Home Loan News

Interest-only mortgage rates rising for some, falling for others

As Australia’s interest-only crackdown passes its one year anniversary, it turns out that interest-only mortgage rates for investors have been quietly falling.

ACCC slams banks for synchronised swimming' on mortgage rates

In a pulling-no-punches speech at the Australian Financial Review (AFR) Banking and Wealth Summit, Australian Competition and Consumer Commission (ACCC) chairman Rod Sims called out the nation’s big banks for allegedly using home loan interest rate discounts to maintain market stability rather than to provide their customers with healthy competition.

ING reduces mortgage rates

Starting from today, ING has dropped the interest rates on several of its home loan offers for both owner occupiers and investors.

Roll your coffee money into your mortgage and save $71K

Find out how much you can save by rolling your coffee money into your mortgage.

Interest-only mortgages still available at historically low rates

Borrowers are still able to access interest-only mortgages for less than 4 per cent, despite the crackdown on interest-only mortgages launched one year ago.

Five-year mortgages available for under 4%

Home loan borrowers can fix their mortgage rates for five years at levels that have rarely been seen in Australian history.

RBA set to break record for the longest period ever without moving rates

ATO targeting property investors with holiday homes

If you were planning to enjoy the Easter long weekend at your holiday house, which you keep as an investment property for the rest of the year, the taxman may be keeping an eye on you.

Rise of the property millionaire

If you sold a house in Australia last year, there’s an almost one in six chance that the sale made you a millionaire, according to new research from CoreLogic.

Suncorp raises home loan rates

Suncorp is the latest Australian bank to increase its interest rates on home and small business loans, in response to increased funding costs as well as regulatory changes.

Australian property prices on the rise, approaching $7 trillion

Despite slowing conditions in Sydney, Australian residential property prices have risen across the country, bringing the total value to nearly $7 trillion.

Big four banks "move like sheep" on home loan interest rates

The Residential Mortgage Price Inquiry's interim report has set out in words what the industry has known for a long time, according to a mortgage commentator.