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Home Loan News

The latest home loans mortgage news and tips

Tony Ibrahim

Senior Journalist

Australians are building the largest homes in the world

Australians are building the largest units, townhouses and houses in the world, new research reveals, bucking a six-year trend of shrinking homes, and overtaking the United States.

Home Loans

10 Nov, 2020

5 min read

Australians are building the largest homes in the world

Alex Ritchie

Personal Finance Editor

Best new refinancing deals for November 2020

With the Reserve Bank of Australia cutting the cash rate to a new record low of 0.10 per cent, home loan borrowers have never had more ammunition when it comes to refinancing.

Home Loans

09 Nov, 2020

4 min read

Best new refinancing deals for November 2020

Tony Ibrahim

Senior Journalist

RBA Governor warns cash rate won’t drop any further

Mortgage interest rates are unlikely to drop any further after the head of the nation’s central bank warned the benchmark that influences them has bottomed out.

Home Loans

06 Nov, 2020

4 min read

RBA Governor warns cash rate won’t drop any further

Tony Ibrahim

Senior Journalist

Investor lending recovers after tumbling to 18-year low

Confidence appears to be returning to the investor market after the COVID-19 pandemic pushed loan borrowing to one of its lowest levels in recorded history.

Home Loans

06 Nov, 2020

4 min read

Investor lending recovers after tumbling to 18-year low

Tony Ibrahim

Senior Journalist

Commonwealth Bank: We won’t sell your home before late next year if you can’t repay your mortgage

Australia’s largest bank has publicly committed to keeping people in their homes until late next year if they can't make their repayments, but others have not followed its lead.

Home Loans

05 Nov, 2020

5 min read

Commonwealth Bank: We won’t sell your home before late next year if you can’t repay your mortgage

Laine Gordon

Money Editor

The state of play post-RBA

None of the big four banks have committed to passing on Tuesday’s RBA rate cut to their variable customers, leaving millions of mortgage holders out in the cold.

Home Loans

05 Nov, 2020

4 min read

Tony Ibrahim

Senior Journalist

First home buyers can now apply for the government’s deposit scheme

About 20 banks and financial institutions are now accepting applications to partially guarantee the deposit buyers would use to secure a mortgage on their first home.

Home Loans

05 Nov, 2020

5 min read

First home buyers can now apply for the government’s deposit scheme

Laine Gordon

Money Editor

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

Money Editor

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

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