Home Loan News

Some of the best home loans in December 2022

The Reserve Bank of Australia (RBA) has raised the cash rate for the last time in 2022, though more rate rises could follow in 2023. As Australians strap in for the post-holiday financial hangover, it’s important to check if your home loan is a good fit for your evolving financial situation.

Another 0.25% RBA hike likely tomorrow – how high could repayments go?

The Reserve Bank is tipped to hike the cash rate again tomorrow by 0.25 percentage points, taking it to 3.10 per cent – the highest rate in over a decade.

ANZ cuts new customer variable rates as existing borrowers face 8th hike in 8 months

ANZ has today cut the rates on its basic home loan for new customers, as existing variable borrowers face their eighth hike in as many months.

Some of the best home loans for investors and refinancers in November 2022

The interest rate rises announced following the Reserve Bank of Australia’s (RBA’s) November 2022 meeting have come into effect. While new lending has reportedly plummeted, with the year’s combined rate rises knocking $214k off the average home loan budget, existing homeowners and investors could find themselves in a position to refinance to a mortgage that offers greater value for their financial situation.

Some of the best home loans in November 2022

The November 2022 meeting of the Reserve Bank of Australia (RBA) Board saw the national cash rate increase by 25 basis points, bringing it to 2.85% - the highest level since April 2013. And with inflation now expected to peak at 8 per cent by the end of 2022, the RBA has indicated that more rate hikes are coming. 

Another 50bps rate hike? What to expect from the RBA November meeting

Three of the big four banks are predicting another 25 basis point cash rate hike on Tuesday at the Reserve Bank of Australia’s next Board meeting to set the cash rate.

7 key budget announcements and how they'll affect your finances

The budget outlines the financial approach the government will take to secure Australia’s economic future. Despite fears of a looming global recession, there are some interesting and potentially positive announcements to be drawn from Labor’s first federal budget since 2013/14.

Some of the best home loans for investors and refinancers in October 2022

Australia’s Big Four banks quickly announced that they would be passing on the October 2022 cash rate hike set by the RBA on to their customers. With more of these rises coming into effect and affecting Australian household budgets, investors and refinancers may want to look beyond interest rates and also consider other features and benefits when comparing home loans.

80% of Australian property markets in decline – what does this mean for your mortgage?

Property values across the nation are falling, with a new report showing that almost 80% of Australia’s house and unit markets are now in decline. Combined with the cost of living and rising interest rates, how could these falling values affect your mortgage?