Home Loans Mortgage News

Refinancing record: over $16 BILLION switched in June

While the value of new loans dipped this month, refinancing has skyrocketed to an all-time high in June.

Home lending drops for the first time in 8 months – is Australia’s home buying hysteria fatiguing?

After record-breaking levels of home lending since November 2020, the value of new loans dropped in June this year, according to latest data from the ABS.

Smart Booster Home Loan Discounted Variable - 2yr

Interest rates ranked in the best 20%
No ongoing fees

Advertised Rate

1.85

% p.a

Intro 24 months

Comparison Rate*

2.21

% p.a

Real Time Rating™

Monthly Repayment

$1,147

based on $300,000 loan amount for 25 years at 1.85%

View Now

More Features

Don’t ask, don’t get: 3 out of 4 mortgage holders who asked for a rate cut, got one

Almost three-quarters of variable borrowers who asked for a rate cut, got one, a new survey has found.

Australia’s last record low fixed rate disappears – but there’s still 181 rates under 2%

Analysis from RateCity.com.au shows in each fixed rate category (1- 5-years), the lowest rate has now disappeared.

Big bank predicts further 21% growth in Sydney house prices

One of Australia’s biggest banks, NAB, has revealed a new 2021 property growth forecast for Sydney, lifting its previous May estimate of 17% to 21.6%.

CommBank releases Green Loan to mortgage holders nationwide

The Commonwealth Bank of Australia (CBA) has made its Green Loan available to all of its eligible home loan customers nationally.

Household impacts of COVID-19: ABS

New survey results from the ABS into the household impacts of COVID-19 show how Aussies expected their household income to change over the next 12 months, and how they plan to save and/or spend these funds

Lockdown bank relief: what’s on offer for you?

With lockdown restrictions now in place across NSW, Victoria and South Australia, the country's banks have rolled out extra support to affected customers.

Some of the best investor home loans in July 2021

Recent statistics show that home lending recently hit an all-time high. But it wasn’t owner occupiers and first home buyers driving these figures – rather, it was investors and refinancers.

Aussie fintech launches unique campaign to challenge ‘outdated’ approach to home loan lending and refinancing

Australian fintech player Nano has unveiled a bold new campaign to highlight the power of technology in making the home loan process easier for customers.

APRA expects banks to prepare for negative rates

The Australian Prudential Regulation Authority (APRA) wants Australia’s authorised deposit-taking institutions (ADIs) to be prepared just in case the Reserve Bank of Australia (RBA) cuts the nation’s cash rate into negative figures. While the RBA has said in the past that negative rates are highly unlikely, the potential effects of negative rates on Australian banks and their customers mean that it’s important to think about what negative rates could mean for you.

Australia’s new lowest rate green construction loan

Online lender, loans.com.au, has today reduced interest rates on energy-efficient ‘green’ homes to 2.08%. This is now the lowest rate on a green construction loan in the market.