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Home Loan News

The latest home loans mortgage news and tips

Tony Ibrahim

Senior Journalist

The typical home shed about $12,500 this year: ABS

The typical home dropped more than $12,000 in price since the beginning of the year, according to the nation’s statistical agency, possibly ushering in a property fall.

Home Loans

15 Sep, 2020

3 min read

The typical home shed about $12,500 this year: ABS

Alison Cheung

Finance Writer

Reduce Home Loans pulls down lowest variable mortgage rate to 1.89%

A non-bank lender is beating the lowest variable rate record with a 1.89 per cent rate.

Home Loans

14 Sep, 2020

6 min read

Reduce Home Loans pulls down lowest variable mortgage rate to 1.89%

Tony Ibrahim

Senior Journalist

Households had more money in the June quarter despite COVID-19: ABS

Despite the calamity of a once-in-a-century pandemic that led to almost a million jobs being lost, household income went up in the June quarter due to record social security payments, the nation’s statistical body revealed.

Home Loans

14 Sep, 2020

4 min read

Households had more money in the June quarter despite COVID-19: ABS

Tony Ibrahim

Senior Journalist

Banks look to jump-start economy while dealing with COVID-19

NAB and Westpac offered some insight into the economic casualties of the COVID-19 pandemic and a recovery path forward in their responses to a parliamentary committee today.

Home Loans

11 Sep, 2020

6 min read

Banks look to jump-start economy while dealing with COVID-19

Alison Cheung

Finance Writer

Sharp fixed rate deals spur home loan borrowers to lock in their interest rates

Home loan borrowers are scrambling to lock in their interest rates, as fixed rates continue to tumble.

Home Loans

11 Sep, 2020

5 min read

Sharp fixed rate deals spur home loan borrowers to lock in their interest rates

Alison Cheung

Finance Writer

NSW mortgage refinancers rush back to the big banks during COVID-19

Refinancers in NSW have flocked to the big four banks, as the uncertainty of COVID-19 weighs on mortgage holders’ financial decisions.

Home Loans

10 Sep, 2020

5 min read

NSW mortgage refinancers rush back to the big banks during COVID-19

Tony Ibrahim

Senior Journalist

Australians readying to open their wallets and spend: Westpac

Australians are ready to spend their way out of a recession with consumer confidence soaring by almost 20 per cent in a month, research from Westpac suggests.

Home Loans

10 Sep, 2020

4 min read

Australians readying to open their wallets and spend: Westpac

Tony Ibrahim

Senior Journalist

Home loans rebound, largest monthly rise on record: ABS

The home loan market is showing signs of a recovery following the COVID-19 volatility with a surge in new commitments, figures from the ABS reveal.

Home Loans

10 Sep, 2020

3 min read

Home loans rebound, largest monthly rise on record: ABS

Tony Ibrahim

Senior Journalist

Coming off a ‘mortgage holiday’? Ask your bank these questions

Banks are checking in on 450,000 mortgages to see if payments can be resumed. Here's some questions you may want to ask and some tips to consider.

Home Loans

09 Sep, 2020

5 min read

Coming off a ‘mortgage holiday’? Ask your bank these questions

Tony Ibrahim

Senior Journalist

Almost $40 billion in loans default or are overdue for the quarter: APRA

Almost $40 billion in loans is either overdue or can’t be paid back to banks in the most recent quarter, according to APRA, and that number would’ve been higher had it included deferred mortgages.

Home Loans

08 Sep, 2020

3 min read

Almost $40 billion in loans default or are overdue for the quarter: APRA

Alison Cheung

Finance Writer

Greater Bank becomes 10th mortgage lender to offer an interest rate below 2%

Greater Bank has become the 10th mortgage lender to put forward an interest rate below 2 per cent.

Home Loans

08 Sep, 2020

4 min read

Greater Bank becomes 10th mortgage lender to offer an interest rate below 2%

Tony Ibrahim

Senior Journalist

ANZ Bank asks for larger home deposits in areas expecting a drop: reports

ANZ Bank is asking some new customers to increase their home deposits to hedge the risks of a downturn before they approve a mortgage in some Australian suburbs, an executive has said.

Home Loans

08 Sep, 2020

3 min read