
CommBank follows suit in Big Four home loan rate cuts
Commonwealth Bank has cut interest rates across its fixed and variable rate home loans for new customers by up to 0.70% p.a.
Commonwealth Bank has cut interest rates across its fixed and variable rate home loans for new customers by up to 0.70% p.a.
Westpac has cut select fixed rate home loans by 0.80% p.a., making it the second Big Four bank to pull back on its fixed interest rates in the past month.
The Mozo database recorded some significant cuts to one of Macquarie’s fixed rate home loan offerings.
Total property supply is at its highest level across the combined Australian capitals for the month of July, according to the latest data from Domain.
More and more Australians are turning away from traditional pathways to homeownership in favour of ‘rentvesting’ – buying an investment property as their first home purchase, whilst continuing to rent.
The Reserve Bank of Australia (RBA) has today held the official cash rate at 4.35% after the Consumer Price Index (CPI) recorded a slight drop in trimmed mean inflation over the June quarter of 2024.
There may be no 2020 RBA cut just yet, but one Aussie online lender isn’t wasting any time. Well Home Loans has swept its competitors aside with two surprise rate slashes that now make its fixed and variable home loans some of the best in the market.
Today, NAB cut its 3-year fixed rate home loan by 0.60%, marking the first time a Big Four bank has shifted fixed rates since the Reserve Bank of Australia (RBA) hiked the cash rate to 4.35% in November 2023.
The number of new homes to be built in Australia rose in May, though approvals were mostly for units, based on the latest data from the Australian Bureau of Statistics (ABS).
Newcastle Permanent has cut the interest rate on select variable rate home loans by up to 0.10% p.a., with its Real Deal Home Loan (LVR <80%) dropping to 6.09% p.a. (6.13% p.a. comparison rate*).