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The latest home loans mortgage news and tips

Mark Bristow

Personal Finance Editor

Is this the end of rate cuts? What the RBA is doing instead

With the RBA planning to keep the cash rate on hold at this record low for the foreseeable future, it has turned to other measures to keep the Australian economy’s wheels turning while the nation grapples with the coronavirus pandemic.

Home Loans

07 Apr, 2020

6 min read

Is this the end of rate cuts? What the RBA is doing instead

Mark Bristow

Personal Finance Editor

Will taking a loan repayment pause during COVID-19 affect my credit score?

The Australian Banking Association (ABA) has today announced that customers’ credit scores won’t be affected if they need to defer their loan repayments for up to six months due to COVID-19, provided they were up to date with their repayments beforehand.

Home Loans

06 Apr, 2020

4 min read

Will taking a loan repayment pause during COVID-19 affect my credit score?

Laine Gordon

Money Editor

The real cost of a repayment pause, and how to minimise the fallout

CBA’s announcement today that customers who take a six-month repayment pause will be refunded interest-on-interest charges during this time will help families struggling to make ends meet.

Home Loans

02 Apr, 2020

5 min read

The real cost of a repayment pause, and how to minimise the fallout

Mark Bristow

Personal Finance Editor

What is the impact of taking a mortgage holiday?

Could taking a holiday from your home loan do more harm than good? What are the long-term financial consequences of putting a temporary freeze on your mortgage payments?

Home Loans

26 Mar, 2020

4 min read

What is the impact of taking a mortgage holiday?

Laine Gordon

Money Editor

Fixed rates plunge to new record low of 2.09 per cent

Banks have launched a fixed home loan war, with ING set to offer the country’s lowest home loan rate at just 2.09 per cent, fixed for two years, available today.

Home Loans

26 Mar, 2020

3 min read

Fixed rates plunge to new record low of 2.09 per cent

Mark Bristow

Personal Finance Editor

Which banks are freezing mortgages for COVID-19?

As well as offering support for Australian small business, several banks have offered home loan customers being affected by coronavirus the chance to take a mortgage holiday. This allows these affected mortgage holders to pause their loan repayments for a limited time to help relieve pressure on household budgets.

Home Loans

25 Mar, 2020

9 min read

Which banks are freezing mortgages for COVID-19?

Alex Ritchie

Personal Finance Editor

What the big four banks’ COVID-19 packages mean for households

There’s been a lot of news lately about how different services are responding to the COVID-19 crisis. It’s not unlikely that you may have missed information that affects you amongst all of the headlines.

Home Loans

23 Mar, 2020

2 min read

What the big four banks’ COVID-19 packages mean for households

Alex Ritchie

Personal Finance Editor

How the big four banks are responding to the coronavirus crisis

Here is a summary of how the big four banks have responded to the coronavirus crisis and emergency RBA cash rate cut.

Home Loans

20 Mar, 2020

3 min read

How the big four banks are responding to the coronavirus crisis

Liz Seatter

Senior Finance Writer

ANZ the only big four bank to cut variable rates for existing customers

The fourth largest lender ANZ has bucked the trend, announcing they will cut variable rates for both new and existing home loan customers by 0.15 per cent.

Home Loans

20 Mar, 2020

3 min read

ANZ the only big four bank to cut variable rates for existing customers

Liz Seatter

Senior Finance Writer

Westpac, NAB join CBA with cuts for small business but nothing for variable customers

Big banks Westpac and NAB have confirmed they will not cut rates for variable home loan customers, instead offering big cuts for small businesses and new fixed rate loans.

Home Loans

20 Mar, 2020

3 min read

Westpac, NAB join CBA with cuts for small business but nothing for variable customers

Alison Cheung

Finance Writer

How the coronavirus could impact Australia’s property market

As Australia experiences a steep rise in confirmed cases of COVID-19 and a recession becomes more likely, concerns over the pandemic’s impact on the property market are mounting.

Home Loans

20 Mar, 2020

4 min read