Real Estate Buyers Agents Association (REBAA) president Cate Bakos said January usually spells a quiet time for housing, but things could be different in 2021.

“There is no doubt FOMO is affecting many people who feel they might be priced out of the market in 2021,” she said.

“In a moving market like this, buyers need to make sure they are buying the right property and not making a costly mistake they will later regret."

This coincides with a survey from QBE that found a third of respondents claim they know their neighbours better now than in previous years, with 61% saying they'd like to build better neighbour relationships.

Buying a home or looking to refinance? The table below features home loans with some of the lowest variable interest rates on the market for owner occupiers.

Update resultsUpdate
Filters
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees Max LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkComparePromoted ProductDisclosure
6.04% p.a.
6.06% p.a.
$3,011
Principal & Interest
Variable
$0
$530
90%
4.6 Star Customer Ratings
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Quick and easy online application process.
Disclosure
5.99% p.a.
5.90% p.a.
$2,995
Principal & Interest
Variable
$0
$0
80%
Apply in minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
 Disclosure
6.09% p.a.
6.11% p.a.
$3,027
Principal & Interest
Variable
$0
$250
60%
  • No annual fees – None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
 Disclosure
5.69% p.a.
6.16% p.a.
$2,899
Principal & Interest
Fixed
$0
$530
90%
  • Available for purchase or refinance, min 10% deposit needed to qualify.
  • No application, ongoing monthly or annual fees.
  • Flexibility to split your loan with both fixed and variable rates
 Disclosure
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

Important Information and Comparison Rate Warning

QBE claims data from the past three years also indicates 15% more theft claims are made during the festive period, as thieves know people won't be home as often.

This is why it's important to build relationships with neighbours, according to QBE chief customer officer of personal lines Eleanor Debelle.

“Our research shows that three in four of us feel more comfortable going on holidays if we know our neighbours are keeping an eye on things," she said.

"Reaching out to people who live nearby could be a great way to enhance your security and also build on that sense of community that has started to develop over the year.”

“If you’re not in the habit of letting your neighbours know when you go away, now would be a great time to start. Aside from increasing the security of your home, it may also strengthen the relationship you’ve built during 2020.”

QBE's survey was conducted in November and polled 1,004 people aged 18-65. 

via GIPHY

Photo by Jaco Pretorius on Unsplash



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