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Home Loan News

The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

Some of the top-rated home loans in July 2024

The Reserve Bank of Australia (RBA) kept the national cash rate on hold at its June 2024 meeting, meaning most home loan interest rates are likely to also stay on hold for the time being. But with recent inflation data coming in higher than expected, there are risks that Australian homeowners may not receive rate relief until next year, and may even need to brace for a potential rate hike.

Home Loans

01 Jul, 2024

3 min read

Some of the top-rated home loans in July 2024
Sally Tindall

Research Director

Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?

Australians tucked an additional $6.53 billion away in the bank in May as deposits from households continued to hit record highs.

Home Loans

28 Jun, 2024

5 min read

Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?
Sally Tindall

Research Director

NAB says the next cash rate move will be down, not up, but not until 2025

The National Australia Bank has updated its cash rate forecast, pushing the first projected cash rate cut out by six months to May 2025.

Home Loans

27 Jun, 2024

4 min read

NAB says the next cash rate move will be down, not up, but not until 2025
Eden Radford

External Comms Lead

Interest Rate Predictions & Forecast Australia | RateCity

The Reserve Bank of Australia is forecast to make at least one cut to the cash rate this year. Here's when the experts predict it could happen.

Home Loans

27 Jun, 2024

5 min read

Interest Rate Predictions & Forecast Australia | RateCity
Eden Radford

External Comms Lead

Monthly inflation spike puts rate hikes back on the menu

The prospect of a 14th rate hike is back on the table as the latest ABS monthly CPI indicator shot up to 4 per cent in the month of May.

Home Loans

26 Jun, 2024

6 min read

Monthly inflation spike puts rate hikes back on the menu
Eden Radford

External Comms Lead

Borrowers to bunker down with rates to stay on hold... until 2025

Borrowers should plan to bunker down for the remainder of the year under the pressure of the current cash rate of 4.35 per cent, as inflation gives the RBA little room for a rate cut this year.

Home Loans

17 Jun, 2024

6 min read

Borrowers to bunker down with rates to stay on hold... until 2025
Mark Bristow

Personal Finance Editor

What to expect from the RBA meeting in June 2024

The Reserve Bank of Australia (RBA) board is unlikely to change the cash rate at its June 2024 meeting, according to economists from some of Australia’s biggest banks. However, pressure from a variety of economic factors may force the RBA to push back previously forecast cash rate cuts until 2025.

Home Loans

14 Jun, 2024

6 min read

What to expect from the RBA meeting in June 2024
Eden Radford

External Comms Lead

Arrears on the rise despite record levels of cash in offset accounts

The total amount of money stashed in offset accounts has hit another record high of $271.72 billion, as borrowers continue to stash cash in their mortgages despite the rate hikes.

Home Loans

12 Jun, 2024

7 min read

Arrears on the rise despite record levels of cash in offset accounts
Eden Radford

External Comms Lead

Cash rate to remain on hold next Tuesday as ANZ pushes rate cuts into 2025

The RBA is set to leave the cash rate on hold at 4.35 per cent following its meeting next week, with ANZ today now saying it does not believe the first rate cut will come until 2025.

Home Loans

11 Jun, 2024

6 min read

Cash rate to remain on hold next Tuesday as ANZ pushes rate cuts into 2025
Eden Radford

External Comms Lead

When Will Interest Rates Go Down In 2024 | RateCity

The Reserve Bank of Australia has hiked the cash rate multiple times since May 2022, resulting in home loan rates rising across the country. Millions of Australian homeowners are likely asking themselves: when will interest rates fall again?

Home Loans

11 Jun, 2024

6 min read

When Will Interest Rates Go Down In 2024 | RateCity
Mark Bristow

Personal Finance Editor

Cashback home loan deals in June 2024

Australians are running out of time to apply for some cashback deals, with Westpac’s subsidiaries withdrawing their cashback offers from the market as of the end of the month. There are still a limited number of cashback home loan deals available for refinancers and owner occupiers, making it important to compare options before deciding. 

Home Loans

07 Jun, 2024

5 min read

Cashback home loan deals in June 2024
Eden Radford

External Comms Lead

Money in the bank now $200 billion higher than since the start of the hikes + Westpac home loan growth surges ahead

Australians squirrelled away $4.69 billion in the month of April as money in the bank from households continues to hit new heights.

Home Loans

31 May, 2024

4 min read

Money in the bank now $200 billion higher than since the start of the hikes + Westpac home loan growth surges ahead