Spring has finally arrived and with it, the 2019 spring property season! And if the latest sentiment is anything to go by, home hunters are hitting the market again - especially in Sydney and Melbourne.
A growing number of older Aussies are taking their mortgage into retirement, with new research showing home loan debt among those over 55 has skyrocketed by 600% over the last three decades.
Mozo has found new homeowners have been slugged a staggering $10.5 billion in repair costs over the past decade as poor construction standards have left them battling leaks, cracks and other problems.^
If you are a loyal Sydney-sider or Melbournite, or itching to become one, you may have heard that auctions clearances are creeping up and up, and this weekend was no exception.
Rate cut alert! MOVE Bank has taken the axe to more than half of its home loans. The lender dropped interest rates on a whopping total of nine owner-occupier and investment home loans, some by as much as 0.60% p.a.
Westpac has found more Aussies are now struggling to meet their home loan repayments, despite positives in the air like lower interest rates and a recovering housing market.
The RBA has been cutting rates for months now, and if you’ve done nothing about it, you could be out of pocket thousands of dollars.
With Spring property season right around the corner, new Westpac research has found that Aussie house hunters are keen to make 2019 their time.
It might not be quite hot enough to bring out your two piece and hit the beach, but something that is definitely heating up is the spring property season in the wake of record low home loan interest rates. Just the way nature intended it, spring is all about excitement and new beginnings, so it’s no surprise the property market is roaring as soon as September hits. But, before you get swept up in the glorious weather, open houses and countless auctions, there are a few things you should prepare before diving in head-first for that big purchase.
Have you ever wondered what the big banks aren’t telling you? When it comes to your home loan, the big banks don’t want you to look too hard or ask too many questions because you might find out something that will cost them and save you thousands of dollars over your lifetime.