Home loan news and advice

Australian property investors have likely been keeping tabs on the rental market of late, as more people begin to arrive into Australia from overseas.

Ever been so unpopular you straight up took yourself off the market? Turns out this was the case for a startling number of sellers this week, with nearly one in five Sydney properties withdrawn against a middling success rate of only 62%.

Home ownership rates have been falling for decades, especially among younger and poorer Australians. And the latest property boom has made the prospect of buying a home seem even more distant for many.

Ubank, an Australian direct bank owned by National Australia Bank (NAB), today unveiled a new look following their absorption of neobank 86 400.

Commonwealth Bank has been in our headlines a lot lately, from their new green home offer to variable rate hikes. Fortunately, today’s news is good. CommBank has just debuted Australia’s first digital home loan with a discount that increases every year up to 30 years. Count us intrigued…

It’s easy to get caught up in the moment. A rise in the Reserve Bank’s official cash rate dominated industry news last week, with much of the chatter hinging on how this will impact variable interest home loans – and by extension, repayments.

Following the RBA’s decision to increase the cash rate by 25 basis points to 0.35%, many banks have begun to increase their variable home loan rates.

The Reserve Bank’s first official rate rise in over 11 years has galvanised Australia’s home borrowers into action, with thousands flocking to comparison sites in recent days to hunt out bargain home loan deals.

Online lender Nano, a two-time award winner in this year’s Mozo Experts Choice Awards, has extended its refinance home loan product to include new purchases.

After keeping rates anchored at 0.1% for more than a year, the Reserve Bank of Australia has finally begun unwinding its pandemic-era cuts. This month’s 25 basis point increase is expected to be the first of many, but just how high are interest rates set to rise?