Home Loan News

Opinion: Why open banking will make it easy to switch home loans

The upcoming introduction of open banking in Australia is a step in the right direction towards efficiency and competition in the home loan market, writes loans.com.au’s Managing Director Marie Mortimer.

By Marie Mortimer ● September 03, 2019

National dwelling values record first rise since October 2017

CoreLogic data shows housing values increased in five capital cities in August, raising national dwelling values by 0.8% over the month.

By Alex Brewster ● September 02, 2019

Teachers Mutual, RACQ, Greater Bank & others trim fixed rates below 3%

The only way is down for mortgage rates, as home loan interest rates starting with a two become the new norm.

By Emma Duffy ● August 30, 2019

Consider climate change when buying a house: REIQ

Structural integrity, utilities, pest inspections…and climate change. These are the things buyers should be considering when inspecting a property according to the Real Estate Institute of Queensland (REIQ).

By William Jolly ● August 30, 2019

Mortgage debt skyrockets for older Australians, leading to worsening mental health

The amount of mortgage debt held by Australians older than 55 has blown out by 600% over the last 30 years, leading to mental distress for those who are left carrying unsustainable mortgage repayments into retirement, a new report shows.

By Emma Duffy ● August 27, 2019

BOQ and MOVE Bank cut fixed home loan rates by up to 60 basis points

Bank of Queensland (BOQ) has slashed interest rates on its owner-occupier and investment fixed interest rates by up to 60 basis points.

By Alex Brewster ● August 26, 2019

Citi is gutting home loan rates by as much as 160 basis points

Citibank will be slashing mortgage rates across its entire home loan product suite from Monday 26 August, with certain rates to be cut by as much as 160 basis points.

By William Jolly ● August 23, 2019

Westpac Group drop fixed home loan rates below 3%

Australians are now being offered what are some of the lowest fixed mortgage interest rates in history, with Westpac subsidiaries dropping rates below 3%.

By Emma Duffy ● August 22, 2019

Aussies more optimistic about buying a home – Westpac

New research has revealed 51% of Australians are feeling more confident about the state of the housing market than 12 months ago.

By Alex Brewster ● August 19, 2019

Commbank CEO defends cuts to deposit and home loan rates

Commonwealth Bank CEO Matt Comyn has defended his bank’s decision to cut home loan rates, saying record low interest rates are hurting its depositors.

By William Jolly ● August 17, 2019

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