Tag: home loan calculator
-
Expert Tips for Navigating Home Loan Challenges in 2025
In 2025, amidst the economic challenges faced by Australian homeowners, financial expert Chris Foster-Ramsay offers valuable insights and tips to navigate the complexities of home loans. The Reserve Bank of Australia is expected to announce a rate cut soon, potentially providing some relief to borrowers grappling with escalating costs and multiple rate hikes. Despite the…
-
Great Southern Bank Empowers Australians with Home Ownership Solutions
Great Southern Bank, formerly known as Credit Union Australia, has a rich history dating back almost 80 years when it emerged to challenge the traditional banking sector in Australia. Over the years, the bank has grown to become one of the largest customer-owned banks in the country, serving over 400,000 Australians. With a strong presence…
-
ANZ’s Strong Financial Year 2022 Highlights Home Loan Growth
ANZ has reported a strong financial year 2022, showcasing restored momentum in its Australian home loans sector. The bank’s 2022 Full Year Result & Proposed Final Dividend statement unveiled a 16% increase in statutory profit after tax, reaching $7.1 billion for the year ending 30 September 2022. With a cash profit of $6.5 million and…
-
Australian Lenders Cut Rates Post RBA Decision, Impact on Borrowers
Recent adjustments in home loan rates by several Australian lenders have sparked market changes following the Reserve Bank’s decision to cut the official cash rate by 25 basis points, bringing it down to 4.1%. HP 10BII+ Financial Calculator, Black | $83.86 Within the last week, four lenders have decreased 24 variable rates for owner-occupiers and…
-
Australian Banks Cut Home Loan Rates After RBA’s Decision
Australia’s major banks swiftly reacted to the Reserve Bank of Australia’s decision to reduce interest rates, marking the first rate cut in four years. The “big four” banks – CBA, NAB, Westpac, and ANZ – promptly announced their rate adjustments following the RBA’s public announcement on Tuesday. HP 10BII+ Financial Calculator, Black | $83.86 NAB…
-
Significant Number of Homeowners Adjust Repayments Amid Rate Cuts
In the wake of the May rate cut, recent data from the Commonwealth Bank reveals that a significant number of eligible home loan customers opted to reduce their mortgage repayments. Specifically, one in ten customers chose to adjust their direct debit repayments following the interest rate decrease. The Ultimate Guide for Home Buyers in Australia…
-
Experts Forecast Decline: Relief Ahead for Australian Homeowners in 2025
Interest rates play a crucial role in the financial lives of Australian home loan holders, significantly impacting mortgage repayments. Currently, interest rates in Australia are at their highest levels in over a decade, causing financial strain for many homeowners. Research indicates that a significant portion of home loan holders are facing mortgage stress due to…
-
Major Australian Banks Adjust Home Loan Rates Ahead of RBA Decision
Several major Australian lenders have recently adjusted their home loan rates in anticipation of the Reserve Bank of Australia’s (RBA) upcoming decision. The RBA’s monetary policy board is set to meet to determine the cash rate, with expectations leaning towards a 25 basis point cut. This potential rate adjustment follows a string of economic indicators,…
-
Home Loan Repayment Discrepancy Widens in Australia
Recent data analysis has uncovered a significant discrepancy in home loan repayments among various lenders in Australia. The current gap stands at $2000 per month and is projected to widen further. According to findings by Finder, while many lenders have passed on rate cuts to borrowers after the Reserve Bank of Australia’s adjustments earlier this…
-
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…