Melbourne property: How much money Melburnians spend on their house deposits
The median home deposit paid has jumped by more than a third over three years, and is sky-high in some sought-after suburbs.
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The median home deposit paid has jumped by more than a third over three years, and is sky-high in some sought-after suburbs.
Interest rates have risen at the fastest pace in a generation and home owners are facing a repayment cliff – with varied results.
The launch of Mortgage Choice Freedom, powered by Athena promised game-changing new fair-value home loan products. Two months later, we caught up with Mortgage Choice brokers from across the country
As banks impose tougher lending standards and interest rate hikes drive property prices down, more Australians who borrowed at the height of the pandemic housing boom will find themselves in a mortgage trap, unable to refinance.
Rising interest rates aren’t the only headache for potential home buyers, who face new brakes on their ability to save a deposit and get a home loan.