Home Loan News

Great Australian dream not dead for first home buyers

New research from Housing Industry Association (HIA) has found that the goal of home ownership still matters for a majority of Australians, with 81 per cent of Aussies believing they should be able to own their own home.

NSW and Victoria becoming more affordable property markets

Housing affordability has improved in four states and territories, while rental affordability has also improved in four, according to a new report.

Cash rate on hold as more banks slash fixed rates

The Reserve Bank of Australia has today left the cash rate on hold at 1.5 per cent. Meanwhile, 22 lenders have slashed rates on more than 150 fixed home loans this year, as competition among the banks heats up.

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.