Home Loan News

Online lender unveils 3.48% mortgage product

Loans.com.au has launched a new home loan that has one of the lowest interest rates in Australia.

Do Australians prefer banks to brokers?

With sweeping changes to mortgage broker remuneration on the table in the wake of the recent banking royal commission, new figures indicate that Australian mortgage holders may be more satisfied with their experience when applying for a mortgage directly through a bank branch.

Home sellers more likely to tempt with discounts

February finishes with mortgage rate rises

Several lenders increased variable interest rates on selected home loans in the last week of February, though there were also cuts to interest rates for some fixed rate loans.

Gold Coast vacancy rates snowball in December

The latest vacancy report has been released, with Real Estate Institute Queensland (REIQ) finding the Gold Coast to have the highest vacancy rate increase in the December quarter, growing from 1.7 per cent to 4.8 per cent.

New mortgage product offers automated approval

Bendigo Bank has unveiled an “instant home loan”, which is powered by its fintech partner, Tic:Toc.

Suncorp discounts variable mortgage rates

Suncorp has recently increased the discount on selected variable rate home loans for new customers by ten basis points.

Bendigo Bank and Credit Union SA cut mortgage rates

Bendigo Bank and Credit Union SA recently cut variable interest rates on selected home loans, in a month where several other lenders have increased rates.

“Banks remain willing to lend”: APRA boss

Australia’s chief banking regulator has dismissed the idea that the country is experiencing a credit squeeze.

“Not a strong case” to change rates soon: RBA

The Reserve Bank is unlikely to change the cash rate in the foreseeable future, according to the minutes from its monthly monetary policy meeting.

The last suburbs left with a million-dollar median

There has been a decline in million-dollar suburbs in Australia over the last year, according to new research from CoreLogic.

Lenders adjust fixed home loan interest rates

Several Australian banks have adjusted their home loan interest rates this week, with some lenders lowering their fixed rates, while others increased theirs.