Tag: home loan news

Amidst skyrocketing rental costs, the debate intensifies on whether purchasing a home is a more viable option. Recent data from Proptrack reveals a concerning trend where households with median incomes are finding it increasingly challenging to afford rental properties, marking the lowest affordability levels in nearly two decades. The surge in rental prices has far…

The recent announcement by Treasurer Jim Chalmers, along with Housing Minister Clare O’Neil, Education Minister Jason Clare, and Assistant Treasurer Stephen Jones, has brought welcome news for Australians burdened with student loan debts. The government has initiated a significant shift in regulations concerning home loans, particularly focusing on Higher Education Loan Program (HELP) debts, including…

In March 2025, Australian homeowners have received positive news in the form of rate cuts on home loans. Following the Reserve Bank of Australia’s decision to lower interest rates, several major lenders, including the Big Four banks, have announced reductions in rates. For those with variable-rate home loans, this means potential relief with decreased monthly…

In Melbourne, first-time homebuyers are striking a delicate balance between managing their mortgages and saving for their upcoming wedding. Tiana and Jesse, a young couple in Melbourne, recently took the plunge into homeownership by purchasing their first property and are now gearing up for their wedding next year. Their long-term goal includes acquiring multiple homes…

Record High Home Loan Borrowing Across Australia, Except Victoria In a trend sweeping across Australia, home loan borrowing has surged to unprecedented levels, setting record averages in most regions, with one notable exception being Victoria. Recent data reveals a significant spike in the average new loan size for owner-occupiers nationwide, reaching a record high. The…

National Australia Bank (NAB) has recently announced a reduction in its standard variable home loan interest rate by 0.25%, scheduled to take effect from 28th February. This decision comes in response to the Reserve Bank of Australia’s (RBA) similar reduction in the cash rate by 0.25%. Ana Marinkovic, NAB Group Executive of Personal Bank, expressed…

Australian homeowners are experiencing a positive shift in their financial landscape as various lenders, including major banks, have recently announced reductions in home loan rates. This follows a decision by the Reserve Bank of Australia to lower interest rates, providing relief to many mortgage holders. For those with variable-rate loans, the rate cuts translate into…

Following a recent decision by the Reserve Bank of Australia to reduce the official cash rate by 25 basis points, the impact on savings rates has become a topic of concern for many savers. While home loan borrowers have quickly seen the benefits of lower interest rates, savers are facing a different scenario with diminishing…

Following the recent interest rate cut by the Reserve Bank of Australia (RBA), banks have swiftly responded by reducing home loan rates, impacting savers in various ways. While mortgage customers have been promptly informed of rate decreases, the adjustment to savings rates has been less transparent, leaving savers with diminished returns on their deposits. A…

In recent Home Loan News, following the Reserve Bank of Australia’s (RBA) rate cut in February 2025, there has been a delay in banks passing on the cuts to their customers. While major banks like Commonwealth Bank, ANZ, NAB, and Westpac swiftly implemented the full 25-point reduction, smaller lenders such as FreedomLend, Mortgage House, and…