Five years on from the start of the covid-19 pandemic, the property market is in a very different place. When the pandemic started, some banks predicted a crash in property prices. Instead, the national median price fell just 1.7%, before rebounding. By March 2025, the national median was 38.4% higher than in March 2020, according…

Good news if you’re a professional or essential worker – some lenders offer LMI waivers to professions such as police officers, teachers, firefighters, nurses, midwives, paramedics, accountants and lawyers. Lender’s mortgage insurance, or LMI, is an insurance premium you generally get charged when you provide a deposit of less than 20%. For example, if you…

Homebuilding approvals are heading in the right direction, opening up the possibility of more residential construction activity in the near future. A total of 16,579 approvals were issued in January, according to the Australian Bureau of Statistics. This marked a 6.3% month-on-month increase and 21.7% year-on-year increase, and was also the highest monthly total since…

The Reserve Bank of Australia (RBA) left the cash rate unchanged at 4.10% at its second monetary policy meeting of the year. Read the full statement here. The news was widely expected after the RBA cut rates in February. Following that decision, RBA governor Michele Bullock said the central bank was “waiting for more evidence…

The gap between the average variable interest rate and lowest variable rate on our comparison website, was 1.57 percent in early March, while the gap between the average and lowest fixed rate was 1.37 percent. It is very important to note that interest rate comparisons are not always equal, and some loans may be more…