Home Loan News

The ACCC wants another banking inquiry

ACCC chairman Rod Sims has reportedly sought approval from Treasurer Josh Frydenberg to conduct another inquiry into banks, according to government and regulatory sources.

By William Jolly ● September 18, 2019

Can customer-owned banks keep pace with rate cuts?

With interest rates on many savings accounts and term deposits already at or approaching 0% p.a, many banks, particularly small customer-owned institutions, are expected to struggle to pass on future rate cuts to home loan customers.

By William Jolly ● September 17, 2019

First Home Buyer 5% Deposit Scheme hits parliament

Consultations with lenders regarding their participation in the Federal Government’s new First Home Loan Deposit Scheme are due to begin following the introduction of draft laws.

By Emma Duffy ● September 13, 2019

NAB says RBA may cut interest rates to near zero

NAB economists have changed their mind on the Reserve Bank outlook and now believe the RBA could cut the cash rate to as low as 0.25% by mid-2020 unless there is “meaningful stimulus”.

By Emma Duffy ● September 12, 2019

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