Better off with variable

As a general rule most people are better off sticking to a variable rate for their home loan rather than a fixed rate, according to RateCity chief executive officer Damian Smith.

Better off with variable

As a general rule most people are better off sticking to a variable rate for their home loan rather than a fixed rate, according to RateCity chief executive officer Damian Smith.

More living on struggle street

THE average size of a home loan has risen by 40 per cent since 2005, leaving more than half a million Australians struggling to meet their repayments

More living on struggle street

THE average size of a home loan has risen by 40 per cent since 2005, leaving more than half a million Australians struggling to meet their repayments

More on struggle street as rates rise

THE average size of a home loan has risen by 40pc since 2005, leaving many Australians struggling to meet their repayments.

Fixed rate loans gain market share

New mortgagees have recently doubled the Australian market share of fixed rate loans from just below one per cent in January to more than two per cent in February, according to Mortgage Choice home loan February data.

Average houses will be worth $1,000,000 by 2019

Back in October 2009 I wrote a Yahoo7 column called Buying an Australian home – still worth it? I asked whether Aussie homes were still worth the sacrifice. One thing I examined was the financial pressure to buy – that is, people’s worry that if they didn’t buy soon they’d be forever priced out of [...]