Home Loan News

More banks starting 2019 with interest rate changes

Bank Australia has increased the interest rate on its basic home loan by 10 basis points.

Bank of Queensland kicks off rate hikes for 2019

Bank of Queensland is the first bank to officially hike home loan rates out of cycle in 2019. Today’s announcement affects a range of BOQ variable rate loans including their Economy Variable Home Loan which is increasing by 0.11 per cent for new and existing customers.

Confidence in property industry at low point

A survey has found that at the end of 2018 confidence in Australia’s property industry fell to its lowest level in five years.

Australian vacancy rate up alongside house rental prices

Across Australia, the number of rental vacancies is on the increase, which is good news for those looking for a home. The prices, however, might be up, too.

APRA calls time out on the interest only cap in a bid to breathe life back into home lending

APRA’s announcement today that it will remove its temporary benchmark on interest-only lending from 1 January 2019 is a bid to steady the home loan market, says comparison site RateCity.com.au.

Australia's housing price fall is the biggest in seven years

Seven is a lucky number for some, but not for Australia’s housing market, where the fall in home prices has been the largest in seven years.

Bank rates around the world start to rise as the RBA holds firmly in neutral

The RBA has today held the cash rate at 1.50 per cent for the last meeting of 2018, with potential for the pattern to be repeated in 2019.

AMP Bank changes fixed home loan rates

AMP Bank has joined other Australian lenders in adjusting its interest rates, slashing fixed rates on selected home loans, while raising others.

Bankwest cut mortgage rates for investors

Bankwest has cut investment mortgage rates across its fixed and variable home loans, including both principal and interest and interest only home loans.

Australian housing prices continue down, but regional offers hope

Australia�۪s biggest cities reported another drop in housing prices in October, as home values fell once more.