Tag: mortgage rate comparison
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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…
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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…
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Australia’s 3.49% Home Loan Rate Revolutionizes Housing Market
Australia’s cheapest home loan rate of 3.49% is making waves in the housing market, offering potential savings of $24,000 over two years for borrowers. This unprecedented rate is a result of a collaboration between Burbank, a major building group, and YourLand Developments, aiming to address the nation’s housing crisis by incentivizing home construction in select…
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Australian Lenders Slash Rates, Reshaping Housing Market Landscape
Fifteen Australian lenders have recently slashed variable rates, adding to the February cash rate cut, in a bid to stay competitive in the mortgage market as the Reserve Bank of Australia (RBA) gears up for its upcoming meeting. The housing market landscape is being reshaped by these rate adjustments, with potential impacts on property prices…