
Gateway Bank cuts regular and green home loan rates
Gateway Bank announced new rate cuts to some of their variable interest rate home loans.

Gateway Bank announced new rate cuts to some of their variable interest rate home loans.

Westpac has become the latest lender to lift interest rates on a number of its fixed home loans after announcing a 10 basis point increase yesterday.

Two of Australia’s largest lenders, Commonwealth Bank and ING, have joined the growing list of lenders which have recently reduced variable home loan rates after announcing cuts last Friday.

As anyone who has recently walked around their neighbourhood will be able to attest to, there seems to be no shortage of home renovations going on at the moment. At least, the number of utes parked in streets and scaffolding on houses would point towards that.


The Australian Prudential Regulation Authority (APRA) is currently weighing up strategies to cool down the nation’s housing market, citing concerns about growing risks to the economy.

Due to the growing environmental concerns, lenders have been launching green loans to help customers make their homes more energy-efficient and eco-friendly.

In the year to August, CoreLogic estimates there have been 598,000 house and unit sales across Australia.

Australian homeowners want to see change to the two-tier system in which many lenders prioritise new mortgage customers over old by way of lower interest rates.

Western Australian-based P&N Bank has joined a growing list of Australian lenders offering extra incentives to home loan customers with the launch of a new cashback offer.