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So it turns out some mortgage offset accounts haven’t been working as intended, according to a recent investigation. Here’s how to check if your home loan offset account has actually been helping you save. Offset accounts are popular among Australian borrowers, with more than one-in-two (55%) home loans now having an offset. If that sounds like you, chances are you may be concerned about a recent investigation by the Australian Securities and Investments Commission (ASIC) tha

Waiting for home prices to ‘bottom out’ before buying may seem like a smart strategy but it could work against you. Here are the risks of holding out and hoping for lower prices. It’s no secret that some of the heat is coming out of the property market. Home buyers are now under less pressure to make a rushed decision, and more homes are coming onto the market, giving buyers greater choice. But holding off and waiting for prices to reach a low point may be a high-risk strateg

Things are looking up for homebuyers. New listings are on the rise, and that can mean more choice and less FOMO pressure for buyers. Here’s how the shift in today’s market could benefit your homebuying plans. It wasn’t so long ago that FOMO (‘fear of missing out’) was a driving force in Australia’s housing market. Property listings were at multi-year lows, prices were rising rapidly, and a report by Finder revealed almost two-in-five first homebuyers had purchased a property

The Reserve Bank may have kept rates on hold in June, but a growing number of lenders have cut their home loan interest rates. This could be your sign to review your current loan. Here’s news that should be music to the ears of Australian home owners. Despite the Reserve Bank of Australia (RBA) keeping the cash rate steady in June, almost a dozen lenders have cut their variable home loan rates in recent weeks. As a result, there are now 40 lenders offering at least one variab

With more first home buyers relying on family support to get into the market, we explain why it may be beneficial to put the details in writing if Mum and Dad offer a financial helping hand. Higher home prices are seeing more first homebuyers turn to family members for help buying a place of their own. That support can come in a variety of forms, including living at home rent-free to help grow a deposit, or having parents act as guarantor for a first home loan. But it can al