Each month we sift through home loan information from the various comparison websites – Canstar, Finder, Mozo and RateCity and aggregate a list of the most competitive mortgage products based on Interest Rates and Fees and establish top 10 home loans tables for Australia.
The following table is just a snapshot of the lowest home loan rate products currently available in the marketplace. You can link to each of the monthly tables and it also expands to a full list of the top 10 mortgages by product category with their interest rates and fees.
Best Mortgages for November 2017
|Residential Home Loans|
|Variable Rate||Reduce Home Loan||3.39%|
|1 Year Fixed Rate||MyCreditUnion||3.39%|
|2 Year Fixed Rate||IMB||3.65%|
|3 Year Fixed Rate||Auswide||3.69%|
|5 Year Fixed Rate||Suncorp||3.99%|
|Investment Property Loans|
|1 Year Fixed Rate||U Bank||3.99%|
|2 Year Fixed Rate||BOQ||3.85%|
|3 Year Fixed Rate||Newcastle Permanent||3.99%|
|5 Year Fixed Rate||Newcastle Permanent||4.24%|
|Source: RateCity & Compiled MoneyAction as at Nov 5 2017|
Compare versus the big 4 Banks
You can also listen to Ross Greenwood ‘s interviews with industry experts. Most interviews are transcribed and you can search for some of the Who, What, Why and How questions. A recent summary of Home Loan related questions like:
How do I replace house price numbers today? Listen or read the transcript of this interview with Tim Lawless, CoreLogic under the title of ”Property gains over the second quarter of 2017 is losing steam”.
How do you improve affordability? Listen or read the transcript of this interview with Saul Eslake, Vice Chancellor and Fellow at University of Tasmania under the title of ”Negative Gearing Reform – Saul Eslake”.
How to get budgets back into balance ? Hear or read the transcript of this interview with John Key, Former New Zealand Prime Minister under the title of ”John Key – Bank Levy, Budget and Housing Affordability”.
What happens is they start to raise rates ? Hear or read the transcript of this interview with Helena Chang, Vice President, Moody’s Investors Services under the heading of”Housing Affordability gets worse – Alena Chen Moody’s”.
What if a hard working person reasonably wants to get into the housing market? Hear or read the transcript of this interview with Gladys Berejiklian, Premier NSW under the title of ”NSW Premier Gladys Berejiklian – Housing Affordability Package”.
What is driving the deterioration is housing prices? Read the transcript or listen to this discussion with Helena Chang, Vice President, Moody’s Investors Services under the title of ”Housing Affordability gets worse – Alena Chen Moody’s”.
Who can get a long term lease and so very few tenants ? Listen or read the transcript of this interview with John Daley, CEO of the Grattan Institute under the heading of ”Housing affordability Gratton Insititute”.