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Home Loan News

The latest home loans mortgage news and tips

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

Alex Ritchie

Personal Finance Editor

New year, new home loan: 34 lenders offering cashback deals in January

This month, there are 34 lenders offering cashback deals for both refinancers and new buyers. These deals range from $1,500 to $10,000, depending on the size of your home loan.

Home Loans

12 Jan, 2023

3 min read

New year, new home loan: 34 lenders offering cashback deals in January

Peter Terlato

Personal Finance Editor

Soaring house prices and rents propel inflation higher

The price of new dwelling purchases, owing to increased labour and material expenses, rose sharply in the year to November. Fewer government construction grants and rising rents also contributed to the hike in housing costs.

Home Loans

11 Jan, 2023

3 min read

Soaring house prices and rents propel inflation higher

Mark Bristow

Personal Finance Editor

Some of the best home loans in January 2023

What can you expect from home loans in 2023? While the Reserve Bank of Australia (RBA) doesn’t meet in January, at least one more rate hike is being forecast for later this year by Australia’s biggest banks. Whether you’re buying your first home or managing the repayments on your current mortgage, it’s important to get a good idea of which home loans may offer the most value for money in 2023.

Home Loans

11 Jan, 2023

3 min read

Some of the best home loans in January 2023

Mark Bristow

Personal Finance Editor

Some of the best home loans for investors and refinancers in December 2022

As 2022 comes to a close, what can Australia look forward to in 2023? More rate rises may be on the cards, making it important for investors and refinancers to carefully compare mortgage offers before making any decisions.

Home Loans

14 Dec, 2022

3 min read

Some of the best home loans for investors and refinancers in December 2022

Alex Ritchie

Personal Finance Editor

When will your bank hike your mortgage rate? December’s rate changes and costs revealed

Haven’t heard from your bank yet if they’re hiking mortgage rates? Discover the full list of who has announced rate rises for home loan customers, and how much more you will be paying after December's hike.

Home Loans

14 Dec, 2022

5 min read

When will your bank hike your mortgage rate? December’s rate changes and costs revealed

Mark Bristow

Personal Finance Editor

Who is still offering low-rate home loans after the December 2022 rate hike?

As Australia’s banks and mortgage lenders gradually pass the latest cash rate hike from the Reserve Bank of Australia (RBA) on to their customers, a few lenders are still offering relatively low home loan rates or have even cut rates for new customers.

Home Loans

14 Dec, 2022

3 min read

Who is still offering low-rate home loans after the December 2022 rate hike?

Alex Ritchie

Personal Finance Editor

Suburbs where house prices have fallen: is now a good time to buy?

Several coveted suburbs have seen a drop in property values in the last 12 months – some by up to 20% - according to new data from CoreLogic. Homebuyers may be wondering if this is the right time to consider buying.

Home Loans

13 Dec, 2022

5 min read

Suburbs where house prices have fallen: is now a good time to buy?

Alex Ritchie

Personal Finance Editor

Christmas cashback: 33 lenders offering cashback home loan deals in December

This month, there are 33 lenders offering cashback deals for both refinancers and new buyers. These deals range from $1,500 to $10,000, depending on the size of your home loan.

Home Loans

09 Dec, 2022

3 min read

Christmas cashback: 33 lenders offering cashback home loan deals in December

Laine Gordon

Money Editor

Westpac cuts new customer variable rates, as loyal borrowers face 8th rate hike

Westpac has today cut the rate on its basic home loan for new customers, as existing variable borrowers face their eighth rate hike this year.

Home Loans

07 Dec, 2022

4 min read

Westpac cuts new customer variable rates, as loyal borrowers face 8th rate hike

Mark Bristow

Personal Finance Editor

Household spending eases – could rates be next?

Newly released figures from the Australian Bureau of Statistics (ABS) show that household spending rose at a slower pace in October 2022. Combined with news that inflation may begin to ease, is this a sign that interest rates could soon pause their journey skywards?

Home Loans

07 Dec, 2022

2 min read