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Latest News

Latest News

Fixed mortgage rates surge as confidence slumps

Fixed mortgage rates have been edging higher while variable rate changes remain uneven, squeezing borrowing capacity for first-home buyers and property investors alike. Canstar's latest Weekly Rate Wrap-up points to a thinner pool of sharp deals and a more challenging environment for refinancing and new lending. The pressure is most visible at the lower end of the market. There are now 89 home loan rates below 5.75% on Canstar's database, down from 101 the week before, reducing the chances of substantially cutting repayments by switching.

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Construction prices jump

Clients and brokers face a tougher environment pricing construction loans, with new figures showing geopolitical conflict is adding fresh pressure to build costs.

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Lender of the month Bankwest

Whether you're buying for owner occupation, investing or considering refinancing Bankwest have some good options. 100% multiple offset accounts, unlimited additional repayments and redraw, flexibility to split your loan amount between a variable rate and a fixed rate.

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Westpac drops rate bombshell

Westpac has sharply revised its interest rate outlook, warning that a deeper energy shock from the Middle East conflict will force the Reserve Bank of Australia (RBA) into a more aggressive tightening cycle.

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