Your Mortgage Australia

Your Mortgage stands out as one of Australia's top independent websites for comparing home loans, offering access to over 1,400 loan products from more than 80 financial institutions. Since its inception in 1995, our mission has been to empower Australians to make better financial choices, helping them discover the perfect home or investment loan that suits their needs. Brought to you by the Savings Media Group, Your Mortgage stays updated with the latest news in the home loan and real estate markets. Whether you are purchasing your first home or planning to downsize in retirement, we provide a wide array of resources, including home loan guides, mortgage calculators, and direct connections to mortgage brokers. Stay in the loop with the most recent updates from Your Mortgage by subscribing to our weekly newsletter and following us on Facebook, Twitter, and YouTube.

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Where lenders are cutting rates now

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

The final home loan rate cuts spurred by the Reserve Bank of Australia's (RBA) 20 May cash rate drop appear to have been passed on. La Trobe Financial was among the slowest movers, passing savings onto most home loan borrowers from 16 June. Interestingly, no lender appears to have refused to pass on the RBA's cut to their broader mortgage book – leaving Virgin Money alone in having done so so far this cycle.
Investor mortgage rates just got lower at CommBank & Unloan

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

Among those moving this week were BCU Bank, P&N Bank, and Beyond Bank, while CommBank and its digital lending brand Unloan dropped surprise variable rate cuts. Their moves sees them advertising some of the lowest variable interest rates for property investors in the Your Mortgage database.
Are big banks breaking up with mortgage brokers?

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

The vast majority of Australian home loan holders turn to the services of mortgage brokers, but the nation's largest lenders may be taking a step back from the service providers and towards digital-only mortgage channels. The big four banks appear to be accelerating their push toward direct-to-consumer lending. Moving away from what S&P Global Ratings calls a "love-hate relationship" with brokers has the potential to benefit borrowers, according to the ratings agency’s latest report.
QLD's $30,000 first home grant extended: Will it help?

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

The Queensland Government has extended its $30,000 first home owner grant – previously set to fall to $15,000 in a matter of weeks – for another 12 months. The grant is available to those building or buying a new home with a total value of less than $750,000. Initially boosted from $15,000 to $30,000 in November 2023, it was expected to assist around 12,000 first home buyers before expiring on 30 June.
Westpac, ING, & more slash mortgage rates: The breakdown

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

Westpac was the last of the major lenders to lower mortgage rates following the Reserve Bank's May decision, unveiling variable rates as low as 5.59% p.a. (5.60% p.a. comparison rate*). But it wasn't alone. Several small and mid-tier lenders – including ING – also reduced their home loan rates, with some now advertising variable rates as low as 5.43%. Bank Australia, meanwhile, continues to lead the market with its green-focused home loan rate.
What’s on offer for refinancers & buyers

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

The RBA cut the cash rate by 25 basis points on 20 May and so far no lender has refused to pass the savings onto customers. While CommBank, NAB, and ANZ slashed variable rate home loan products this week, smaller lenders have also responded, offering variable rates as low as 5.34% p.a.See also: When will Westpac pass the RBA rate cut onto home loan holders? So, what can homebuyers, refinancers, and investors expect when perusing the market?
When will NAB drop home loan rates following RBA cut?

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

The bank will reduce its variable home loan rates by 25 basis points following the RBA's decision to lower the cash rate to 3.85% at its May meeting. This adjustment aligns with NAB's longstanding policy of implementing rate changes 10 days after the RBA's announcement – a practice upheld since 2017, regardless of whether rates are increasing or decreasing.
RBA delivers second rate cut, cash rate 3.85%

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

The Reserve Bank of Australia (RBA) has delivered its second rate cut of the cycle, slashing the cash rate by 25 basis points to 3.85%, as was largely expected. The move is expected to bring fresh relief to mortgage holders and hopeful buyers alike. Borrowing power could also be boosted for those looking for their first mortgage, considering a home upgrade, or investing.
RBA to cut tomorrow, but don’t expect a flood of relief: Experts

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

The central bank's monetary policy board entered its May meeting on Monday morning, with its decision – largely expected to be a 25 basis point cut – to be announced at 2:30pm AEST Tuesday. That would bring the cash rate to 3.85% – down from the 4.35% peak held between November 2023 and February 2025. Some forecasters, including those at NAB, are predicting the RBA to go even further, cutting by 50 basis points on Tuesday to 3.60%.
One less rate cut? ANZ changes RBA forecast for 2025

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

Home loan holders might realise one less cut in 2025 than previously predicted, according to ANZ's latest outlook. ANZ bins forecast for July rate cutThe smallest of the big four banks previously anticipated the Reserve Bank of Australia (RBA) would cut the cash rate by 25 basis points in May, July, and August. That would have seen it end the year at 3.35% - a full percentage point lower than it closed 2024.