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Home Loan News

The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

How much could your mortgage payments cost if interest rates rise?

New figures from the Australian Bureau of Statistics (ABS) show a 3.5 per cent jump in inflation over the past year. If rising inflation forces the Reserve Bank of Australia’s (RBA’s) hand into increasing the national cash rate, what could this mean for the household budgets of Australia’s mortgage holders?

Home Loans

25 Jan, 2022

3 min read

How much could your mortgage payments cost if interest rates rise?
Liz Seatter

Senior Finance Writer

Westpac first big four bank to hike fixed rates in 2022

Westpac is the first big four bank to hike fixed rates in 2022 but certainly won’t be the last. We expect other banks to follow within days on the back of sharp increases to the cost of wholesale funding.

Home Loans

21 Jan, 2022

3 min read

Westpac first big four bank to hike fixed rates in 2022
Laine Gordon

Money Editor

Borrowers could pay $427 a month more in 2 years, if Westpac forecast realised

The average mortgage holder could end up paying $103 more in monthly repayments on their home loan by the end of this year, and $427 a month more by March 2024, should Westpac’s cash rate forecast be realised. 

Home Loans

20 Jan, 2022

4 min read

Borrowers could pay $427 a month more in 2 years, if Westpac forecast realised
Laine Gordon

Money Editor

ANZ cuts its basic variable rate in a bid for new customers

Australia’s fourth largest bank, ANZ, has today cut rates on its basic variable home loan by up to 0.20 per cent.

Home Loans

20 Jan, 2022

4 min read

ANZ cuts its basic variable rate in a bid for new customers
Alex Ritchie

Personal Finance Editor

Athena Home Loans slashes mortgage rates to 1.89%

In a time when home loan lenders are hiking interest rates left, right and centre, Athena Home Loans has bucked the trend by slashing its variable home loan rate to a low of 1.89%.

Home Loans

18 Jan, 2022

5 min read

Athena Home Loans slashes mortgage rates to 1.89%
Alex Ritchie

Personal Finance Editor

Number of suburbs with house values over $1m revealed

If property prices in your neighbourhood seem to be climbing higher and higher, you’re not alone. Over 300 Australian suburbs joined the growing list of areas with median house values of over $1 million, making the Great Australian Dream out of reach for many first home buyers.

Home Loans

18 Jan, 2022

5 min read

Number of suburbs with house values over $1m revealed
Mark Bristow

Personal Finance Editor

How could a property peak affect your home loan?

With Australia’s owner occupiers taking out bigger home loans, and signs pointing to national housing values potentially approaching a peak, what risk could home owners face if they were to come face to face with a downturn in the future?

Home Loans

14 Jan, 2022

4 min read

How could a property peak affect your home loan?
Liz Seatter

Senior Finance Writer

New home loan values reach record highs across Australia

The national average mortgage size for owner-occupiers has reached a record high of $595,568 according to new ABS data. Records were broken in every state and territory except WA.

Home Loans

14 Jan, 2022

3 min read

New home loan values reach record highs across Australia
Laine Gordon

Money Editor

Australia’s lowest fixed rate of 1.59% is now gone: what’s in store for 2022?

The lowest fixed home loan rate on record has hiked today, ending an era for ultra-low rates.

Home Loans

11 Jan, 2022

3 min read

Australia’s lowest fixed rate of 1.59% is now gone: what’s in store for 2022?
Alex Ritchie

Personal Finance Editor

Homeowners almost 4-years ahead on mortgage repayments

Homeowners across Australia are almost four years ahead on their home loan repayments on average, thanks to low interest rates and forced-savings habits from COVID-19.

Home Loans

11 Jan, 2022

4 min read

Homeowners almost 4-years ahead on mortgage repayments
Mark Bristow

Personal Finance Editor

How to switch and save in 2022

It’s important to use the best financial products and services for your personal situation. But since our personal situations have likely changed significantly over the past two years, how can you be confident that your previous choices are still up to date?

Home Loans

06 Jan, 2022

8 min read

How to switch and save in 2022
Laine Gordon

Money Editor

NAB hikes again as fixed rates with a ‘3’ start to become the norm

Australia’s third largest bank, NAB, has lifted fixed rates by up to 0.10 per cent today for owner-occupiers and investors.

Home Loans

22 Dec, 2021

4 min read

NAB hikes again as fixed rates with a ‘3’ start to become the norm