More lenders cut home loan rates More lenders are announcing rate cuts following the RBA’s October rate cut of 0.25 percentage points on Tuesday. P&N [...]
Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]
Athena Home Loans like to deliver savings When the Reserve Bank of Australia announced a 0.25 percentage point rate cut this week, the first lender [...]
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MEDIA RELEASE 2 October 2019 The big banks have defied the treasurer Josh Frydenberg and NOT passed through the entire 0.25% RBA rate cut to [...]
Around 100,000 owner-occupier home loan borrowers have been reclassified as investors. The change means they could be hit with higher interest rates in the future. [...]
MEDIA RELEASE 1 October 2019R FIRST LENDER PASSES ON FULL RBA RATE CUT The Reserve Bank of Australia board today cut the overnight cash rate [...]
You have an account with at least one of the Big Four banks – ANZ, CommBank, Westpac or NAB or another bank or credit union [...]
A huge part of the fun and excitement of looking for a new home is browsing all the real estate websites and cooing over the [...]
Where can you find a property bargain? The cost of living in Sydney is inarguably high. As a comparison, house prices are approximately 23 per [...]
More Aussies are taking out home loans requiring them to spend thousands on Lenders Mortgage Insurance (LMI), but do they really know what they’re paying [...]
What is a guarantor home loan and how does it work? Quite simply, a guarantor home loan is one that has a portion of the [...]
MEDIA RELEASE 15 September 2019 There are now ninety-seven – 97 – home loans with advertised rates under 3 per cent pa, including 96 for [...]
New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]
Lenders don’t use the loan’s advertised interest rate to assess your application and whether you can afford to repay it - they have much higher [...]
Westpac announces amazing new low rates and first major regional bank goes under 3%* Westpac slashes home loan rates by up to 1.30%. Westpac has [...]
…. and how to get the best home loan deal ‘I want the best home loan’ By Jason Bryce Low interest rate, low fees, fixed rate, variable [...]
By Richard Holdcroft With the lowest home loan interest rates in history now on offer, there are potentially huge savings to be had on your mortgage. Thanks [...]
MEDIA RELEASE 3 September 2019 Four-year fixed rates go under 3% The Reserve Bank of Australia board has left the official overnight cash rate (OCR) [...]
The world economy is in totally uncharted territory. Last week central bankers from around the globe met in Jackson Hole, Wyoming, USA and tried to [...]
By Jason Bryce The history of interest rates in Australia tracks our national economic development and some of the biggest political and financial events in [...]
Home loans typically last for 25 or 30 years, unless you repay it early or refinance. Refinancing means using a new loan to pay off [...]
US President Donald Trump is an unconventional and controversial political leader. That’s not news but what you may not realise is how much influence Mr [...]
Looking for an investment home loan is quite different to looking for an owner–occupier home loan. Here’s what you need to look at when you’re [...]
If you’re looking to shave off a few dollars from your mortgage each month, then turning to an online lender is a good option for [...]
How much can I save by refinancing? Refinancing your home loan could be one of the best financial decisions you ever make. And refinancing is [...]
Westpac has emerged victorious after a bombshell court decision today that vindicates automated assessments of loan applicant’s living expenses using a formula called the Household [...]
Rates update 26 February 2020: Could coronavirus trigger interest rate cuts? The Reserve Bank of Australia (RBA) will meet next week to decide on whether [...]
Despite recent property price falls, it’s still difficult to get together a 20 per cent home deposit. If you’re renting and trying to save up [...]
Home loan rates have hit all-time record lows. The property market is showing signs of recovery. Regulators have eased home loan eligibility guidelines. Lenders are [...]
When you’re looking for a home loan deal, you’ll probably think first of approaching one of the Big Four Aussie banks – NAB, ANZ, Westpac [...]
RBA Governor Philip Lowe and the board of the RBA are being very clear with their messaging at the moment – expect more rate cuts [...]
Australia’s Big Four banks – Commonwealth Bank, Westpac, ANZ (Australia and New Zealand Bank) and NAB (National Australia Bank) dominate our economy and are most [...]
Strictly speaking, you don’t pay stamp duty on your home loan, you pay it as a tax on your property purchase. However, you’ll have to [...]
For many of the hopeful, wannabe homeowners in Australia, it’s not keeping up with home loan news and finding the right property that stumps them, [...]
You might love the freedom of being self–employed but you probably don’t like the attitude of banks and lenders to self-employed loan applicants. One of [...]
Home loan rates in Australia have never in living memory been as low as they are now. In short, it’s a great time to be [...]
Thousands of Australians who are currently considered not able to afford a home loan are about to suddenly become eligible for mortgage credit. Home loan [...]
If you’re Muslim, then you may have wondered for a long time about how you can get a mortgage so you can own your own [...]
The Reserve Bank of Australia has announced a cut in official interest rates (OCR) of 0.25 percentage points to 1 per cent. The first big [...]
The Reserve Bank of Australia has announced a cut in official interest rates (OCR) of 0.25 percentage points to 1 per cent. Vadim Taube, chief [...]
When you’re planning to buy your first property you spend hours on real estate sites, sighing over the video tours and ads about easy home [...]
The Reserve Bank of Australia board meets on Tuesday 2 July to decide whether to cut interest rates for the second month in a row [...]
Which bank is greenest? Are you concerned that the planet is warming and some politicians are really not responding with appropriate urgency? Are you concerned [...]
What is a real estate “bubble?” A property bubble is initially fueled by demand which outstrips a limited supply. It’s the increasing price of housing [...]
“It is more affordable to buy than rent” Which cities and towns are cheaper for home buyers than renters? Suddenly in 2019, there are plenty [...]
Tuesday June 4 will be remembered as the day the Reserve Bank of Australia (RBA) reduced interest rates to a new all-time record low. The [...]
Commonwealth vs Westpac vs NAB vs ANZ Australia’s Big Four banks are Westpac, National Australia Bank (NAB), Commonwealth Bank and ANZ. They’re called the Big [...]
‘When people look around, they generally get a better deal’ If you are one of the many millions of Australians who have been angered by [...]
Get married, buy a house, and live in it. Simple, right? Perhaps not. This path of normality paved by older generations has left millennials perplexed [...]
Non-bank lender announces amazing new super-low comparison rate The Reserve Bank of Australia has just announced an historic cut in the official cash rate (OCR) [...]
Borrowers are today celebrating Australia’s first official interest rate cut in almost three years, and experts are predicting more to follow. But why wait to [...]
Does Australia need an interest rate cut? Vote YES or NO https://www.facebook.com/193785440635734/posts/2667190169961903/ Should monetary policy put “People before Profits” or “Poverty before Property Prices?” The [...]
Many Australians worry about their credit rating these days, especially if they know their own rating isn’t as good as it could be. Finding out [...]
Mortgage stress for Australians has reached an all-time high. Across the country, more than one million households are estimated to now be in mortgage stress—meaning [...]
Life is meant to begin at 40. You’re older. Wiser. Better equipped to deal with the world and what it throws at you, except, apparently, [...]
The first lender in Australia to announce a retail home loan rate under three per cent is Greater Bank. The Newcastle based mutual bank has [...]
And how much would an RBA rate cut save me on mortgage repayments? The Reserve Bank of Australia board has decided to keep the official [...]
How much do you need to save in order to fund a deposit for home and get approved for a mortgage? Buying a home is [...]
The Reserve Bank of Australia has stubbornly resisted cutting interest rates in recent years but some lenders have been slashing their variable rate, and fixed [...]
For the first time, borrowing to fund travel, cars and consumer goods is outstripping new spending on housing, according to the Reserve Bank. Australians are [...]
The Turnbull government has announced ‘game changing’ new laws that will allow Australian’s to negotiate a better deal on their home loans, credit cards and [...]
Westpac has announced that new parents will now have their paid parental leave and return to work income recognised when they apply for a mortgage. [...]
According to the latest Housing Affordability Report by Adelaide Bank and The Real Estate Institute of Australia, residential property is becoming more affordable. The proportion [...]
Teachers Mutual Bank’s three-year fixed rate has been reduced by 0.25 percentage points to 3.74 per cent (4.88 per cent comparison rate). Teachers Mutual Bank’s [...]
Right now, in May 2016, the best (the lowest) standard variable home loan interest rate in the market is around 3.73 per cent, down from [...]
The Reserve Bank’s official cash interest rate has remained at 2.0 per cent since May 2015 but experts say it could go lower in 2016. [...]
Currently there are hundreds of reputable personal loan providers competing for your business. They use credit reference files and credit scores to price and approve [...]
Australian home loan borrowers traditionally favour variable rate mortgages. However, investors are more likely than owner-occupiers to choose a fixed rate home loan. Even when [...]
One in three Gen Ys (people aged under about 35 years) plan to buy a home in the next three years. Ten per cent plan [...]
Australia’s biggest mortgage lender, the Commonwealth Bank, has announced a rise in variable mortgage rates for owner-occupiers of 0.15 percentage points. Westpac has announced a [...]
North Queensland based lender Auswide Bank has announced a new variable home loan interest rate of 3.98 per cent for owner-occupier borrowers who have equity [...]
Smaller lenders are trying to take advantage of the opportunity that Westpac’s recent rate rise is creating for them. Aussie Home Loans, Auswide Bank, AMP [...]
There is a staggering array of different home loan products in the market. If your home loan doesn’t suit your needs, there is sure to [...]
It’s the first Tuesday of the month. Every month on this day the board of the Reserve Bank of Australia meets to set official interest [...]
Payday lender PAID International has been suspended from credit activities until 7 April 2016 and is insolvent said the corporate watchdog ASIC. In October 2014 [...]
Many first home buyers try to save about 20 per cent of the purchase price of the type of home they are interested in buying. [...]
The language of lending is confusing to many Australians. Do you know what basis points, comparison rates and LVRs mean? Your interest rate is the [...]
Mortgage interest rates have been at a record low since the Reserve Bank dropped the official rate to two per cent in June 2015. So [...]
Competition for owner-occupier home loans is heating up and that is great news for borrowers. As the government crack-down on risky property investment mortgages intensifies, [...]
Many borrowers stay with their home loan because they think switching to abetter deal is difficult and expensive. In fact refinancing is now easier and [...]
In July 2015, the average Australian variable home loan interest rate is about 4.83 per cent, down 0.23 percentage points over the last three months. [...]
Lenders may be slightly more motivated to deliver a good deal to loan applicants because the number of new home loans being sold fell last [...]
A sharp increase in long-term bond yields, led by a sell-off in German government bonds, could be the first signs of inflation returning to US [...]
A survey of 1000 people by ME Bank found almost 40 per cent of participants don’t know how the Reserve Bank’s official cash rate affects [...]
The Australian Prudential and Regulatory Authority chair, Wayne Byres, told a Senate committee that “We will be watching [lenders] carefully over the remainder of the [...]
If you are thinking about a fixed rate home loan, now may be your last chance to grab a great deal. Fixed rate home loans [...]
Home loan interest rates are now at historic low levels – so is now a good time to lock in a fixed rate mortgage? Many [...]
CUA will cut rates across both its fixed and standard variable home loan (SVHL) product suites, with CUA Rate Breaker Package rate changes effective from [...]
The RBA decision to cut the cash rate by .25% to 2.75% on Tuesday marks the first time since records began 53 years ago that [...]
The Reserve Bank reported yesterday that “lending rates have tended to move in line with funding costs over the past 12 months.” The RBA said [...]
After nearly two years of downward movement on fixed interest rate home loans, a major bank has made the first increase on their fixed interest [...]
The Reserve Bank has left the official cash interest rate unchanged at 3 per cent for February. A poll of 28 economists carried out by [...]
ANZ announced it will reduce interest rates for variable rate mortgages by 0.20% p.a. effective 21 December 2012. ANZ’s new standard variable mortgage rate will [...]
New research shows the big banks have ‘charged’ their borrowers an extra $18bn by not passing on the RBA’s rate cuts to standard variables over [...]
In response to the RBA cutting the cash rate by 0.25 percentage points, Bendigo and Adelaide Bank reduced its standard variable home loan rate by [...]
The Greater Building Society’s standard variable home loan and basic variable home loan rates will fall by 0.15% to 6.25% p.a (comparison rate of 6.31% [...]
There are plenty of ways for banks to maximise the profits they make from your home loan. The standard home loan term has crept from [...]
Most economists think the Reserve Bank of Australia has a bias towards cutting interest rates as the mining boom cools and inflation remains contained. So [...]
New findings from the national RAMS First Home Buyers’ Pulse Check survey reveals almost 3 in 4 first home buyers believe now is a good [...]
The percentage of new borrowers choosing variable rate home loans rose in June for the third consecutive month as rate cuts hit home, according to [...]