Bankwest has cut investment mortgage rates across its fixed and variable home loans, including both principal and interest and interest only home loans.
New lending has dropped to the lowest levels since August 2014, according to ABS housing finance figures released today.
Home loans taken out by two same-sex individuals are increasing, with women more likely to team up to buy a home, according to research from Aussie Home Loans.
Australia’s banking regulator has said it wants the big four banks to hold more capital - a reform that it expects to have a minimal effect on home loan interest rates.
More banks and lenders are adjusting their home loan interest rates, with rate rises and falls coming into effect this week.
Australia’s fourth largest bank, the National Australia Bank has announced it will be changing the special on its base variable rate from 3.69 per cent to 3.87 per cent.
ING has adjusted its fixed interest rates, raising rates for owner occupiers while cutting rates for investors.
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