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Home Loan News

The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

Who is still offering low-rate home loans after the May 2023 rate hike?

After a brief pause in April, the Reserve Bank of Australia (RBA) has returned to raising rates, hiking the cash rate by 25 points to 3.85%. With additional rate hikes potentially required to bring Australia’s inflation back under control, many Australian homeowners may be keen to find what low-rate mortgage deals are available.

Home Loans

09 May, 2023

3 min read

Who is still offering low-rate home loans after the May 2023 rate hike?
Laine Gordon

Money Editor

Too hot to handle: CBA dumps its cashback as home loan competition caps out

Australia’s largest bank, CBA, has today announced it’s discontinuing its $2,000 cashback offer from 1 June, in a further sign competition in the mortgage market is becoming too hot to handle.

Home Loans

09 May, 2023

5 min read

Too hot to handle: CBA dumps its cashback as home loan competition caps out
Alex Ritchie

Personal Finance Editor

Who has announced rate hikes for home loan customers in May?

So, which banks and lenders have already announced rate hikes are coming for mortgage customers? At the time of publishing, 28 home loan lenders have revealed they will be increasing variable home loan rates – including the big four banks. 

Home Loans

08 May, 2023

4 min read

Who has announced rate hikes for home loan customers in May?
Laine Gordon

Money Editor

CBA announces RBA hikes – how the big four now stack up

CBA is the last of the big four banks to announce it will be passing on the 0.25 percentage point RBA hike to its variable mortgage customers, effective 12 May.

Home Loans

05 May, 2023

4 min read

CBA announces RBA hikes – how the big four now stack up
Laine Gordon

Money Editor

NAB the first bank off the blocks to announce RBA hikes

NAB is the first big bank to announce it will pass on Tuesday’s 0.25 percentage point RBA hike to both mortgage and savings customers.

Home Loans

04 May, 2023

3 min read

NAB the first bank off the blocks to announce RBA hikes
Peter Terlato

Personal Finance Editor

Why is the Australian dollar low? Here's how interest rates affect the value of our currency

There are a number of long-term and short-term drivers that affect demand and supply in the foreign exchange market. Over the past few months, the AUD has dropped dramatically. So, what has caused this sudden fluctuation in market value?

Home Loans

03 May, 2023

10 min read

Why is the Australian dollar low? Here's how interest rates affect the value of our currency
Mark Bristow

Personal Finance Editor

Some of the best home loans in May 2023

The Reserve Bank of Australia (RBA) raised the national cash rate to 3.85% at its May 2023 meeting. With home loan interest rates likely to be pushed upwards by this change, it’s essential to compare mortgage deals before signing on any dotted lines.

Home Loans

02 May, 2023

3 min read

Some of the best home loans in May 2023
Alex Ritchie

Personal Finance Editor

Considering refinancing? 28 lenders offering cashback deals up to $10,000 this May

This month, there are 28 lenders offering cashback deals for both refinancers and new buyers. These deals range from $2,000 to $10,000, depending on the size of your home loan.

Home Loans

02 May, 2023

4 min read

Considering refinancing? 28 lenders offering cashback deals up to $10,000 this May
Mark Bristow

Personal Finance Editor

Home Guarantee Scheme to expand eligibility criteria – what you need to know

More Australian first home buyers may soon become eligible for the Home Guarantee Scheme, thanks to new changes to its eligibility criteria announced by the Federal Government. But if you or someone you know are looking to take a advantage of the scheme, it’s essential to familiarise yourself with the requirements involved. 

Home Loans

01 May, 2023

3 min read

Home Guarantee Scheme to expand eligibility criteria – what you need to know
Alex Ritchie

Personal Finance Editor

When will house prices go back up?

Dwelling values around Australia fell throughout 2022, with rising interest rates partially to blame. Research indicates that house prices could start to rise again some time in 2023, though only under specific circumstances.

Home Loans

28 Apr, 2023

5 min read

When will house prices go back up?
Peter Terlato

Personal Finance Editor

What to expect from the RBA meeting in May 2023

ANZ, NAB and Westpac are all predicting no movement, while CBA anticipates a hike of 25 basis points - although the bank’s economic team stressed it’s a line-ball call.

Home Loans

28 Apr, 2023

6 min read

What to expect from the RBA meeting in May 2023
Alex Ritchie

Personal Finance Editor

Three of the four big banks now expect a second cash rate pause on Tuesday

Westpac becomes the third big bank to predict the cash rate will remain on hold at Tuesday’s RBA meeting. Two of the four big banks now suspect that the cash rate has already reached its peak at 3.60%.

Home Loans

28 Apr, 2023

3 min read

Three of the four big banks now expect a second cash rate pause on Tuesday