Category: Home Loan News
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RBA Cuts Cash Rate, Offering Relief to Homeowners in 2025
Interest rates are a crucial aspect of the economy, impacting various financial products like home loans. The Reserve Bank of Australia (RBA) plays a significant role in setting the cash rate, affecting borrowing costs for consumers. The recent cut in the cash rate to 3.85% following the May 2025 monetary policy meeting has brought some…
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Speculation Grows: Will Lower Rates Spark Australian Housing Boom?
As interest rates in Australia are on the decline, there is speculation about the potential for another surge in house prices. Mortgage pre-approvals have already started to increase, indicating a growing interest among prospective homebuyers due to the prospect of lower home loan costs. With expectations of further rate cuts, economists are foreseeing the possibility…
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ASIC Sues Westpac’s RAMS for Home Loan Misconduct
Corporate regulator ASIC has taken legal action against Westpac’s RAMS, accusing the lender of widespread misconduct related to home loans. The lawsuit alleges that RAMS failed to oversee its staff adequately, leading to instances of falsified pay slips and manipulated financial information on mortgage applications. These actions, according to ASIC, violated credit laws and involved…
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Home Loan Market Stability Amid Rate Adjustments and Uncertainties
Amid speculation of a potential cash rate cut and the recent federal election outcome, Australia’s home loan market maintained stability last week, with most lenders refraining from significant changes in light of uncertainties. The Australian Guide to Buying Your First Home: How to Increase Your Income, Manage Your Mortgage and Get Debt-Free | $18.66 Only…
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Regional Australia Bank Cuts Mortgage Rates to Attract Borrowers
Regional Australia Bank has made a significant move in the mortgage market by reducing its lowest two-year fixed home loan rate to 5.25% p.a., setting a new competitive standard. This rate cut is targeted at owner-occupiers with a loan-to-value ratio below 60%, offering them a favorable deal on principal and interest repayments. The bank’s decision…
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Police Bank Slashes Home Loan Rates, Trends Shift Below 5%
Police Bank recently made a significant move by slashing its fixed home loan rates below 5%, a trend indicating potential changes in the mortgage market. The decision saw a reduction of up to 1.15% in three-year rates, dropping them below the 5% threshold. This development comes after two-and-a-half years of average new home loan rates…
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ASIC Pursues Legal Action Against RAMS for Loan Misconduct
The Australian Securities and Investment Commission (ASIC) is taking legal action against RAMS Financial Group, a subsidiary of Westpac, for alleged misconduct related to home loans. The regulator accuses RAMS of systemic wrongdoing, including falsifying documents such as payslips and expenses to facilitate loan approvals. This misconduct allegedly occurred over several years, indicating a failure…
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Macquarie Bank’s Home Loan Surge Defies Industry Trends
Macquarie Bank has defied industry trends with a notable 19% surge in its home loan book, marking a significant growth in its market share within Australia’s home loan industry. The bank’s home loan portfolio expanded to $141.7 billion, representing 5.9% of the total Australian mortgage market over the past financial year ending in March 2025.…
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Australia’s 3.49% Home Loan Rate Revolutionizes Housing Market
Australia’s cheapest home loan rate of 3.49% is making waves in the housing market, offering potential savings of $24,000 over two years for borrowers. This unprecedented rate is a result of a collaboration between Burbank, a major building group, and YourLand Developments, aiming to address the nation’s housing crisis by incentivizing home construction in select…
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Home Loan Refinancing: Unlock Cashback Rewards and Savings
Refinancing your home loan can be a lucrative opportunity with lenders offering attractive incentives. Some lenders are providing cashback offers up to $4,000 for refinancing your mortgage. Providers like IMB Bank and Regional Australia Bank are among those offering these cashback incentives. Additionally, some lenders are rewarding borrowers with Qantas Points for refinancing, like Qantas…