Mortgage costs are going up.
Although the Reserve Bank cut the cash rate twice during 2016, lenders have been increasing their mortgage rates. And experts are predicting more out-of-cycle increases.
But haggling can pay off, as Graeme and Kim Perry, who live just outside Wollongong in NSW, have found. Continue reading How to avoid squeeze of rising mortgage rates
It’s another of those niggly questions, whether you’re a tenant or a landlord.
Who’s responsible for water costs at the property?
Here’s the lowdown. Continue reading Landlords or tenants – who pays for water?
In a widely expected move, the Reserve Bank has opted to keep interest rates on hold at 3.5 per cent today.
The decision comes as inflation remains reasonably steady and after the property market has shown tentative positive signs heading into spring. Continue reading Interest rates hold steady at 3.5 per cent
BANKS are offering discounts up to 1 per cent off their standard variable mortgage rates to stimulate the home loan market ahead of the crucial spring selling campaign.
With loan growth across the market having dropped back to just 6 per cent over the 12 months to June 30 from an annual average of 8 per cent over the previous two years, lenders are using a range of cheaper offerings to tempt reluctant consumers.
The push is being driven by the banks’ own lower lending costs as they recycle a huge increase in customer deposits into mortgages. Continue reading Buying a house? Get a mortgage discount.