Author: MAXISLoans
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ANZ and Macquarie Slash Fixed Home Loan Rates Ahead of RBA Decision
ANZ and Macquarie, two prominent Australian financial institutions, have recently made significant adjustments to their fixed home loan rates, a move that precedes the forthcoming Reserve Bank of Australia (RBA) cash rate decision. ANZ, one of the country’s leading banks, has decided to reduce its one-year fixed rates for both owner-occupiers and investors who are…
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Is It a Good Time to Buy a Home? Understanding Market Conditions
Buying a home is a significant decision that requires careful consideration of various factors, one of the most important being market conditions. Understanding the current state of the real estate market is crucial when deciding whether it is a good time to buy a home. Market conditions can greatly impact the affordability, availability, and overall…
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Homeowners Beware: Refinancing Without Offset May Cost You Savings
In recent news, the focus is on the potential pitfalls of refinancing home loans without an offset account, particularly in light of Westpac’s recent move. Westpac’s decision to reduce its variable home loan rate to 5.84% for refinancers, aligning with ANZ as the best rate among major banks, has stirred the market, sparking what some…
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Australian Home Loan Borrowing Hits Record Highs, Except in Victoria
Australian home loan borrowing has reached unprecedented levels, setting records nationwide, with a notable exception in Victoria. The average new loan size for owner-occupiers in Australia has surged to a historic high, surpassing previous figures by a substantial margin. The Reserve Bank of Australia (RBA) has maintained interest rates at a 13-year high of 4.35%,…
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Record Investor Loan Surge Outpaces Owner-Occupier Growth in Australia
Amid a changing landscape in Australia’s property market, investor loans have surged to record levels, outpacing the growth in owner-occupier loans, as reported by Money.com.au. The latest Mortgage Insights data reveals a substantial 22% increase in investor loans nationwide, totaling 192,843, compared to a more modest 6% rise in owner-occupier loans, which reached 322,273 over…