RateCity.com.au
  1. Home
  2. Home Loans
  3. News
  4. Home Loan News

Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Money Editor

Australians brace for another 0.25% RBA hike on Tuesday – how high will the cash rate go?

The Reserve Bank is widely tipped to hike the cash rate again next week by 0.25 percentage points, taking it to 3.35 per cent – the highest rate in almost 10.5 years.

Home Loans

03 Feb, 2023

4 min read

Australians brace for another 0.25% RBA hike on Tuesday – how high will the cash rate go?
Laine Gordon

Money Editor

Show me the money: Westpac ups its cashback to tempt refinancers

Australia’s second largest lender, Westpac, has increased its cashback offer for refinancers, upping the incentive from $2,000 to $3,500 in a bid to attract new business.

Home Loans

02 Feb, 2023

5 min read

Show me the money: Westpac ups its cashback to tempt refinancers
Peter Terlato

Personal Finance Editor

Could you be locked into your mortgage?

If APRA's lending rules were to revert to pre-2019 conditions, existing borrowers may find themselves locked into their current mortgages as it would likely be difficult to refinance with a different lender.

Home Loans

02 Feb, 2023

5 min read

Could you be locked into your mortgage?
Mark Bristow

Personal Finance Editor

What to expect from the February 2023 RBA meeting

After the customary January break, the board of the Reserve Bank of Australia (RBA) is meeting in February to discuss monetary policy and the national cash rate. A 25-point rate hike is widely anticipated to be the result of the meeting, though economists from Australia’s big four banks have differing opinions on what may happen next.

Home Loans

02 Feb, 2023

5 min read

What to expect from the February 2023 RBA meeting
Paul Marshall

CEO

Are the Reserve Bank's interest rate rises overlooking the bigger problem?

Australian interest rates rose sharply last year as the Reserve Bank of Australia (RBA) battled to stabilise the high inflation that’s threatening the nation.

Home Loans

30 Jan, 2023

6 min read

Are the Reserve Bank's interest rate rises overlooking the bigger problem?
Laine Gordon

Money Editor

Ninth RBA hike a near certainty on back of soaring inflation figures

Borrowers will almost certainly face another RBA cash rate hike next month with today’s annual inflation rate clocking in at 7.8 per cent for the December quarter.

Home Loans

25 Jan, 2023

3 min read

Ninth RBA hike a near certainty on back of soaring inflation figures
Peter Terlato

Personal Finance Editor

Inflation ticks higher: Will this spur more interest rate hikes?

Annual headline inflation jumped to 7.8 per cent in December on the back of expensive domestic and international holiday costs and rising energy prices. The question remains: Will the RBA continue to hike the cash rate to quell inflation or could we see a pause?

Home Loans

25 Jan, 2023

4 min read

Inflation ticks higher: Will this spur more interest rate hikes?
Peter Terlato

Personal Finance Editor

Will Australia go into recession in 2023?

Forecasts remain conflicted. Australia last experienced a recession in 2020, an aftershock from the global COVID-19 pandemic. Before that we'd been sailing pretty since '90/91. The 2023 outlook for the world economy is contractionary but Australia may be well-positioned to face the headwinds of a potential recession.

Home Loans

24 Jan, 2023

8 min read

Recession Australia: Will Australia go into recession in 2023?
Laine Gordon

Money Editor

Refinancing smashes the record books as borrowers take the fight to rising rates

The value of refinanced home loans has hit a new record high, as borrowers take action to combat rising interest rates. This figure smashes the previous record set in August 2022 by almost $1 billion. 

Home Loans

16 Jan, 2023

4 min read

Refinancing smashes the record books as borrowers take the fight to rising rates
Mark Bristow

Personal Finance Editor

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

Rising inflation figures indicate that the Reserve Bank of Australia (RBA) is more likely to raise the national cash rate again later this year. With these hikes likely to be quickly passed on as higher mortgage rates, Australians hoping to invest in property or refinance their home loan may want to compare their options to make sure they’re getting value for money.

Home Loans

16 Jan, 2023

3 min read

Some of the best home loans for investors and refinancers in January 2023
Alex Ritchie

Personal Finance Editor

Shrinking borrowing power: Homebuyers borrowing $126,000 less since 2020

If you applied for a home loan for a median-priced capital city house in October 2020, your borrowing power may have been $126,400 higher than a home buyer today, according to new research from RateCity.

Home Loans

16 Jan, 2023

4 min read

Shrinking borrowing power: Homebuyers borrowing $126,000 less since 2020
Peter Terlato

Personal Finance Editor

NSW first home buyers can now choose upfront stamp duty or annual land tax: here's how it works

Eliminating the obligation of stamp duty reduces up-front costs for first home buyers and, depending on your home’s value over time and the implications of future legislative changes, may save you thousands of dollars, particularly if you have intentions of selling your home within a particular time frame.

Home Loans

16 Jan, 2023

5 min read

NSW first home buyers can now choose upfront stamp duty or annual land tax: here's how it works