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The latest home loans mortgage news and tips
Eden Radford
External Comms Lead
ANZ increases rate on its basic variable loan
ANZ, Australia’s fourth largest home loan lender, has today increased the rate of its basic variable mortgage by 0.10 percentage points for both owner-occupiers and investors paying principal and interest, and investors paying interest-only.
Home Loans
08 Dec, 2023
4 min read
Mark Bristow
Personal Finance Editor
Some of the top-rated home loans in December 2023
The Reserve Bank of Australia (RBA) board delivered Australian mortgage holders an early Christmas present at its December 2023 meeting by keeping the nation's cash rate on hold at 4.35%. But with economists from some of Australia’s big banks forecasting another rate hike in February 2024, Australian homeowners may not be feeling the love by the time Valentine’s Day rolls around.
Home Loans
05 Dec, 2023
3 min read
Eden Radford
External Comms Lead
The average borrower has shelled out almost $25K extra since the start of the hikes
New research from RateCity.com.au shows the average borrower who hasn’t refinanced has paid more than $24,000 extra in interest as a result of the RBA rate rises over the last twenty months.
Home Loans
05 Dec, 2023
6 min read
Alex Ritchie
Personal Finance Editor
14 home loan cashback deals still available in December
In December, there are 14 lenders offering cashback deals ranging from $2,000 up to $10,000. Refinancers and first home buyers have a range of deals to compare, as well as other competitive incentives.
Home Loans
05 Dec, 2023
5 min read
Mark Bristow
Personal Finance Editor
What to expect from the RBA meeting in December 2023
As 2023 draws to a close, it’s time to ask if the Reserve Bank of Australia (RBA) has one more rate rise left in the tank for the year. Economists from some of Australia’s leading banks have their own thoughts, based on previous RBA updates, new inflation data, and their own economic modelling for 2024 and beyond.
Home Loans
01 Dec, 2023
6 min read
Eden Radford
External Comms Lead
Household deposits continue to climb but pace is slowing
Household deposits are continuing to rise, increasing by over $7 billion in the month of October and setting yet another record high at over $1.42 trillion.
Home Loans
30 Nov, 2023
4 min read
Eden Radford
External Comms Lead
Drop in inflation enough to shift the RBA back into neutral over summer
October’s drop in annual inflation from 5.6 per cent to 4.9 per cent, according to the ABS’ monthly consumer price index (CPI) indicator, is likely to be enough for the RBA to shift the cash rate back into neutral over summer.
Home Loans
29 Nov, 2023
3 min read
Vidhu Bajaj
Personal Finance Writer
Is this the right time to buy a house in Australia?
Check if you're financially ready to buy a house in Australia amidst increasing property prices and mortgage rates.
Home Loans
24 Nov, 2023
9 min read
Eden Radford
External Comms Lead
Westpac and NAB the next big banks to hike fixed + Westpac hikes new customer variable rates
Westpac and NAB – Australia’s second and third largest lenders – have both hiked the majority of their fixed rates for both owner-occupiers and investors, in some cases by up to 0.25 percentage points.
Home Loans
24 Nov, 2023
5 min read
Alex Ritchie
Personal Finance Editor
More lenders to help buyers with low deposits through Home Guarantee Scheme
More of Australia's biggest banks are now part of the Australian Government’s Home Guarantee Scheme. Westpac subsidiaries St.George, Bank of Melbourne and BankSA have joined into the scheme.
Home Loans
23 Nov, 2023
5 min read
Mark Bristow
Personal Finance Editor
Queensland doubles first home owner grant – what this means for you
The Queensland state government has announced that it would be doubling the state’s first home owner grant (FHOG) from $15,000 to $30,000, in what was described as a pre-Christmas bonus. So how does this affect Queenslanders hoping to put their first foot onto the property ladder in the new year?
Home Loans
20 Nov, 2023
5 min read
Eden Radford
External Comms Lead
ANZ Plus launches app-only home loan
ANZ Plus, the app-based platform from Australia’s fourth largest bank, ANZ, is now offering digital home loans to select customers.
Home Loans
15 Nov, 2023
4 min read
Trending articles
Laine Gordon
Money Editor
22 Nov, 2024
ANZ cuts variable rates, doubles down as lowest among big four
Mark Bristow
Personal Finance Editor
21 Nov, 2024
How high will rates go? Here's what experts think about the RBA cash rate
Mark Bristow
Personal Finance Editor
21 Nov, 2024
When will interest rates go down?
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