Home Loan News

Does the ME Bank redraw debacle show offset accounts are the way to go?

ME Bank outraged customers and caught the eye of regulators when it made changes to redraw facilities last week - changes which the bank is now allowing customers to reverse.

By Alex Brewster ● May 08, 2020

Is the RBA going to change rates today?

After holding the cash rate steady in April, Australia's central bank meets today to discuss the possibility of a rate change.

By Alex Brewster ● May 05, 2020

ME hikes home loans by up to 30 basis points

ME on Friday raised certain owner occupier fixed home loan interest rates by up to 30 basis points after they were reduced in late March.

By Harrison Astbury ● May 04, 2020

Commbank starts reducing customers' home loan repayments to the minimum

Commonwealth Bank has started to automatically reduce home loan repayments for eligible customers to the minimum amount.

By Alex Brewster ● May 01, 2020

Housing activity plunges as nervous buyers and sellers desert the market

Buyers and sellers deserted the national property market in April hoping to wait out the impacts of coronavirus, with new figures showing a slowdown in house prices.

By Emma Duffy ● May 01, 2020

Coronavirus sees personal credit hit 12-year low while business credit spikes

Personal credit growth declined 1.4% in March, the steepest monthly fall since the global financial crisis in November 2008.

By Alex Brewster ● April 30, 2020

1,000 first home buyers access First Home Loan Deposit Scheme with Commbank

Commonwealth Bank has passed a lending milestone, with 1,000 prospective first home buyers purchasing a home with them via the Australian Government's First Home Loan Deposit Scheme.

By William Jolly ● April 30, 2020

How to (properly) ask for a rent reduction during COVID-19

COVID-19 might have caused you to lose your job or take fewer hours, but there will still be bills to pay. And rent is one of the biggest.

By William Jolly ● April 29, 2020

NAB: Coronavirus impact could see house prices drop 30%

A worst-case COVID-19 scenario could see Australian house prices decline by a cumulative 30%, NAB research shows.

By Alex Brewster ● April 28, 2020

Banks make it "unnecessarily difficult and costly" for borrowers to compare home loans, says ACCC

Australia's consumer watchdog says the big four banks have made it "unnecessarily" difficult for borrowers to compare home loans, and it could be costing customers up to $5,000.

By Emma Duffy ● April 28, 2020

Let us come to you. Get Savings in your inbox.

Let us come to you.
Get Savings in your inbox.