Tag: home loans
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ANZ Leads Rate Cuts in Competitive Mortgage Market
ANZ has recently made significant reductions in its fixed mortgage rates for both owner-occupiers and investors, just ahead of the Reserve Bank of Australia’s upcoming monetary policy announcement. The bank has lowered its fixed rates by up to 0.40 percentage points for owner-occupiers and up to 0.45 percentage points for investors. This move positions ANZ…
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ANZ Group’s Flat Earnings Amid Competition Pressure and Global Trade Risks
Australia’s ANZ Group reported flat first-half cash earnings amid competition pressure and rising impairments. The bank’s CEO mentioned that market realignment is expected due to global trade risks, affecting trade flows and customer strategies. Despite a slight increase in profit to A$3.57 billion, ANZ’s shares fell by 2% as competition for cheaper home loans intensified.…
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Brisbane Ranks 2nd Globally in Cost of Living Index Due to Ultra-Cheap Public Transport
Brisbane, the Australian city known for its affordability, has made headlines by securing the second spot in the global Cost of Living Index. The city’s public transport fares, priced at a mere 50 cents per trip, have played a significant role in elevating its ranking. This achievement marks the second consecutive year that Brisbane has…
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Coalition’s Plan to Relax Lending Rules Sparks Debate on Housing Market
The Coalition’s election promise to relax lending rules could have significant implications for the housing market, potentially leading to larger home loans and increased house prices. Currently, banks are required to apply a 3 per cent serviceability buffer when assessing borrowers’ capacity, ensuring they can afford repayments both now and in the future without facing…