Comparison Rate vs Interest Rate: What’s the Difference?
When comparing home loans, you’ll usually see two interest figures advertised: the interest rate and the comparison rate. While they may look…
Plain-English guides to how Australian home loans work, from comparing rates and choosing between fixed and variable to fees, loan features, refinancing, investing and buying your first home. The rates we quote come from the product data lenders publish under the Consumer Data Right, so you can check any guide against today's numbers in our comparison table.
When comparing home loans, you’ll usually see two interest figures advertised: the interest rate and the comparison rate. While they may look…
To compare home loans properly, start with the rates you could actually qualify for based on your deposit, loan size and purpose.…
A fixed rate locks your interest rate for an agreed period, usually one to five years. Your repayments stay predictable during that…
Your home loan interest rate is influenced by two broad groups of factors. The first is market-wide: the Reserve Bank of Australia…
An offset account and a redraw facility can both reduce the interest you pay on your home loan. The difference is how…
Lenders assess investment property loans using many of the same principles as owner-occupier home loans. They look at your income, existing debts,…
The most tax-efficient way to structure property loans is to keep investment debt and personal debt completely separate, pay down your non-deductible…
When you compare investment loans, the headline rate matters, but so do five other things that can change your returns. These are…
Interest rates affect property investors in two important ways: they change the cost of holding an investment property and can influence how…
Interest-only loans can improve an investor’s returns when they free up cash to pay down non-deductible debt, build an offset buffer or…
An offset account can reduce the interest you pay on your home loan while keeping your savings accessible. The more money you…
When choosing an investment property, you generally want it to do one of two things: earn you rental income or increase in…