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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 August 2024

Economists from the big four banks are in consensus that the Reserve Bank of Australia (RBA) Board will keep the cash rate on hold at its August 2024 meeting, with the most recent quarterly inflation data falling in line with the RBA’s forecasts. And while the big four banks are also forecasting that the Board’s next cash rate move will be a cut, the risk remains that the rate could rise if economic events don’t proceed as planned.

Home Loans

05 Aug, 2024

6 min read

What to expect from the RBA meeting in August 2024

Mark Bristow

Personal Finance Editor

Money in the bank drops for the first time in a year

Money in the bank from households has fallen for the first time in a year, recording a sizable $11.5 billion drop in just one month.

Home Loans

01 Aug, 2024

5 min read

Money in the bank drops for the first time in a year

Mark Bristow

Personal Finance Editor

Rates to remain on hold as CPI provides the RBA with a temporary leave pass

The stage is set for the RBA to leave the cash rate on hold next week, despite a rise to Australia’s annual inflation rate from 3.6 per cent to 3.8 per cent.

Home Loans

31 Jul, 2024

5 min read

Rates to remain on hold as CPI provides the RBA with a temporary leave pass

Mark Bristow

Personal Finance Editor

NAB cuts fixed rates for the first time in 2024

Australia’s third largest home loan lender, National Australia Bank, has today slashed its 3-year fixed rate by 0.60 percentage points – the first fixed rate change from a big four bank this year.

Home Loans

22 Jul, 2024

6 min read

NAB cuts fixed rates for the first time in 2024

Mark Bristow

Personal Finance Editor

Average new loan size hits record high despite rate hikes

The size of the average new owner-occupier mortgage in Australia has hit a record high, as borrowers sign up to bigger debts than ever before.

Home Loans

08 Jul, 2024

5 min read

Average new loan size hits record high despite rate hikes

Mark Bristow

Personal Finance Editor

Cashback home loan deals in July 2024

Australians looking for a cashback deal may be running out of options, with the number of lenders offering these deals dropping to single digits. Compare the available options that suits you best.

Home Loans

05 Jul, 2024

4 min read

Mark Bristow

Personal Finance Editor

Some of the top-rated home loans in July 2024

The Reserve Bank of Australia (RBA) kept the national cash rate on hold at its June 2024 meeting, meaning most home loan interest rates are likely to also stay on hold for the time being. But with recent inflation data coming in higher than expected, there are risks that Australian homeowners may not receive rate relief until next year, and may even need to brace for a potential rate hike.

Home Loans

01 Jul, 2024

3 min read

Some of the top-rated home loans in July 2024

Mark Bristow

Personal Finance Editor

Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?

Australians tucked an additional $6.53 billion away in the bank in May as deposits from households continued to hit record highs.

Home Loans

28 Jun, 2024

5 min read

Money in the bank hits $1.48 trillion + where will ANZ sit in the pack following the ANZ-Suncorp merger?

Mark Bristow

Personal Finance Editor

NAB says the next cash rate move will be down, not up, but not until 2025

The National Australia Bank has updated its cash rate forecast, pushing the first projected cash rate cut out by six months to May 2025.

Home Loans

27 Jun, 2024

4 min read

NAB says the next cash rate move will be down, not up, but not until 2025

Eden Radford

External Comms Lead

Monthly inflation spike puts rate hikes back on the menu

The prospect of a 14th rate hike is back on the table as the latest ABS monthly CPI indicator shot up to 4 per cent in the month of May.

Home Loans

26 Jun, 2024

6 min read

Monthly inflation spike puts rate hikes back on the menu

Eden Radford

External Comms Lead

Borrowers to bunker down with rates to stay on hold... until 2025

Borrowers should plan to bunker down for the remainder of the year under the pressure of the current cash rate of 4.35 per cent, as inflation gives the RBA little room for a rate cut this year.

Home Loans

17 Jun, 2024

6 min read

Borrowers to bunker down with rates to stay on hold... until 2025

Mark Bristow

Personal Finance Editor

What to expect from the RBA meeting in June 2024

The Reserve Bank of Australia (RBA) board is unlikely to change the cash rate at its June 2024 meeting, according to economists from some of Australia’s biggest banks. However, pressure from a variety of economic factors may force the RBA to push back previously forecast cash rate cuts until 2025.

Home Loans

14 Jun, 2024

6 min read