Home Loan News

Lenders offering 3-year mortgages from as low as 3.69%

Australia’s big four banks and a host of challenger lenders are offering three-year fixed-rate home loans for under 4 per cent.

Bank of Queensland kicks off rate hikes for 2019

Bank of Queensland is the first bank to officially hike home loan rates out of cycle in 2019. Today’s announcement affects a range of BOQ variable rate loans including their Economy Variable Home Loan which is increasing by 0.11 per cent for new and existing customers.

Virgin Money becomes the next lender to hike home loan rates in 2019

Confidence in property industry at low point

A survey has found that at the end of 2018 confidence in Australia’s property industry fell to its lowest level in five years.

Bush Capital passes Harbour City for house rents

Canberra has overtaken Sydney as the most expensive place to rent a house, for the first time in 11 years, according to new Domain data.

Weakest housing market in a decade

Property investors likely didn’t have a great time in 2018, with CoreLogic recording some of the weakest housing market conditions since 2008.

Australian vacancy rate up alongside house rental prices

Across Australia, the number of rental vacancies is on the increase, which is good news for those looking for a home. The prices, however, might be up, too.

APRA calls time out on the interest only cap in a bid to breathe life back into home lending

APRA’s announcement today that it will remove its temporary benchmark on interest-only lending from 1 January 2019 is a bid to steady the home loan market, says comparison site RateCity.com.au.

Greater Bank slashes fixed rates

Greater Bank has cut its fixed mortgage rates for owner-occupiers and investors by up to 20 basis points.

Australia's housing price fall is the biggest in seven years

Seven is a lucky number for some, but not for Australia’s housing market, where the fall in home prices has been the largest in seven years.

Low-deposit loans hit record low

Data released by APRA today has confirmed banks are demanding bigger deposits from new buyers as part of their serviceability crack-down.

Mortgage confusion costing average borrower $850 per year

Australia’s biggest banks are deliberately confusing home loan customers and costing them hundreds of dollars per year, according to the competition regulator.