Home Loan News

Reserve Bank minutes reveal decision to cut rates was deeply debated, with concerns low rates could backfire

The Reserve Bank of Australia’s (RBA) October interest rate cut was deeply debated among board members who feared it may backfire, driving up house prices and failing to boost the economy.

By Emma Duffy ● October 15, 2019

Former ACCC Chair urges borrowers to consider non-bank lenders

If you’re wondering why your bank hasn’t passed on interest rate cuts in full, former ACCC Chair Graeme Samuel says fed up borrowers should take their business to smaller lenders.

By Emma Duffy ● October 15, 2019

69% of millennial homeowners only took five years to save for house deposit: ING

Owning a home has seemed out of reach for a lot of millennials but new research from ING suggests it could be far more achievable than we think.

By Emma Duffy ● October 14, 2019

ME Bank cuts fixed rate home loans to under 3%

ME Bank has today announced its lowest ever rate, cutting its two year fixed home loan rate to 2.88% p.a (3.96% p.a. comparison rate*).

By Alex Brewster ● October 14, 2019

ticX: The newest path to homeownership?

The Tenant in Common Exchange, or ticX, touts itself as a solution to housing affordability.

By Alex Brewster ● October 14, 2019

Treasurer announces ACCC inquiry into mortgage prices

Treasurer Josh Frydenberg has today asked Australia’s competition watchdog to conduct an inquiry into the banking sector’s refusal to pass on recent interest rate cuts in full to its customers.

By William Jolly ● October 14, 2019

Millennials want homes, but don’t understand basic deposit requirements

57% of millennials have never heard of Lenders Mortgage Insurance and some don’t know it’s possible to get a home loan with less than 20% deposit.

By Emma Duffy ● October 10, 2019

Millions of Aussies switching financial products

The Deloitte Choice in Banking Report has revealed 2.8 million customers switched to new financial providers for their home loans, credit cards and transaction accounts in the last year.

By Alex Brewster ● October 10, 2019

Falling interest rates spook consumers with confidence plummeting to a four-year low

Falling interest rates have got Australians scared and bizarrely it’s borrowers who are the most spooked, according to the most recent Westpac consumer sentiment survey.

By Emma Duffy ● October 09, 2019

House price optimism at three-year high

Since beginning the year with record-low expectations, Aussie home sellers are now the most optimistic they’ve been for at least three years, according to survey results.

By William Jolly ● October 09, 2019

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