Record low-interest rates for home loans could be bad news for younger generations
Record low-interest rates for home loans could be bad news for younger generations
11 January 2021
From today - Westpac is offering interest rates of 2.29 percent per annum.
The special one year fixed term rate's available for customers with 20 per cent equity, for an owner-occupier home.
OneRoof Editor Owen Vaughan says anyone ready to buy will be jumping for joy... but it's daunting for those just starting to save.
He says it means there'll be a more competitive market - because there are more buyers than there is stock.
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