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The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

What to expect from the RBA meeting in June 2023

While there is a possibility that the Reserve Bank of Australia (RBA) could deliver another interest rate increase at its June 2023 meeting due to stubborn inflation, some major banks are predicting that the next rate hike won’t materialise until later in the year, if at all.

Home Loans

02 Jun, 2023

6 min read

What to expect from the RBA meeting in June 2023

Laine Gordon

Money Editor

More rate rises on the cards as inflation proves hard to tame

The Reserve Bank could deliver a further 0.25 percentage point hike in the next few months, potentially as early as next Tuesday, after today’s CPI figures confirmed inflation has remained stubbornly high in some categories.

Home Loans

31 May, 2023

3 min read

More rate rises on the cards as inflation proves hard to tame

Peter Terlato

Personal Finance Editor

Will the latest inflation figures push up interest rates in June?

Given that the latest CPI figures illustrate a return to rising prices, these results could influence the RBA to continue raising the cash rate in an effort to ease Australia’s inflationary pressures.

Home Loans

31 May, 2023

4 min read

Will the latest inflation figures push up interest rates in June?

Laine Gordon

Money Editor

Dropping like flies: ING follows big bank rivals in axing cashback

ING has today announced it will be ending its $3,000 cashback for refinancers on 30 June.

Home Loans

29 May, 2023

4 min read

Dropping like flies: ING follows big bank rivals in axing cashback

Laine Gordon

Money Editor

Westpac axes cashback, hikes new customer rates

Westpac has today announced it will be ending its $3,500 cashback for refinancers on 30 June as it pulls out of the chase for new customers.

Home Loans

26 May, 2023

5 min read

Westpac axes cashback, hikes new customer rates

Peter Terlato

Personal Finance Editor

Economic trends and predictions: What can Australia expect for the remainder of 2023?

While our domestic economy is expected to outperform other advanced economies, significant challenges persist including borrowers struggling to meet loan repayments, rising interest rates, and a potential consumer recession.

Home Loans

23 May, 2023

7 min read

Economic trends and predictions: What can Australia expect for the remainder of 2023?

Laine Gordon

Money Editor

NAB hikes new customer variable rates for the 3rd time in 3 months

NAB has today increased the rate on its advertised basic variable home loan by 0.10 percentage points, but only for new customers with big deposits.

Home Loans

23 May, 2023

3 min read

NAB hikes new customer variable rates for the 3rd time in 3 months

Laine Gordon

Money Editor

Jail break: Westpac slashes stress test for select borrowers in mortgage prison

The Westpac Group has today announced it will be lowering the stress test on select refinance applications in a bid to help borrowers out of mortgage prison.

Home Loans

19 May, 2023

6 min read

Jail break: Westpac slashes stress test for select borrowers in mortgage prison

Mark Bristow

Personal Finance Editor

Some of the best home loans for investors and refinancers in May 2023

A significant number of Australian homeowners are facing the fixed rate cliff, where the record-low fixed rates from the pandemic are set to revert to significantly higher variable rates in 2023. Following the May 2023 meeting of the Reserve Bank of Australia (RBA) where the cash rate was hiked to 3.85%, many borrowers may be searching for alternative home loans with increasing urgency.

Home Loans

16 May, 2023

3 min read

Some of the best home loans for investors and refinancers in May 2023

Laine Gordon

Money Editor

Reality bites: some borrowers left with as little as $57 a day

People who bought in the last couple of years and borrowed at capacity are set to plunge further into mortgage stress when the eleventh RBA hike hits their bank accounts.

Home Loans

15 May, 2023

6 min read

Reality bites: some borrowers left with as little as $57 a day

Laine Gordon

Money Editor

CBA hikes select new customer rates beyond RBA + NAB drops cashback after 30 June

Existing borrowers with a CBA, NAB or ANZ variable home loan will see their interest rates rise by 0.25 percentage points today, as the RBA’s May hike takes effect.

Home Loans

12 May, 2023

5 min read

CBA hikes select new customer rates beyond RBA + NAB drops cashback after 30 June

Mark Bristow

Personal Finance Editor

The pros and cons of going with a broker

Brokers can be a fantastic resource. Brokers can provide tailored advice on your home loan options, based on your personal circumstances and your priorities which can vary from customer to customer.

Home Loans

11 May, 2023

3 min read