Mortgage rates

How to Get Australia’s Best Interest Rates on Offer Right Now

PHOTO: Interest Rates | Supplied

We’ve made it to September, and it’s not just the weather that is heating up.

We’ve entered the spring home buying season in a period of greater affordability for would-be buyers, and the home loan rate war is only getting started.

This is a valuable time for young Australians who have felt priced out of the property market in major capital cities like Sydney and Melbourne. Decreasing house prices mean that owner-occupiers and budding property investors may finally have the chance to snatch up a home in their budget.

We also have a new lowest variable home loan rate in Australia currently sitting below 2 per cent for owner-occupiers. This is a rate that homeowners would only have dreamed of just a few years ago.

Meanwhile, new car sales have been steadily decreasing. For buyers still keen to get their hands on a new set of wheels, this means that the bargaining power may finally be in their hands – and not the dealer’s.

But none of this is achievable without a competitive savings account to help you grow your nest egg. This month, we explore the savings accounts still offering you better returns than some big banks.

READ MORE VIA LIFE HACKER

MOST POPULAR