Category Archives: Blog

WE’VE SLASHED INTEREST RATES FOLLOWING TODAY’S RBA ANNOUNCEMENT

RBA Announcement Rate Cut to all time low of 1.25%

Reduce is offering the full 0.25% drop The RBA announced a 0.25% interest rate cut to the cash rate today to an all-time low, and Reduce is following the decision with the maximum 0.25% rate cut, providing its customers with rates as low as 3.19% Variable. We are acting quickly and applying the rate drop immediately, […]

Millennials are making the housing downturn work in their favour

Millennials using housing downturn in their favour

Australia is experiencing one of the steepest housing downturns since the 2007 global financial crisis, where property prices fell by as much as 5%. Yet after peaking in October 2017, house prices have dropped once more, with a 6.1% reduction in value across the country’s major capital cities. While this market dip isn’t exactly welcome news […]

2019 Pre-Election Budget

2019 Pre-Election Budget Released

How will the proposed 2019 Budgets affect home owners and investors? Last week, Scott Morrison and Bill Shorten released their proposed budgets following the national election on May 18 2019. Many topics including infrastructure, employment and health services were addressed, which covered the news headlines. Housing affordability plans and assistance schemes were given mention by […]

Reduce Home Loans Awarded Mozo Experts Choice 2019

Reduce Home Loans awarded Mozo's Experts Choice 2019

This year Mozo compared 436 home loans across 85 bank and non-bank lenders to recognise the best value loans in the market for 2019. The awards were announced on March 21. Reduce Home Loans came out amongst the top, awarded Experts Choice Award across 5 Owner Occupied categories:   Find out more about how Mozo […]

Awarded Canstar 5-Stars for Outstanding Value 2019

Canstar 5 star awards for outstanding value 2019

Yesterday (March 20, 2019) Canstar announced their latest star ratings for the Home Loans category. Big Banks were not included in Canstar’s best home loan deals. For the 5th year in a row, Reduce Home Loans has been awarded 5 Stars for Outstanding Value – this time across three home loan categories. Reduce Home Loans was […]

How relevant is the Cash Rate, anyway?

Does the cash rate affect mortgage rates as much as we think?

On Tuesday (05 March) the Reserve Bank of Australia (RBA) held its monthly monetary policy meeting. The RBA elected to hold the official cash rate at a record low of 1.5% for the 36th consecutive month. The last cash rate change was in RBA’s August 2016 monetary policy meeting; a cut of 25 Base Points […]

March is Epilepsy Awareness Month

epilepsy scan

This month, Reduce Home Loans will be showing our support to those diagnosed with epilepsy. March is Epilepsy Awareness Month, an initiative supported by Epilepsy Australia where members of the public can engage in fundraising activities, donating and show support families affected by the disorder. What is epilepsy? Epilepsy is a common brain function disorder […]

You’re Missing Out on $60000

Australia's Cheapest Home Loan

  Switch from the Banks and Save Effie Zahos, Editor of Money magazine appeared on The Today Show this morning, offering helpful advice for Australians. This follows uncertainty after the Royal Commission (RC) report was released on Monday 11 February 2019. “With the average home loan rate at 4.37%, it makes sense to make the […]

Rise of Online Lenders

online lenders

Rate Hikes Pushes People to Online Lenders Due to hiked variable rates from the three of the big four banks, many homeowners are pushed to go to challenger lenders such as Reduce Home Loans to be able to keep up with their budget. “Online lenders have been giving the big banks a run for their […]