Home loans
Will Victoria follow NSW’s lead and get rid of stamp duty?
Victoria’s housing and building sector is backing a radical overhaul of the state’s property tax regime but Daniel Andrews is tight-lipped about whether he will follow NSW’s lead.
- by Josh Gordon
Latest
Mortgage ‘cliff’ looming for home owners when fixed-rate loans end
Experts are warning borrowers who were able to lock in low, fixed mortgage rates early in the pandemic face a jump in repayments once their terms expire.
- by Rachel Clun
CBA tips 18% peak-to-trough fall in Sydney, Melbourne home prices
Commonwealth Bank economists expect larger falls in house prices on the back of this week’s interest rate rise.
- by Clancy Yeates
RBA can’t be ‘held hostage’ by marginal borrowers: former governor
Ian Macfarlane says recent mortgage borrowers at risk of being squeezed by higher interest rates should not prevent the central bank from raising rates to the level needed.
- by Clancy Yeates
Opinion
Interest rates
The housing game has changed – interest rate hikes hurt more than before
It’s a common barb that newer generations are struggling with home ownership and housing costs because of profligate spending, on smashed avos and the like. But what millennials are spending much more on is housing, simply because houses are so much more expensive.
- by Joey Moloney and Brendan Coates
Analysis
Banking products
‘No frills’ home loans new bank battleground
Banks are trying to lure new customers with mortgages that lack key features, but have lower interest rates. Are these products a good deal?
- by Clancy Yeates
‘Money was never going to be free forever’: Borrowers can withstand higher rates, says Westpac
Westpac senior executive Chris de Bruin says the vast majority of mortgage customers can manage a series of interest rate rises, though the bank is watching closely for weaker discretionary spending.
- by Clancy Yeates
Interest rate rise puts brakes on Perth property price growth
Across Australia, home prices fell for the first time since the start of the pandemic, dropping 0.11 per cent in May.
- by Sarah Brookes
‘No appetite’: ANZ and NAB tighten higher risk lending
Two of Australia’s major banks are cutting back on new lending to the most highly-indebted borrowers.
- by Clancy Yeates
Opinion
Opinion
Fighting off fintechs: CBA introduces the 10-minute DIY home loan
In the time we might take to have a quick shower, buy a coffee, wait for a bus or get changed for the gym, CBA is now promising some applicants will be able to digitally apply for a home loan.
- by Elizabeth Knight
Opinion
Opinion
How to get a mortgage refinancing across the line
If you have held a home loan for more than two years, it’s time to consider refinancing your mortgage.
- by Nicole Pedersen-McKinnon