Brooke Cooper

Brisbane

Financial Journalist at The Motley Fool (Australia)

Finance journalist at https://t.co/noMlz2Wpyp

Featured in: Favicon

fool.com.au Favicon

medium.com Favicon

msn.com

coinblock.asia Favicon

savings.com.au Favicon

yourmortgage.com.au Favicon

investing.com Favicon

yourinvestmentpropertymag.com.au

Articles

ANZ slashes fixed mortgage rates ahead of RBA decision

1 week ago | yourmortgage.com.au | Brooke Cooper

That sees ANZ advertising some of the lowest rate fixed products out there, though it's still bested by the likes of Macquarie Bank and Bank of Queensland (BoQ). This marks the third time ANZ has cut home loan rates in 2025 – following reductions after the RBA’s February decision and again in March – and the second time it's taken the top off its one year fixed rates. The lowest rate offered to fixing their rate for one year with the bank now stands at 5.49% p.a. (6.84% p.a. comparison rate*).
CommBank cuts lowest variable home loan rate to 5.84%

1 week ago | yourmortgage.com.au | Brooke Cooper

The product's lowest rate was cut by six basis points this week, dropping from 5.90% p.a. to 5.84% p.a. (comparison rate 5.97% p.a.) for borrowers with loan-to-value ratios (LVRs) of 60% or less. CommBank's Digi Home Loan is available only to those applying directly via CommBank's website, with both purchasers and borrowers refinancing new-to-bank loans eligible.
Gamechanger? AMP launches 10-year interest-only home loan

1 week ago | yourmortgage.com.au | Brooke Cooper

Unconventional financing solutions appear to be growing in popularity among homebuyers and investors, but the likes of AMP's new 10-year interest-only mortgage won't be for everyone. The long-term interest-only option launched on Monday and is particularly marketed to retirees and pre-retirees looking to maximise cashflow.
4.99% home loan rate? Here’s who’s offering it now

2 weeks ago | yourmortgage.com.au | Brooke Cooper

If you're in the market for a competitive fixed-rate mortgage, take note: Police Bank is now offering fixed rates as low as 4.99% p.a. – with some slashed by more than a full percentage point on Friday. That's well below Macquarie Bank's 5.19% p.a. two- and three-year fixed rate, which was the lowest in our database just last week. The mutual bank, which aims to support Australian police officers, is open to everyone, not just current or former police members.
What you need to know

2 weeks ago | yourmortgage.com.au | Brooke Cooper

Macquarie Bank has reduced variable home loan rates across several products, offering new rates as low as 5.99% p.a. for property investors making principal and interest repayments. The changes, effective Friday, include cuts of up to 11 basis points on select investor and owner-occupier interest-only loans. These reductions come amid improving economic indicators and a day before federal election polls close.
RBA rate cut tipped as inflation finally cools

2 weeks ago | yourmortgage.com.au | Brooke Cooper

Good news for mortgage holders: Australia’s inflation rate has finally dropped back into the Reserve Bank of Australia’s (RBA) target range – a milestone that could all but lock in a May cash rate cut. "Trimmed mean annual inflation was 2.9% in the March quarter, down from 3.3% in the December quarter," Australian Bureau of Statistics acting head of prices statistics Leigh Merrington said.
Should home loan interest be tax-deductible in Australia?

3 weeks ago | yourmortgage.com.au | Brooke Cooper

Maybe you've heard of the United States' Home Mortgage Interest Deduction, wondered how negative gearing works, or just caught wind of the Coalition's election pitch. No matter why the topic came across your desk, it's one that's worthy of exploration. It's also the question I was challenged to answer on ABC Radio Adelaide's Producer's Challenge – a segment where producers have just an hour to find an expert to answer a listener's query.
Westpac, Bankwest, & Bendigo Bank make major mortgage moves

1 month ago | yourmortgage.com.au | Brooke Cooper

Tax deductible mortgage repayments, 5% deposits across the board, and 100,000 dedicated dwellings. That's what's being promised to first home buyers in the lead-up to the 3 May election. Let's break them down in the order they're listed above. The tax deduction policy is being offered by the Coalition. It plans to allow those entering the property market for the first time by buying or building a new home to deduct their interest costs on up to $650,000 of a home loan from their taxable income.
Westpac cuts offset home loan rates by more than 1%

1 month ago | yourmortgage.com.au | Brooke Cooper

Westpac has unveiled rates starting from 6.14% p.a. on its packaged Rocket Repay Home Loan, cutting more than a full percentage point from the previous rate. The product includes an offset account and charges a $395 annual package fee. Both owner–occupier and investor loans were affected in what marks the first round of cuts to Westpac's packaged variable rates since it dropped those on its basic Flexi First Option loan for refinancers in March.
NAB joins rate race with new 5.39% fixed deal

1 month ago | yourmortgage.com.au | Brooke Cooper

NAB dropped a bombshell on Friday morning, cutting fixed home loan rates for both owner-occupiers and investors – with new rates starting from 5.39% p.a. That's among the most competitive fixed rates on the market – a rare position to find a major lender. The announcement follows NAB's bold forecast, in which the bank predicted a 50 basis point rate cut from the Reserve Bank of Australia (RBA) in May – a call well outside the current consensus.