule of thumb about property being a long-term investment. Well, get this: many home owners have seen the value of their property quintuple within the timeframe of a typical 30-year mortgage. Ask any long-term home owner what they originally paid for their property, and chances are they’ll respond with an eye-wateringly...

Property market set to blossom this spring

The sun is out – and so are the buyers! Spring is traditionally a peak period for property, and there’s a good reason why spring 2024 is shaping up to be a bumper season. Here’s how to prepare if you’re planning to buy in the weeks ahead. At last! It’s time to pack away the...

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