Category: Home Loan News
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Macquarie Bank Challenges Big Four in Australian Banking Sector
In the Australian banking landscape, the major players like Commonwealth Bank, Westpac, National Australia Bank, and ANZ collectively hold significant market share. These big four banks dominate the market with assets totaling around $3.80 trillion. The Australian Prudential Regulation Authority (APRA) regulates these banks and ensures they maintain a certain level of capital to safeguard…
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Macquarie Bank Slashes Investment Loan Rates, Rivaling Major Lenders
Macquarie Bank has once again made headlines by cutting its home loan rates, particularly for property investors. The bank has reduced its variable investment rates, making it a competitive player in the market. The lowest variable investment rate now stands at 5.99% p.a., a move that positions Macquarie as one of the few lenders offering…
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ANZ Cuts Home Loan Rates to Aid Borrowers Amid Economic Challenges
ANZ has announced a reduction in variable home lending rates in response to the recent decision by the Reserve Bank of Australia to decrease the official cash rate. This move will see a 0.25% decrease in variable interest rates for Australian home loans offered by ANZ, effective from 28 February 2025. The bank is also…
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Victoria’s Homebuyer Fund Eases Property Ownership for Victorians
Victoria’s Homebuyer Fund, a shared equity scheme, assists Victorians in achieving home ownership. Participants with a 5% deposit can receive up to 25% contribution from the government towards the property purchase price. This reduces mortgage costs and eliminates the need for Lenders Mortgage Insurance. Aboriginal and Torres Strait Islander individuals need only a 3.5% deposit…
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Home Loan Market Competition Heats Up Amid Rate Cuts
Competition in the home loan market in Australia has intensified following rate cuts by the Reserve Bank of Australia. Big and small lenders are offering a variety of home loan options, prompting consumers to compare and find the best deals. The Australian Guide to Buying Your First Home: How to Increase Your Income, Manage Your…
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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…