The Credit Score Blog
A blog about mortgages, loans, interest rates, tips and tricks.
Drive or walk around your local suburb mid-morning on a Saturday and chances are you’ll pass a few freshly banged up ‘Auction’ signs.
But is Saturday actually the best day to auction your home? New data suggests perhaps not. 👇
Australia’s biggest bank has hiked its three-year fixed rate for owner-occupiers in a further sign that “the tide is turning on interest rates”.
So if you’ve been umming and ahhing about fixing your interest rate, it could be high time to do so
With interest rates at record low levels, we’ve seen a big increase in homeowners wanting to refinance this year.
So this week we’ll look at some of ASIC’s top tips for refinancing, plus some of our own for good measure!
Single parents saving for a property and first home buyers are the big winners from this year’s federal budget.
Today we’ll break down the three schemes that will help them crack the property market sooner.
While it might feel like property prices are skyrocketing out of reach, the majority of Australian homes are actually cheaper to buy than rent over the next decade, according to a new report.
How so? Let’s take a look.
Property prices climbed at a breathtaking pace in early 2021, which has been good news for homeowners and heartbreaking for house hunters.
However, there are seven key signs that the pace of capital gains has peaked.
Tens of thousands of HomeBuilder applicants around the nation can breathe a sigh of relief after the federal government extended the construction commencement requirement from six months to 18 months.
You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market?
Well, let’s just say it definitely helps to have spoken to us about pre-approval if you’re actively house-hunting right now.
Hint: it’s not very long
The COVID-19 loan deferral program and credit reporting amnesty is now over, which means banks will report any late repayments on mortgage or small business loans to credit agencies unless you’ve entered into a hardship arrangement.
If you think you might be financially impacted by the end of JobKeeper, then check out our latest article on how to avoid late repayments being recorded up on your credit file.
House prices could jump 17% in 2021 and mortgage rates are set to rise much sooner than expected, ANZ Bank has tipped.
Let’s look at how soon they think it’ll be before fixed rates rise