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Home Loan News

Jump in new housing starts

There were 40,022 new dwellings were started last quarter, up 15.1 percent on the previous quarter and the highest in two years. That was the biggest quarterly gain in eight years and the second strongest since the series began in 1958.  Read full article

Home price timebomb is ticking

Australia faces a home price timebomb says one of Australias leading builders. Australia's current shortage of 200,000 homes and an annual shortfall of 60,000, would balloon to 800,000 by 2020, if no reforms were undertaken said Stockland managing direct Read full article

New lenders undercut the big four

New players are entering the mortgage lending market with promises to shake things up and provide some real competition to the big banks. Read full article

Competition returning to mortgages says RBA

Guy Debelle, assistant governor of the Reserve Bank of Australia, said at an industry event yesterday that the market share of the big banks in Australia had peaked.  Read full article

New home finance numbers plummet

The ABS reported that on a seasonally adjusted basis the total number of housing finance commitments fell by -7.9% during January. Importantly the two types of finance commitments which assist in adding to supply (construction of new dwellings and purchas Read full article

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Home Loan Guides

Don’t get caught out with interest rates increases

Your bank just increased your home loan rate by 0.25% (or did they?) How to keep your lender honest Read full article

Prepare for Rate Rise or Risk Needing a Second Job

Leading banking comparison site Infochoice.com.au has warned many Australians are inadequately prepared to cover the rising costs of home loan repayments following the anticipated return to more normal interest rate levels in the coming months. Read full article

How to reduce your bank fees

With several banking products available in the market, and with different terminologies used to describe the nature of the fees charged on these accounts, it is no wonder consumers often get confused or lose track of the fees they are paying. Read full article

What to look for in a reverse mortgage

While reverse mortgages are being touted as the answer to a cash-strapped, home-owning retirees prayers, there are always potential pitfalls to consider. Read full article

High error rates in loan statements

A recent survey found that errors occur in the majority of home loan statements. There is no such thing as a perfect system, mistakes are a fact of life and that's why you should keep a close eye on your home loan or business loan statements. Read full article

Use comparison rates wisely

All lenders must now include "comparison rates" in advertisements for their home loans and personal loans to help consumers get a feel for the true cost of the loan. Read full article

The lowdown on low-docs

Low-doc loans are generally considered to be riskier than standard loans because they are made available to people who typically have less regular income. Read full article

Check your broker is genuine: MIAA

The MIAA says borrowers at any stage of the mortgage process need to be more discerning with the decisions they make and the mortgage professional they use. Read full article

What is a non-conforming loan?

It is important to be aware of the distinction between low-doc and non-conforming loan products. Read full article

What to ask your low-doc lender

Low-doc loans are designed for people who wish to borrow to buy a property but cannot provide the documentation that is generally required for a standard loan. Read full article

More Home Loan Guides >

Choosing a Home Loan

Whether you are a first-time buyer looking for a home loan or looking to refinance your existing home loan, you'll find it easier to find the loan that meets your needs right here.

Finding the right home loan isn't an easy task with thousands of products from hundreds of lenders it can be overwhelming just thinking about. Instead of searching through thousands of websites and sifting through mountains of information we've compiled the important details in a nice easy to digest table format.

To help you find the home loan we've created a search selector which helps narrow down the list of home loans simply by entering loan amount required, fixed or variable, loan purpose you can quickly narrow down your options. If your looking for a specific type of loan on offer you can use our quick links above the selector to go straight to the home loan results pages. With home loans being such a complicated product there are 3 tables for you to look through detailing rates, fees and features of those loans, you can view each of these tables by clicking on the tabs above the tables. If you've found some home loans that you think will suit your requirements you can compare each of these loans side-by-side by selecting the tick box next to each of the loans and click the compare selected button, in this view you will be able to view each of the loans with a full list of details in a side-by-side comparison.

We also offer a direct link to the home loan providers website where you can click through and get in touch with them directly, or if you would like to ask us a question simply fill out our "help me choose" form and one of our home loan experts will get in touch with you to discuss any questions you may have.


Today's Top Home Loan Rates

Institution Product Title Rate (%) Details
Variable SmartFit 6.24
Wealth Package ($150,000-$350,000) 6.36
Standard Variable Loan 6.62
Standard Variable 6.70
NAB Tailored Home Loan - Variable Rate 6.74
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. Popular loans are from the top 15 leading banks & credit unions. The 3 year tabs show loans that are fixed for 3 years.