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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Money Editor

Borrowing power shrinks by almost $250K after 12 RBA hikes

Rapidly rising interest rates could see the average family’s maximum borrowing capacity shrink by $247,700, compared to April last year, once the latest RBA hike takes effect.

Home Loans

09 Jun, 2023

3 min read

Borrowing power shrinks by almost $250K after 12 RBA hikes
Laine Gordon

Money Editor

Risky lending plummets but offset balances continue to climb, despite rate hikes

The value of new home loans with risky levels of debt has plummeted, according to new data released by APRA yesterday.

Home Loans

07 Jun, 2023

3 min read

Risky lending plummets but offset balances continue to climb, despite rate hikes
Peter Terlato

Personal Finance Editor

Households struggle as Australia's economy hits the brakes

This is the sixth straight rise in quarterly GDP but the slowest growth since the COVID-19 Delta lockdowns in September quarter 2021.

Home Loans

07 Jun, 2023

3 min read

Households struggle as Australia's economy hits the brakes
Laine Gordon

Money Editor

Westpac hikes mortgage rates by 0.25%, stays quiet on savings accounts

Westpac has announced it will pass on the latest 0.25 percentage point RBA hike to its variable mortgage customers.

Home Loans

06 Jun, 2023

2 min read

Westpac hikes mortgage rates by 0.25%, stays quiet on savings accounts
Laine Gordon

Money Editor

RBA hits keep coming – cash rate now enters the ‘4s’

The cash rate will climb into the ‘4s’ with the RBA announcing the nation’s twelfth cash rate hike since May 2022.

Home Loans

06 Jun, 2023

5 min read

RBA hits keep coming – cash rate now enters the ‘4s’
Alex Ritchie

Personal Finance Editor

When will interest rates stop rising?

Today the RBA hiked the cash rate for the fourth consecutive month to a new high of 1.85%. Homeowners and first home buyers across the country must be asking when will rate hikes stop?

Home Loans

06 Jun, 2023

5 min read

When will interest rates stop rising?
Alex Ritchie

Personal Finance Editor

Going, going, gone: 26 lenders still offering cashback home loan deals in June 2023

This month, there are 26 lenders still providing cashback home loans, however, some major institutions have revealed these deals will not continue to be offered in the new financial year, including ING, Westpac and NAB. 

Home Loans

05 Jun, 2023

5 min read

Going, going, gone: 26 lenders still offering cashback home loan deals in June 2023
Mark Bristow

Personal Finance Editor

Some of the best home loans in June 2023

With new figures indicating that inflation may be proving more stubborn than expected, more rate rises could arrive sooner or later this calendar year. Borrowers may need to look beyond the interest rates and compare the other fees, features and benefits of different home loans to find the mortgage that best suits their needs.

Home Loans

02 Jun, 2023

3 min read

Some of the best home loans in June 2023
Laine Gordon

Money Editor

Refinancing takes a $2 billion hit – but heat not out just yet

The value of refinanced loans took a tumble in April, recording a $2 billion drop compared to the previous month.

Home Loans

02 Jun, 2023

5 min read

Refinancing takes a $2 billion hit – but heat not out just yet
Laine Gordon

Money Editor

It’s not over yet – ANZ ups cash rate call to peak at 4.35%

ANZ’s economic team has today revised its forecasted cash rate peak to 4.35 per cent - the highest of the big four banks predictions – with one rate rise expected in June or July, and another in August.

Home Loans

02 Jun, 2023

3 min read

It’s not over yet – ANZ ups cash rate call to peak at 4.35%
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