Category: Home Loan News
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Government’s Help to Buy Initiative Eases Property Ownership Burden
In 2025, a new government initiative called Help to Buy aims to assist low- to middle-income households in purchasing property in Australia. The scheme, passed by the Federal Parliament in November 2024, is expected to launch in 2025. Unlike previous initiatives, Help to Buy involves the government making a significant contribution towards a buyer’s property…
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First-Time Homebuyers Benefit from Lower Deposits Amid Government Support
First-time homebuyers in Australia are entering the property market with significantly lower deposits, with data indicating that they are now contributing only 8 per cent upfront for their home loans. This trend is fueled by government incentives and financial support from families, making homeownership more accessible. Recent research by Great Southern Bank highlights that a…
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CommBank Launches Home Energy Upgrades for Cost-Effective Efficiency
CommBank has unveiled a new service aimed at assisting customers in upgrading their homes for improved energy efficiency. The initiative comes in response to a growing interest in reducing energy costs among Australians. Recent studies have revealed that many individuals are deterred by the high upfront expenses and complexity associated with home energy upgrades. The…
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Queensland Launches ‘Boost to Buy’ Scheme for Homebuyers
Queensland has recently unveiled its own shared equity home loan scheme, known as the ‘Boost to Buy’ initiative. This program will see the state government contribute up to 30% towards new builds and 25% for existing homes, allowing homebuyers to enter the market with just a 2% deposit. The scheme is designed to reduce the…
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Commonwealth Bank Introduces Simple Home Loan for Streamlined Mortgages
The Commonwealth Bank of Australia (CBA) has expanded its mortgage offerings by introducing the ‘Simple Home Loan’ to the broker market. This new variable rate home loan option aims to cater to customers seeking a streamlined mortgage solution that prioritizes simplicity and control over their repayments. The Simple Home Loan allows customers to link up…
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Customer-Owned Banks Offer Fixed Home Loan Rates Below 5%
Interest rates on fixed home loans continue to decline as customer-owned banks in Australia are offering rates below 5%. This trend reflects the broader market expectation of further rate cuts. Regional Australia Bank, for instance, has unveiled a 4.98% p.a. fixed rate for owner-occupiers with loan-to-value ratios below 70%, making principal and interest repayments and…
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Australian Home Loan Market: Affordable Options for Borrowers
In the realm of home loans, the competition is fierce among big banks, customer-owned alternatives, and online lenders in Australia. This market rivalry, fueled by interest rate cuts from the Reserve Bank, offers borrowers a plethora of options for securing affordable home loans. Saving money on a home loan translates to more cash in your…
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Homeowners Urged to Review Loans Amid Tax Season Surge
As the financial year comes to a close, many individuals turn their attention to their financial standing, particularly those with property investments gearing up for tax assessments. Given that a home loan is often a significant financial commitment, this juncture presents an opportune moment to evaluate the adequacy of your existing loan in meeting your…
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Maximize Savings: Refinance Strategically with Lower LVR
Refinancing your home loan can be a savvy move to secure a better interest rate. One crucial factor to consider in this process is your loan-to-value ratio (LVR). Your LVR is the percentage of the property’s value that you need to borrow, with a lower LVR indicating a smaller loan amount relative to the property’s…
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Former Banker Leon Ng Revolutionizes Home Loan Experience with Zenith
Leon Ng, a former banker turned mortgage broker, embarked on a mission to simplify the home loan journey for everyday Australians. Ng’s transition to broking in 2019 was fueled by a desire to streamline the overwhelming loan process and act as a trusted advocate for clients. Witnessing the need for a more client-centric approach, Ng…