Home Loan News

“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.

Housing finance tumbles in December, credit cards continue to fall out of favour

ABS figures out today show a dramatic drop in new housing loans, while the number of credit cards are also continuing to fall, according to the RBA.

UBank launches Mia, the digital human home loan assistant

Would you get a home loan from a robot mortgage broker? You may soon get your chance to find out, thanks to the new ‘digital human’ home loan assistant that’s been introduced by Ubank and FaceMe.

Macquarie Bank joins growing list of banks to hike interest rates in 2019

RBA changes tune, flags 2019 rate cut

The governor of the Reserve Bank of Australia has raised the possibility that official interest rates might be reduced in 2019.

Cash rate holds as banks court ‘ideal’ borrowers

People refinancing their home loans has hit the same flat line as the official cash rate, despite the revelations in the Royal Commission and the potential savings home owners could make.

Australian dwelling values still falling

The first month of 2019 did not see Australia’s housing markets improve, with CoreLogic recording month-on-month falls in dwelling values in every capital city apart from Canberra.

Property prices set for a big shake-up in 2019

Hobart is the only capital city property market capable of achieving double-digit price growth in 2019, while Sydney and Melbourne could have double-digit falls, according to new forecasts.

ME Bank hikes variable home loan interest rates

ME Bank has today announced it will increase its variable home loan interest rates for both new and existing customers.

The Royal Commission could trigger big changes in home loans

The final report of the Royal Commission into Misconduct in the Banking, Superannuation & Financial Services Industry could turn the mortgage industry on its head.