Australians refinance $53.7 bn worth of property loans during the pandemic

New ABS Lending Indicators data released today shows new home lending increased in July for the second consecutive month, following earlier lifts in COVID-19 restrictions to auctions and open homes.  The value of new home lending rose by 8.9% in July, following a 6.4% rise in June based on seasonally adjusted figures. Canstar analysis of […]

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Why would you refinance? (Hint: not because of rates)

According to the ABS, the number of people refinancing their mortgage increased by over 63% in the year to May 2020. Quite often people think the only reason to refinance is to obtain a lower interest rate. However, this thinking is incorrect. Typically, you don’t need to refinance to obtain a lower interest rate (more about […]

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