Home Loan News

Do stricter home loans mean more mortgages in arrears?

Australia’s banks have been recently taking steps to lend money more responsibly, making it that little bit harder for some Aussies to get a home loan. However, according to the Reserve Bank of Australia (RBA), this tightening of lending standards may be partially responsible for a recent increase in the number of Australians falling into arrears on their mortgage repayments.

Banks back away from risky business

Banks continue to turn their backs on riskier home loans, as the value of new interest-only and low doc loans hit record lows, according to APRA data released today.

How to finance a granny flat

Forking out over $100k for a granny flat is a hard ask for may Australians, so here are two common ways you can finance your new build.

Low rate lenders battle it out with history-making variable rates

Australia’s low rate lenders are battling it out with variable rates now tumbling as low as 3.09 per cent.

Housing affordability: best it’s been since 2016

Help the environment and get cash back, thanks to this bank

14 more lenders drop home loan rates

HSBC, Bankwest, AMP and Bendigo Bank are among 14 lenders to cut home loan interest rates since the last RateCity.com.au update yesterday.

Home loan lenders continue to cut their mortgage rates

ING, Bank of Queensland, Virgin Money, Qudos Bank and Newcastle Permanent have moved their variable interest rates since the last RateCity.com.au update yesterday.

More lenders hold back part of the rate cut

A growing number of banks have decided not to pass on the full 0.25 per cent RBA rate cut.

ANZ shocks by not passing on full RBA rate cut

The RBA has finally taken the plunge, cutting the cash rate to a new low of 1.25 per cent.

Rate cut could shave $700 per year off average mortgage

RateCity.com.au expects the Reserve Bank to cut rates tomorrow and then again as early as August.

Switching banks could be a very profitable move

Unhappy with your bank? You’re not the only one. So why not switch to a better alternative?