3. Increased Competition Among Lenders<\/h5>\n\n\n\n
Australian banks have been offering cash-back incentives and discounted rates to compete for a share of the mortgage business3<\/sup>. This increased competition could mean better deals for borrowers, as lenders vie for their business.<\/p>\n\n\n\n These loans offer flexibility, allowing borrowers to take advantage of any future decreases in interest rates.<\/p>\nMortgage Savings<\/cite><\/blockquote>\n\n\n\n Property values in Australia have been increasing, recording growth of 0.8% for August 20234<\/sup>. Rising property values can impact the amount you can borrow, as well as your equity if you’re already a homeowner.<\/p>\n\n\n\n Despite reaching the ‘fixed-rate cliff’ – a point at which many homeowners’ fixed-rate loans revert to a higher variable rate – mortgage arrears remain low1<\/sup>. This suggests that many borrowers are managing their loans effectively, even in the face of potential rate increases.<\/p>\n\n\n\n The market size of the mortgage industry in Australia has seen an average decline of 8.0% per year between 2017 and 20225<\/sup>. However, the market continues to evolve with new trends and factors shaping the industry6<\/sup>.<\/p>\n\n\n\n Understanding these trends can help you navigate the mortgage market more effectively. For tailored advice on how these trends could impact your specific circumstances, consider consulting with a financial adviser or mortgage broker.<\/p>\n\n\n\n 1. Rising Interest Rates Staying informed about the latest trends in the mortgage industry can help you make the most of your home loan. In this article, we explore key…<\/p>\n","protected":false},"author":4,"featured_media":34707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[233],"tags":[278,267,241,236],"class_list":["post-32167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digest","tag-australian","tag-mortgage","tag-news","tag-search"],"_links":{"self":[{"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/posts\/32167"}],"collection":[{"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/comments?post=32167"}],"version-history":[{"count":4,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/posts\/32167\/revisions"}],"predecessor-version":[{"id":34739,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/posts\/32167\/revisions\/34739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/media\/34707"}],"wp:attachment":[{"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/media?parent=32167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/categories?post=32167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mortgagesavings.com.au\/wp-json\/wp\/v2\/tags?post=32167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
4. Property Values on the Rise<\/h5>\n\n\n\n
![\"\"](\"https:\/\/mortgagesavings.com.au\/wp-content\/uploads\/2023\/04\/art6.2-1024x536.jpg\")
<\/figure>\n<\/figure>\n\n\n\n5. The ‘Fixed-Rate Cliff’<\/h5>\n\n\n\n
6. Shifting Market Size<\/h5>\n\n\n\n
Footnotes<\/h6>\n\n\n\n
\n
<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"