Home Loan News

Westpac and ANZ cut serviceability rates for home loans

Two of the big four banks have cut their serviceability rates, in line with changes to rules by the Australian Prudential Regulation Authority (APRA).

By Alex Brewster ● July 16, 2019

The average Aussie is a millionaire (sort of)

The average Australian household’s wealth in 2017-18 exceeded $1 million, a 37% increase from last decade.

By William Jolly ● July 15, 2019

Westpac, ANZ, Macquarie and others cut fixed home loan rates

In the wake of cuts to variable home loan rates following the Reserve Bank’s decision to lower the cash rate for a second time in as many months, a number of lenders have also made big rate reductions to fixed home loan rates.

By Emma Duffy ● July 12, 2019

Australian housing profits shrink to six year low

Research has revealed 12% of properties in the March 2019 quarter were sold at a loss, the highest level in six years.

By Alex Brewster ● July 09, 2019

How the big four banks responded to the RBA rate cut

All of the big four banks have announced cuts to their home loan interest rates after the Reserve Bank of Australia (RBA) dropped its cash rate to a record low of 1% yesterday.

By Emma Duffy ● July 03, 2019

RBA rate cut July: Who’s passing on another cut?

For the second month in a row, Australia’s cash rate has been cut, but fewer banks and lenders are expected to fully pass on this month’s cut to home loan interest rates. Savings.com.au will keep you updated with the latest rate cut announcements.

By Dominic Beattie ● July 02, 2019

RBA cuts interest rates two months in a row

The Reserve Bank has continued to shake up the status-quo, cutting the official cash rate by 25 basis points for the second consecutive month in a bid to stimulate the economy.

By William Jolly ● July 02, 2019

New Banking Code of Practice increases consumer protections

The banking rule book has been thrown out the window, with the new ASIC-approved Banking Code of Practice to come into effect today.

By William Jolly ● July 01, 2019

Resurgence in share market lifts household wealth

Australian’s household wealth lifted in the March quarter as a resurgent share market offset continued property price falls.

By Emma Duffy ● June 27, 2019

First home buyers feel the pressure when applying for a home loan

More than half of all first-home buyers feel stressed when applying for a home loan, according to new research.

By William Jolly ● June 25, 2019

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