Tag: competitive interest rates
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Competitive Australian Home Loan Rates Spark Borrower Interest
Recent updates in the Australian home loan market reveal a dynamic landscape of shifting interest rates among various lenders, signaling heightened competition in the industry. Canstar’s analysis on Jan. 13 highlighted significant variations in rates for owner-occupier loans, with several lenders offering variable rates below the 5.75% threshold. The Ultimate Guide for Home Buyers in…
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Refinancing Surges in Australian Mortgage Market Amid Rate Adjustments
Refinancing activity in the Australian mortgage market has surged to an 18-month high, with nearly 100,000 borrowers switching lenders in the first quarter of 2025, according to data from the Australian Bureau of Statistics (ABS). This increase in refinancing comes amid heightened competition among lenders, driven in part by the Reserve Bank of Australia’s (RBA)…