Category: Home Loan News
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Australian Banks’ Lucrative Home Loan Profits Spark Regulatory Concerns
Home lending is a lucrative business in Australia, with the big four banks raking in substantial profits from owner-occupier housing loans. According to recent research by the Australia Institute, these banks make an average profit of $200,880 on a 30-year home loan. This profit margin is significantly higher than the global average, showcasing the profitability…
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Australian Home Loan Market Insights: Expert Analysis and Trends
Real estate holds a significant place in the hearts of Australians, with over 10.8 million residential properties across the country, 3.2 million of which are mortgaged. Mozo diligently monitors more than 400 home loan products, offering valuable insights into the dynamic Australian home loan market. The Ultimate Guide for Home Buyers in Australia 2025 |…
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NAB Reduces Home Loan Rates to Aid Customers Amid Economic Shifts
NAB has recently announced a reduction in its standard variable home loan interest rate by 0.25% per annum, effective from the end of May 2025. This decision comes in response to the Reserve Bank of Australia’s move to lower the official cash rate, offering relief to customers grappling with the ongoing challenges of living costs.…
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RBA Cuts Interest Rates, Aiding Mortgage Holders Nationwide
The Reserve Bank of Australia (RBA) recently announced a 0.25 percentage point cut in interest rates, bringing the cash rate down to 3.85 per cent. This move, widely expected by financial markets and major banks, is set to provide relief for mortgage holders across the country. The Ultimate Guide for Home Buyers in Australia 2025…
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CommBank and Unloan Lead Competitive Home Loan Rate Cuts
CommBank and Unloan have recently announced further cuts to variable investment home loan rates, solidifying their positions as some of the most competitive lenders in Australia. The move comes amidst a broader trend in the market where several major banks have been adjusting their rates to align with the Reserve Bank of Australia’s decisions. The…
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Homeowner’s Frustration: Slow Loan Repayment Challenges Australians
A 26-year-old woman in Australia recently expressed her dismay at the slow progress in paying off her home loan, deeming homeownership a “scam” she had unwittingly fallen for. Evy Kassiotes shared her frustration on social media after receiving a letter from the bank detailing her loan’s repayment status, revealing only a minimal reduction despite almost…
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AMP Bank Launches 10-Year Interest-Only Home Loan for Retirees
AMP Bank has introduced a groundbreaking 10-year interest-only home loan, catering to the evolving needs of borrowers in Australia. This move marks a significant departure from the conventional five-year interest-only loan terms prevalent in the market. Typically favored by property investors for tax benefits, interest-only loans allow borrowers to pay only the interest without reducing…
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Homeowners Consider Refinancing Amid Record-Low Interest Rates
Following the recent interest rate cut by the Reserve Bank of Australia, homeowners are contemplating refinancing their home loans to capitalize on potential savings. With the target cash rate now at its lowest since May 2023, major banks swiftly announced passing on the rate cut benefits to borrowers, prompting many to consider their options. The…
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Canstar Analysis Reveals Shifts in Australian Home Loan Rates
Amidst a recovering Australian housing market, Canstar’s recent rate analysis revealed significant shifts in home loan rates. The market saw a surge in activity following a rate cut that boosted buyer sentiment, marking the end of a downturn in the housing sector. The Australian Guide to Buying Your First Home: How to Increase Your Income,…
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Recent Australian Mortgage Rate Adjustments Reflect Economic Shifts
This past week witnessed subtle yet noteworthy movements in the Australian mortgage market, with several lenders adjusting their rates. Canstar’s recent rate update revealed that five lenders reduced their variable rates by an average of 0.07%, while two others made cuts to 28 fixed rates by an average of 0.17%. The Australian Guide to Buying…