Category: Home Loan News
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RBA Rate Cuts Spark Optimism and Concern in Housing Market
As the Reserve Bank of Australia takes steps to ease monetary policy, interest rates are on a downward trajectory. This move has sparked optimism among potential home buyers, with mortgage pre-approvals showing an increase. Anticipation of further rate cuts in the near future has led some economists to predict a potential surge in house prices,…
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Maximize Financial Benefits: Conduct Home Loan Health Check Before EOFY
As the end of the financial year approaches, it’s crucial to conduct a home-loan health check to ensure your mortgage aligns with your financial goals. This assessment can reveal potential savings, enhance financial security, and aid in retirement planning, particularly for older Australians. The Australian Guide to Buying Your First Home: How to Increase Your…
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Green Loans Empower Australians to Boost Home Energy Efficiency
Australians are discovering a hidden gem in the form of low-interest loans designed to boost energy efficiency in homes. By embracing energy-saving upgrades, homeowners like Amanda Fung are reaping significant financial benefits. Fung, a Melbourne resident, slashed nearly $1,000 off her monthly mortgage payments by enhancing her property’s energy efficiency. Her journey involved installing a…
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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…