Wealth Package News Today

Cashback offers, big rate discounts and special low variable rates were withdrawn or adjusted by a number of lenders in June, as mortgage providers shifted their focus from market share to margin preservation.

A beachside town two hours drive from Adelaide is so affordable houses cost just $60,000. For those wanting to live in a big city, units in an elite part of Perth typically cost just $350,000.

CBA's Wealth Package loan rate for new customers sees fourth hike in three months, aligning with RBA adjustments

The Commonwealth Bank, Australias biggest home lender, has slashed mortgage rates - despite predictions the Reserve Bank will inflict more pain on borrowers in 2022 and 2023 as inflation soars.

But the offer is only available for new customers with big deposits

The major bank has followed the recent trend set by lenders outside the big four, unveiling a new product for sustainable residential properties. The Commonwealth Bank of Australia (CBA) has expanded

Commonwealth Bank has announced the Green Home Offer, providing eligible home loan customers with access to a low standard variable rate if their home meets certain sustainability and energy efficient criteria.

However, borrowers are unlikely to meet the purposefully meticulous criteria, expert says

In this month's home loan snapshot we review recent fixed and variable rate changes from ANZ, CBA and NAB and take a look at some of the lowest and average rates in the Mozo database.