Top 10 Mortgages June 2018

Top 10 Mortgages

Each month we sift through home loan information from the various comparison websites – Canstar, Finder, Mozo and RateCity and aggregate a list of the most competitive mortgage products based on Interest Rates and Fees and establish top 10 home loans tables for Australia.

The following table is just a snapshot of the lowest home loan rate products currently available in the marketplace. You can link to each of the monthly tables and it also expands to a full list of the top 10 mortgages by product category with their interest rates and fees.

Best Mortgages for the Month

Residential Home Loans
Variable Rate Reduce Home Loan 3.39%
1 Year Fixed Rate Greater Bank 3.49%
2 Year Fixed Rate Queensland Country 3.65%
3 Year Fixed Rate MOVE 3.69%
5 Year Fixed Rate Suncorp,Greater 3.99%
Investment Property Loans
Variable Rate Reduce Home Loan 3.74%
1 Year Fixed Rate Switzer 3.82%
2 Year Fixed Rate Queensland Country 3.65%
3 Year Fixed Rate Switzer 3.92%
5 Year Fixed Rate Newcastle Permanent 4.24%
Source: RateCity & Compiled MoneyAction as at Feb 5 2018

FAQ for Mortgages

  • Where will interest rates go next year?

    Where will interest rates go next year?

    Ross Greenwood speaks to Westpac Chief Economist, Bill Evans, about the latest retail figures, and where interest rates are headed in 2018 Introduction: Where will interest rates go next year? Ross Greenwood:  The Reserve Bank left interest rates on hold at 1.50% in December, no surprise there whatsoever. Now, the surprise is what happens next because […]Read More »
  • Why rates won’t move for two years

    Why rates won’t move for two years

    Ross Greenwood speaks to Bill Evans, Chief Economist at Westpac, about why he thinks rates won’t move for two years, and his outlook on inflation. Why rates won’t move for two years Ross Greenwood: Yes, welcome back to Money News right around the country. Great to have your company. On a Friday, what happens is Bloomberg […]Read More »
  • Will Australia retain its AAA credit rating? Marie Diron Moody’s

    Will Australia retain its AAA credit rating? Marie Diron Moody’s

    Marie Diron from Moody’s Investors Service talks about what needs to happen in the budget, for Australia to retain its AAA credit rating Introduction Will Australia retain its AAA credit rating? Ross: The most important part of the budget in many ways tonight, is what happens with the credit rating. Do bear in mind that […]Read More »
  • What impact will a Royal Commission have on the banks?

    What impact will a Royal Commission have on the banks?

    Ross Greenwood speaks to Sharid Jain from S&P Global Ratings about what impact a royal commission have on the banks’ credit ratings Introduction: What impact will a Royal Commission have on the banks? Ross Greenwood: Welcome back to Monday news right around the country. I keep remembering what John Howard said about a royal commission into […]Read More »
  • Why are Big Four Banks in the ACCC’s sights?

    Why are Big Four Banks in the ACCC’s sights?

    Ross Greenwood speaks to Chairman of the ACCC, Rod Sims, regarding their agenda for 2018 and the big four banks are at the top of the list. Introduction: Why are Big Four Banks in the ACCC’s sights? Ross Greenwood:  I want to take to something also that’s important to your hip pocket and that is the work of […]Read More »

You can also listen to Ross Greenwood ‘s interviews with industry experts. Most interviews are transcribed and you can search for some of the Who, What, Why and How questions. A recent summary of Home Loan related questions like:

Recommended

FAQ Banking

FAQ Property

How do I replace house price numbers today? Listen or read the transcript of this  interview with Tim Lawless, CoreLogic under the title of ”Property gains over the second quarter of 2017 is losing steam”.

How do you improve affordability? Listen or read the transcript of this  interview with Saul Eslake, Vice Chancellor and Fellow at University of Tasmania under the title of ”Negative Gearing Reform – Saul Eslake”.

How do you retire if you don’t have a house? Listen or read the transcript of this  conversation with Dr Martin Fahy, CEO ASFA under the heading of ”Housing Affordability and Superannuation”.

What to do with their houses? Listen to the interview or read this transcript of Louis Christopher, SQM Research   under the heading ”Cut immigration to cool the housing market”.

How to get budgets back into balance ? Hear or read the transcript of this  interview with John Key, Former New Zealand Prime Minister under the title of ”John Key – Bank Levy, Budget and Housing Affordability”.

What can they actually afford? Hear or read the transcript of this  conversation with Peter Kell, Deputy Chairman, ASIC under the heading of ”ASIC cracks down on interest-only loans”.

What happens in the Australian housing market ? Read the transcript or listen to this interview with Lindsay David, Founder, LF Economics – article posted as ”Housing:  The Ultimate Ponzi Scheme ”.

What happens is they start to raise rates ? Hear or read the transcript of this  interview with Helena Chang, Vice President, Moody’s Investors Services under the heading of”Housing Affordability gets worse – Alena Chen Moody’s”.

What if a hard working person reasonably wants to get into the housing market? Hear or read the transcript of this  interview with Gladys Berejiklian, Premier NSW under the title of ”NSW Premier Gladys Berejiklian – Housing Affordability Package”.

What is driving the deterioration is housing prices? Read the transcript or listen to this discussion with Helena Chang, Vice President, Moody’s Investors Services under the title of ”Housing Affordability gets worse – Alena Chen Moody’s”.

Where does the pressure come from ? Listen or read the transcript of this  interview with Paul Bloxham, Chief Economist of HSBC Australia under the title of ”Housing market not in a bubble”.

Who can get a long term lease and so very few tenants ? Listen or read the transcript of this  interview with John Daley, CEO of the Grattan Institute under the heading of ”Housing affordability Gratton Insititute”.

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