The Reserve Bank of Australia (RBA) is in charge of Australia’s monetary policy, meaning the central bank monitors the economy's highs and lows and adjusts policy to improve stability.
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With inflation showing signs of moderating, the Reserve Bank of Australia (RBA) has delivered its first rate cut down to 4.10% after holding the cash rate at 4.35% since November 2023.
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Interest rate cuts are on everybody’s mind, but the property and home loan markets never stop. So how can both homebuyers and homeowners get a clearer picture of what’s happening right now?
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It’s race day, and Aussies across the nation are placing bets on the Melbourne Cup hoping to pick a winner and pocket some winnings. But, if you’re after a more odds-on favourite way for your bank balance to gallop ahead, we’ve rounded up the field of some of the nation's best savings and home loans from the Mozo Experts Choice Awards for you to pick from!
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The majority of Australian mortgage holders are waiting with bated breath for the first cash rate decision of 2025, with hopes hinged on a February cut.
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The majority of Australian renters have all but given up on saving for a house deposit, for reasons that should surprise no one.
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For most Australians, taking out a home loan will be the biggest financial decision they can expect to make. As property prices rise over time, homebuyers must borrow more and more to enter the housing market and save up more and more for that critical first home loan deposit.
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This article has been updated to reflect Domain's September 2024 Rental Report , as well as data collected for the 2024 Mozo rental report .
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Caught between high interest rates, a booming property market, and the cost of living crisis, the majority of homeowners in Australia are feeling the heat from their home loans.
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Aussie borrowers looking to save big on their home loans may find that switching to a leading digital lender could be a financial game-changer. According to Mozo’s latest analysis, mortgage holders sticking with the big four banks- could be paying up to $83,619^ more over the life of their loan compared to those who switch to a digital lender*. That’s right, close to $80,000 just for being loyal.
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