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House-and-land incentive and discounts from $5,000 to $126,000
Builders and developers have begun 2013 with a range of financial incentives and discounts on new homes and house-and-land packages aimed at enticing ... Read More -
RBA delivers some Christmas cheer to home borrowers with December rate cut
The Reserve Bank has cut the cash rate to 3% today, as tipped by most economists. The new setting is the lowest the cash rate has been since a period... Read More -
Steady on: RBA leaves the cash rate at 3.25% on Melbourne Cup Day
The Reserve Bank board has stalled at the starting gate leaving the cash rate unchanged at 3.25% on Melbourne Cup Day. This is the first time in seve... Read More -
Two-thirds of borrowers open to switching lenders for better deal: Ernst & Young
Two-thirds of borrowers who have a mortgage with a bank believe they could be getting a better mortgage deal by refinancing with a new lender, accordi... Read More -
Loans.com.au cuts standard variable offering to 5.46%: A guide to the lowest home loans in 44 years
Online lender loans.com.au has cut the variable rate of its ‘Dream Catcher’ home loan by 19 basis points to 5.46% and says it is offering the lowest s... Read More -
Just six out of 41 lenders have passed on full rate cut: Ratecity.com.au
Only six out of 41 lenders have passed on the full 25 basis points October RBA cash rate cut to their borrowers, according to analysis by mortgage com... Read More -
RAMS joins St George and Westpac by cutting fixed rates
Mortgage franchise RAMS has cut its suite of fixed-rate mortgage products, joining parent bank Westpac and fellow subsidiary St.George to announce fix... Read More -
Bankmecu puts major banks in the shade as just four out of 13 lenders pass on full rate cut: Ratecity.com.au
Only four out of the 13 lenders that have announced interest rate reductions since the October 2 RBA cash rate cut have passed on the full 25 basis po... Read More -
Smaller lenders offer borrower satisfaction as major banks withhold part of rate cut
Westpac, Commonwealth Bank and NAB have asked for understanding following their decision not to pass on the full October 2 rate cut to borrowers. Sym... Read More -
The eight lenders that have cut variable mortgage rates since the RBA's August meeting
While the RBA held firm on the cash rate in August and September, eight lenders on the RateCity.com.au database have reduced interest rates on a total... Read More -
Westpac undercuts major rivals with fixed rate cut
Westpac has become the latest mortgage lender to cut its fixed-rate mortgage rates as the battle continues to attract and lock in cautious borrowers i... Read More -
RBA decision to keep rates on hold influenced by improving capital city home values: RP Data’s Tim Lawless
The Reserve Bank board would have taken into account the improvement in capital city housing markets over the past two months in deciding to keep rate... Read More -
CUA cuts three-year fixed rate to 5.73%, undercutting big four banks
CUA, Australia’s biggest credit union, has cut its fixed-rate products below that of the big four banks on the back of an advertising campaign urging ... Read More -
RBA cash rate could have been around 5% if banks had passed on full rate cuts: Philip Lowe
Reserve Bank deputy governor Philip Lowe returned to theme of higher funding costs pushing up bank lending rates at a speech in Sydney today. Lowe pr... Read More -
Fixed-rate mortgage discounts diminishing as variable rates play catch-up: RateCity
The discount on the standard variable rate that lenders have been willing to offer borrowers to entice them to fix their home loans has been shrinking... Read More -
Decision to cut rates by 25 basis points will help spending and lift spirits: Mortgage Choice, RateCity.com.au
Mortgage Choice says today’s 25-basis-point rate cut was expected following a “somewhat subdued reaction to last month’s 50-basis-point rate cut, soft... Read More -
May rate cut failing to stimulate mortgage demand: Loan Market
The Reserve Bank has presented the carrot, but few borrowers appear to be biting, according to mortgage enquiry figures from mortgage broker Loan Mark... Read More -
Mortgage refinancing at four-year high as non-major bank lenders pick up market share: ABS
Nearly 18,000 borrowers refinanced their home loans in March, the biggest number of refinanced home loans in one month since April 2008, according to ... Read More -
First Jerry Seinfeld, now Greater Building Society claims cheapest three-year fixed-rate loan
Newcastle-based lender the Greater Building Society, perhaps most famous for getting Jerry Seinfeld to do its advertising, can now also claim to have ... Read More -
Fixed-rate mortgage demand reaches four-year high: ABS
Demand for fixed-rate mortgages soared to a four-year high in March as customers took advantage of an extremely competitive market and low fixed rates... Read More
