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The latest home loans mortgage news and tips

Eden Radford

External Comms Lead

ANZ increases rate on its basic variable loan

ANZ, Australia’s fourth largest home loan lender, has today increased the rate of its basic variable mortgage by 0.10 percentage points for both owner-occupiers and investors paying principal and interest, and investors paying interest-only.

Home Loans

08 Dec, 2023

4 min read

ANZ increases rate on its basic variable loan

Mark Bristow

Personal Finance Editor

Some of the top-rated home loans in December 2023

The Reserve Bank of Australia (RBA) board delivered Australian mortgage holders an early Christmas present at its December 2023 meeting by keeping the nation's cash rate on hold at 4.35%. But with economists from some of Australia’s big banks forecasting another rate hike in February 2024, Australian homeowners may not be feeling the love by the time Valentine’s Day rolls around.

Home Loans

05 Dec, 2023

3 min read

Some of the top-rated home loans in December 2023

Eden Radford

External Comms Lead

The average borrower has shelled out almost $25K extra since the start of the hikes

New research from RateCity.com.au shows the average borrower who hasn’t refinanced has paid more than $24,000 extra in interest as a result of the RBA rate rises over the last twenty months.

Home Loans

05 Dec, 2023

6 min read

The average borrower has shelled out almost $25K extra since the start of the hikes

Alex Ritchie

Personal Finance Editor

14 home loan cashback deals still available in December

In December, there are 14 lenders offering cashback deals ranging from $2,000 up to $10,000. Refinancers and first home buyers have a range of deals to compare, as well as other competitive incentives.

Home Loans

05 Dec, 2023

5 min read

14 home loan cashback deals still available in December

Mark Bristow

Personal Finance Editor

What to expect from the RBA meeting in December 2023

As 2023 draws to a close, it’s time to ask if the Reserve Bank of Australia (RBA) has one more rate rise left in the tank for the year. Economists from some of Australia’s leading banks have their own thoughts, based on previous RBA updates, new inflation data, and their own economic modelling for 2024 and beyond.

Home Loans

01 Dec, 2023

6 min read

What to expect from the RBA meeting in December 2023

Eden Radford

External Comms Lead

Household deposits continue to climb but pace is slowing

Household deposits are continuing to rise, increasing by over $7 billion in the month of October and setting yet another record high at over $1.42 trillion.

Home Loans

30 Nov, 2023

4 min read

Household deposits continue to climb but pace is slowing

Eden Radford

External Comms Lead

Drop in inflation enough to shift the RBA back into neutral over summer

October’s drop in annual inflation from 5.6 per cent to 4.9 per cent, according to the ABS’ monthly consumer price index (CPI) indicator, is likely to be enough for the RBA to shift the cash rate back into neutral over summer.

Home Loans

29 Nov, 2023

3 min read

Drop in inflation enough to shift the RBA back into neutral over summer

Vidhu Bajaj

Personal Finance Writer

Is this the right time to buy a house in Australia?

Check if you're financially ready to buy a house in Australia amidst increasing property prices and mortgage rates.

Home Loans

24 Nov, 2023

9 min read

Is this the right time to buy a house in Australia?

Eden Radford

External Comms Lead

Westpac and NAB the next big banks to hike fixed + Westpac hikes new customer variable rates

Westpac and NAB – Australia’s second and third largest lenders – have both hiked the majority of their fixed rates for both owner-occupiers and investors, in some cases by up to 0.25 percentage points.

Home Loans

24 Nov, 2023

5 min read

Westpac and NAB the next big banks to hike fixed + Westpac hikes new customer variable rates

Alex Ritchie

Personal Finance Editor

More lenders to help buyers with low deposits through Home Guarantee Scheme

More of Australia's biggest banks are now part of the Australian Government’s Home Guarantee Scheme. Westpac subsidiaries St.George, Bank of Melbourne and BankSA have joined into the scheme.

Home Loans

23 Nov, 2023

5 min read

More lenders to help buyers with low deposits through Home Guarantee Scheme

Mark Bristow

Personal Finance Editor

Queensland doubles first home owner grant – what this means for you

The Queensland state government has announced that it would be doubling the state’s first home owner grant (FHOG) from $15,000 to $30,000, in what was described as a pre-Christmas bonus. So how does this affect Queenslanders hoping to put their first foot onto the property ladder in the new year?

Home Loans

20 Nov, 2023

5 min read

Queensland doubles first home owner grant – what this means for you

Mark Bristow

Personal Finance Editor

Some of the top-rated home loans for investors and refinancers in November 2023

Many of Australia’s banks and other mortgage lenders have already announced that they’re raising their home loan interest rates following the Reserve Bank of Australia (RBA) board’s November 2023 meeting. Homeowners and investors hoping to get a better mortgage deal may need to look beyond a home loan’s cost and consider the overall value offered by different lenders.

Home Loans

15 Nov, 2023

3 min read