Trending Financial News 7 October

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 [...]

POSTED ON October 7, 2019
Trending Financial News 4 October

Government tells borrowers – vote with your feet The treasurer Josh Frydenberg has again slammed banks for not passing on the full amount of the [...]

POSTED ON October 4, 2019
Athena Home Loans

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 [...]

POSTED ON October 3, 2019
Home buying bargains in regional Australia

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 [...]

POSTED ON September 24, 2019
Guarantor Home Loans – How to Get One

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 [...]

POSTED ON September 19, 2019
How much can I borrow?

New ‘secret shopper’ research reveals what each big bank is prepared to lend – and the answers will SHOCK you. In fact, the differences right [...]

POSTED ON September 13, 2019
Big banks join low rate mortgage war

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 [...]

POSTED ON September 10, 2019
What to consider when refinancing your home loan

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 [...]

POSTED ON September 5, 2019
RBA leaves rates unchanged for September

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) [...]

POSTED ON September 3, 2019
Could Australia get negative interest rates?

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 [...]

POSTED ON August 29, 2019
History of Interest Rates in Australia

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 [...]

POSTED ON August 28, 2019
Great home loans for refinancers

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 [...]

POSTED ON August 23, 2019
These two men determine your home loan rate

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 [...]

POSTED ON August 22, 2019
How much can I save with refinancing?

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 [...]

POSTED ON August 16, 2019
Westpac beats watchdog in battle of the beef

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 [...]

POSTED ON August 13, 2019
RBA Rate Updates

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 [...]

POSTED ON August 6, 2019
Great time to be a borrower

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 [...]

POSTED ON July 30, 2019
Expect more rate cuts in 2019

RBA Governor Philip Lowe and the board of the RBA are being very clear with their messaging at the moment – expect more rate cuts [...]

POSTED ON July 18, 2019
Your home loan deposit explained

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, [...]

POSTED ON July 12, 2019
How to get a self-employed home loan

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 [...]

POSTED ON July 12, 2019
Home loans with rates UNDER 3%

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 [...]

POSTED ON July 11, 2019
Big changes coming soon to home loan rules

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 [...]

POSTED ON July 5, 2019
Are there any green banks in Australia?

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 [...]

POSTED ON June 25, 2019
Buying versus renting in Australia

“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 [...]

POSTED ON June 13, 2019
How low can interest rates go?

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 [...]

POSTED ON June 13, 2019
First lender passes on full RBA rate cut

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) [...]

POSTED ON June 4, 2019
Does Australia need an interest rate cut?

Does Australia need an interest rate cut? Vote YES or NO Should monetary policy put “People before Profits” or “Poverty before Property Prices?” The [...]

POSTED ON June 3, 2019
Good news about bad credit

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 [...]

POSTED ON June 3, 2019
Over 40? Do you have an exit strategy?

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, [...]

POSTED ON May 31, 2019
First Aussie bank smashes through 3%

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 [...]

POSTED ON May 31, 2019
Lenders slash variable and fixed rate mortgages

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 [...]

POSTED ON May 5, 2019
Boom in home equity loans

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 [...]

POSTED ON April 3, 2019
Good credit history? New laws could help you save

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 [...]

POSTED ON November 8, 2017
Houses are getting more affordable – at last

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 [...]

POSTED ON June 2, 2016
Wow – these fixed rates are really low

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 [...]

POSTED ON May 26, 2016
Would you borrow money off Facebook?

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 [...]

POSTED ON April 19, 2016
Is now a good time for a fixed rate home loan?

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 [...]

POSTED ON April 8, 2016
Young people are the new landlords

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 [...]

POSTED ON December 9, 2015
Are all banks raising their home loan rates?

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 [...]

POSTED ON October 23, 2015
Two more lenders go under 4 per cent

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 [...]

POSTED ON October 20, 2015
If you don’t like Westpac’s rate rise …

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 [...]

POSTED ON October 20, 2015
What are the different types of home loan?

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 [...]

POSTED ON October 6, 2015
Why do interest rates go up and down?

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 [...]

POSTED ON October 6, 2015
This lender has just been suspended

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 [...]

POSTED ON September 22, 2015
How can we afford to buy a first home?

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. [...]

POSTED ON September 18, 2015
OK, now is a good time to get a new home loan

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, [...]

POSTED ON August 7, 2015
Why NOW is the perfect time to refinance

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 [...]

POSTED ON July 31, 2015
Low risk lending does not mean low house prices

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 [...]

POSTED ON June 5, 2015
CUA slashes variable and fixed rates

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 [...]

POSTED ON May 13, 2013
RBA backs banks on home loan rates

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 [...]

POSTED ON March 22, 2013
Fixed rates starting to rise again

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 [...]

POSTED ON March 20, 2013
RBA keeps rates at 3.0 per cent

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 [...]

POSTED ON February 6, 2013
ANZ cuts variable rates by 0.20%

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 [...]

POSTED ON December 17, 2012
Variable rates now 3% over RBA cash rate

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 [...]

POSTED ON October 22, 2012
Bendigo cuts variable rates by 0.19 per cent

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 [...]

POSTED ON October 11, 2012
The Greater cuts variable rates by 0.15%

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% [...]

POSTED ON October 5, 2012
Fixed versus variable rates: which is best?

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 [...]

POSTED ON September 20, 2012
Borrowers more confident with variable rates

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 [...]

POSTED ON July 16, 2012