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First homebuyers change tack to kickstart their property goals
First homebuyers are rethinking their path to property. We reveal how the ownership dream is evolving, and the strategies first homebuyers are using to achieve their goals. When it comes to life goals, they don’t come much bigger than buying a first home. And while getting started on the property ladder has become more challenging in recent years, a survey by customer-owned bank NGM Group confirms it’s a goal Australians continue to strongly reach for. What is changing, is th
Keen to save on your purchase? Seller discounts just hit a 5-year high
Eager to score a price discount on your home purchase? Of course you are. We reveal how much of a discount sellers are currently offering – and what you can do to flex your negotiating muscle. Today’s homebuyers have a chance to enjoy a rare double win – the savings of lower property prices in many areas, coupled with seller discounts (below the original asking price), averaging 4.4% across our state capitals. On today’s median capital city home value of $973,525, a 4.4% disc
A record 82% of home loans rely on mortgage brokers. Here’s why.
What does Australia have in common with the United Kingdom and the Netherlands? In all three countries brokers facilitate more than 80% of new mortgages. We explain why. The numbers say it all. Last year, brokers in Australia arranged one home loan every 38 seconds. Why have brokers become the go-to partner for home loan help in Australia? The answer lies beyond initial home loan support, and can extend across your lifelong property journey. 82% of borrowers know they’re on
What does a good home loan rate look like now?
A fourth rate rise for 2026 has just made checking your home loan rate a priority. But what does a ‘good’ rate look like right now? We reveal what’s currently a competitive rate, and how you may be able to land one. Let’s not sugarcoat this. Four rate hikes in just eight months is leaving plenty of home owners facing the squeeze of higher-than-expected loan repayments. In fact, the cash rate is now sitting at 4.6%, a level not seen since 2011. The difference is that 15 years
RBA hikes cash rate for fourth time this year, up to 4.60%
Here we go again … The Reserve Bank of Australia (RBA) has raised the cash rate for a fourth time this year to 4.60%. Check out this week’s article to find out why they felt the need to pass on more borrowing pain to mortgage holders. Following hikes in February, March and May, this latest 0.25% increase now brings the cash rate to the highest level it’s been in 15 years – since October 2011. The RBA’s Monetary Policy Board said in a statement that since the previous RBA meet
