Category: Home Loan News
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ANZ Cuts Home Loan Rates to Aid Homeowners
ANZ has announced a reduction in variable home loan rates in response to the Reserve Bank of Australia’s decision to lower the official cash rate. Effective 22 August 2025, variable interest rates on ANZ’s Australian home loans will decrease by 0.25% per annum. This move aims to provide relief to homeowners and offer them flexibility…
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Rural Australia Sees Surge in Financial Planning Demand
Financial planning in regional Australia is experiencing a surge in demand, with suburbs showing high capacity for investment. Data from the Betashares Financial Opportunity Index highlighted strong financial prospects in rural and semi-rural areas like Dayboro, Olinda, South Boulder, and Taree. Smart Money Strategy: Your Ultimate Guide to Financial Planning | $25.93 Seachangers, mining, and…
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Personal Loans for Rs 20,000 Salary: Accessing Quick Funds Simplified
When unexpected expenses arise, like medical bills or urgent purchases, having access to quick funds can be a lifesaver. For individuals earning a monthly salary of Rs 20,000, applying for a personal loan may seem daunting. However, the good news is that many banks and financial institutions cater to individuals with modest incomes, offering personal…
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RBA Cash Rate Impact: Car Loan Rates vs. Home Loans
Interest rates have been a hot topic lately, especially with the Reserve Bank of Australia (RBA) raising the cash rate multiple times since 2022. While much attention has been on the impact on home loan rates, car loans have also been affected. The relationship between the RBA cash rate and car loan rates is an…
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Financial Support Initiatives Empower NSW Small Businesses for Growth
Small businesses in New South Wales have access to various financial supports to aid in their growth and development. These supports cater to different needs, from staff relocation to energy savings and export financing. One such initiative is the Regional Skills Relocation Grant NSW, which assists regional businesses in attracting skilled employees. The grant covers…
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Brokers Navigate Major Banks’ Shift to Proprietary Channels
Major banks are increasingly focusing on their proprietary channels, sparking concern among brokers about their future role in the industry. The commitment of banks like CommBank, Westpac, NAB, and ANZ to both brokers and proprietary channels has been highlighted, with initiatives aimed at supporting brokers and streamlining the lending process for customers. TI Financial Calculator…
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Student Loan Borrowers Navigate Uncertainty Amid SAVE Plan Lawsuits
Millions of student loan borrowers on the SAVE repayment plan are facing uncertainty as lawsuits have blocked the plan, leaving them without payments but with accruing interest starting August 1. The Education Department has provided guidance for these borrowers, stating that they are not earning forgiveness credit during this period. Applying to a Student Loan…
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ACCC Proposes Collaboration for Sustainable Finance Innovation
The Australian Competition and Consumer Commission (ACCC) has paved the way for sustainable finance industry collaboration by issuing a draft determination that proposes conditional authorization for the Australian Sustainable Finance Institute (ASFI) and various industry participants to work together on sustainable finance projects. This proposal sets the stage for ASFI and its members, along with…
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Geoff Murphy Empowers Brokers with Innovative Solutions and Support
Geoff Murphy, the Senior Manager – Client Partnerships at La Trobe Financial, has over 20 years of experience in the mortgage finance industry. As part of Mortgage Professional Australia’s ongoing ‘BDM in the Spotlight’ series, Murphy sheds light on his role in offering innovative solutions to brokers, fostering strong relationships, and aiding in business growth.…
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NSW First Home Buyer Choice Scheme Eases Property Entry
The First Home Buyer Choice scheme, a NSW government initiative, allowed first homebuyers to choose between paying upfront stamp duty or an annual property tax. Launched on 11 November 2022, the scheme aimed to assist first home buyers in NSW in navigating the high property prices prevalent in the state. The option to pay an…