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Home Loan News

The latest home loans mortgage news and tips

Laine Gordon

Head of Public Relations

Westpac mirrors CBA with no cut for variable rate customers

Australia’s second biggest bank has followed CBA, announcing it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.

Home Loans

04 Nov, 2020

4 min read

Westpac mirrors CBA with no cut for variable rate customers
Laine Gordon

Head of Public Relations

CBA turns its back on variable rate customers as they opt to slice fixed rates instead

Australia’s biggest bank has today announced it will not be passing on the rate cut to its existing variable rate customers, opting to cut fixed rates instead.

Home Loans

04 Nov, 2020

3 min read

CBA turns its back on variable rate customers as they opt to slice fixed rates instead
Tony Ibrahim

Senior Journalist

Home loan commitments surge, driven by first home buyers and owner builders

Home loan commitments were up by more than 25 per cent for the year, according to new data, largely driven by first time property buyers and owner-builders.

Home Loans

03 Nov, 2020

4 min read

Home loan commitments surge, driven by first home buyers and owner builders
Alison Cheung

Finance Writer

Is my bank or lender required to pass on rate cuts?

After weeks of speculation about a potential rate cut, the Reserve Bank of Australia (RBA) has officially lowered the cash rate to 0.10 per cent.

Home Loans

03 Nov, 2020

4 min read

Is my bank or lender required to pass on rate cuts?
Laine Gordon

Head of Public Relations

RBA cuts rates to 0.10%, extends QE

The RBA has made the historic decision to cut the cash rate by 0.15 per cent today, slashing official rates to 0.10 per cent.

Home Loans

03 Nov, 2020

3 min read

RBA cuts rates to 0.10%, extends QE
Tony Ibrahim

Senior Journalist

RBA cuts cash rate to 0.10%, extraordinary new low not seen in 30 years

The nation’s central bank has made it possible for lenders to lower interest charges on mortgages by cutting the cash rate to an extraordinary new low, but it’s unclear if banks will pass the savings on.

Home Loans

03 Nov, 2020

5 min read

RBA cuts cash rate to 0.10%, extraordinary new low not seen in 30 years
Tony Ibrahim

Senior Journalist

Housing prices recover after months of losses, but economists warn it’s “artificial”

The property market has returned to growth after a five month streak of falling prices, but economists warn the recovery could be “artificial”.

Home Loans

03 Nov, 2020

4 min read

Housing prices recover after months of losses, but economists warn it’s “artificial”
Laine Gordon

Head of Public Relations

Homestar ups the ante with new lowest rate in the country, ahead of RBA

Homestar Finance has announced a new ongoing variable rate of just 1.79 per cent on the eve of a potential RBA cut.

Home Loans

03 Nov, 2020

4 min read

Homestar ups the ante with new lowest rate in the country, ahead of RBA
Mark Bristow

Personal Finance Editor

Some of the best investor mortgages at the end of October 2020

Despite disruptions to Australia’s economy in recent months, and the potential for further uncertainty in the immediate future, some property investors may instead be thinking about the longer term. With property often showing its value as an asset over a longer period than other investments, it’s important to consider whether your investment mortgage not only suits your needs now, but is likely to continue to do so in the future.

Home Loans

30 Oct, 2020

2 min read

Some of the best investor mortgages at the end of October 2020
Tony Ibrahim

Senior Journalist

If the RBA cuts interest rates next week, will the banks pass it on?

The guardpost used by banks to set interest rates for mortgages could drop to a never before seen low, putting pressure on the big four banks to pass the savings onto homeowners.

Home Loans

29 Oct, 2020

4 min read

If the RBA cuts interest rates next week, will the banks pass it on?
Liz Seatter

Senior Finance Writer

Banks keep cutting new customer rates - but will they pass on an RBA one?

A total of 30 lenders have cut new customer rates this month ahead of Tuesday’s RBA meeting but only for new customers or those willing to fix.

Home Loans

29 Oct, 2020

3 min read

Banks keep cutting new customer rates - but will they pass on an RBA one?
Tony Ibrahim

Senior Journalist

Australian property prices grow in value for the first time since the pandemic

Houses and units both went up in value over the last quarter, according to a new report, posting gains for the first time since the pandemic put prices in freefall.

Home Loans

29 Oct, 2020

5 min read

Australian property prices grow in value for the first time since the pandemic