The longest period of interest rate stability on record has extended out another month, with the RBA keeping the cash rate on hold at 1.5% where it has remained since they cut the cash rate by 25 basis points in May and August of 2016.
About $240 billion of interest-only loans is scheduled to roll over to principal and interest in the next two years. Here’s how to avoid ending up in mortgage stress.
As the housing market continues to fall sharply around most parts of Australia, the risk of the current credit squeeze turning into a credit crunch is real and is rising.
Mortgage rates to investors are up as much as 50 basis points over the same time frame but the RBA has held the cash rate at 1.5% for a record 27th month.
Flex commissions on car loans will be banned in Australia from next month but is this change enough to protect consumers? No.
Despite the housing downturn gathering some pace in September, we don’t expect the RBA to throw a lifeline to the housing market in the form of lower interest rates.
A package home loan combines your mortgage with additional products such as fee-free credit cards or discount insurance, but these perks come at a price.
There are some great deals on fixed-rate mortgages on the market as home loan competition heats up, but here’s what to consider before you make the switch.