Home Loan News

UBank cuts mortgage rates by 10 basis points

Ubank has unveiled a special home loan offer that involves both an interest rate cut and cashback.

Bendigo Bank joins the out-of-cycle rates party

Australia’s seventh largest lender Bendigo Bank has become the latest home loan provider to hike rates out of cycle by up to 16 basis points.

Australian property prices predicted to fall well into 2019

Australian sentiment towards property is at a two-year low, and it’s expected to worsen as property prices in most major cities are predicted to keep falling well into 2019 according to NAB economists.

APRA boss hails "clear improvement" in lending standards

Major mortgage regulatory reform appears to be over, after the banking regulator revealed “the heavy lifting on lending standards has largely been done”.

Australians reach out to non-bank lenders to fill the gap

Australians are turning to non-bank lenders in increasing numbers as banks tighten their lending criteria, according to the ABS housing finance figures released today.

Housing values fell last financial year - what happened?

Australia’s housing markets have slowed over the past financial year, according to CoreLogic, with most capital cities experiencing downturns and most regional areas experiencing relatively sluggish growth.

Home loan specials, the real cost of rewards

Rents rising, more slowly than last year

Property investors are seeing rents rise across Australia, though at a slower pace than at the same time last year, according to the latest quarterly rental review from CoreLogic.

Cash rate holds, hundreds of thousands of borrowers face hikes

The RBA has left the cash rate on hold at 1.50 per cent today yet as many as 362,800 home loan customers will face higher repayments this month as lenders continue to hike home loan rates out of cycle.

Big cities slump, but Hobart keeps booming

Property markets in five of Australia’s eight capital cities have significantly changed over the past 12 months, according to new data from CoreLogic.

Bank extends fee waiver for low-rate mortgage

Bank Australia will continue to waive the $595 establishment fee on its variable Basic Home Loan for another three months.

Millennials putting first home loans ahead of travel

Forget the stereotypes – new data from Westpac shows that Australia’s millennials are forsaking travel in favour of saving for their first home.