<a href="https://www.apartments.com.au/developers/sunland-group">Sunland Group</a> has officially lodged plans for its first Gold Coast apartment project since the departure of the Abedian family from the company three years ago, unveiling a new high-rise proposal for a prominent Broadbeach corner site on Old Burleigh Road.

The application was submitted by an entity directed by Tom Jamieson, stepson of longtime Sunland leader Soheil Abedian, and Riaz Rezvanipour, brother-in-law of Sahba Abedian, Soheil’s son.

Sunland acquired the 1,283 sqm site on the corner of Old Burleigh Road and Armrick Avenue for $9.5 million late last year and is now seeking approval for a <a href="https://www.apartments.com.au/new-apartments/99-101-old-burleigh-road-broadbeach-qld-4218">42-storey tower with 81 apartments</a>.

<img alt="First look: Sunland Group returns to Broadbeach with new Old Burleigh Road tower plans" data-entity-type="file" data-entity-uuid="fea2946d-90ee-4cfc-babe-2a8ad5db2cb6" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers.png?VersionId=BV0fihJw31nDIQ8ozY_h3GbS8mxDyhnm" />

Designed by <a href="https://www.apartments.com.au/architects/contreras-earl-architecture">Contreras Earl Architecture</a>, the proposed tower at 99-101 Old Burleigh Road would deliver a predominantly larger-format apartment mix aimed at the owner-occupier market. Plans include 17 two-bedroom apartments, 55 three-bedroom apartments, and nine four-bedroom residences across 35 residential levels.

The development also incorporates three basement levels, four podium parking levels, two levels of communal recreation facilities, and rooftop plant and equipment. A total of 189 car spaces are proposed, significantly exceeding the 90 spaces required under the planning scheme.

The architecture adopts a sculpted, curvilinear form, with deep wraparound balconies and integrated landscaping intended to soften the tower’s vertical expression. The planning report states the building’s “slender footprint/form provides a complimentary yet varied built form within the local streetscape” and contributes to “a varied, yet ordered skyline.”

Contreras Earl noted in its Architectural Statement that from the early stages, the project addressed a fundamental challenge: how to accommodate the required residential yield while avoiding the conventional model of a tower sitting on a rigid, fully resolved parking podium.

“The most direct response would have been to consolidate parking into a singular, flat podium and extrude a repetitive tower above,” the statement said. “While efficient, this approach would result in a consolidated built form with limited engagement with the surrounding landscape and public realm.”

Instead, the conventional podium model was “deliberately rejected”. The architects described the base of the building as “a landscaped architectural condition where structure, planting and circulation are integrated”.

“Rather than presenting a continuous built mass, the base of the building is articulated through a series of concrete planter elements that organise the podium into a fragmented system,” the statement said. “This approach reduces the perceived bulk of the lower levels while establishing a more permeable interface with the streetscape and adjacent open space.”

<img alt="Sunland" data-entity-type="file" data-entity-uuid="923fad8d-c960-4527-8fbe-975cf1ddf88d" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%2010.32.03%E2%80%AFAM.png?VersionId=pngwb0hYOIUpq9vDw6F2EsOiVuHF3DiX" />

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The site sits within the High Density Residential Zone and inside the City of Gold Coast’s unrestricted “HX” building height area, where the planning framework anticipates intensified residential development tied to the expanding light rail corridor. The planning report notes the area is undergoing “transition toward more intense development forms” given its proximity to Broadbeach, Surfers Paradise, and high-frequency public transport infrastructure.

Positioned directly opposite Broadbeach Park and within walking distance of Florida Gardens light rail station, the development would sit among a rapidly evolving stretch of Old Burleigh Road that has become one of the Gold Coast’s most active apartment development corridors.

The application joins a growing pipeline of luxury residential projects reshaping Broadbeach, including nearby developments by 5Point Projects, Polycell, and Graya.

The planning report argues the project contributes toward the Gold Coast’s long-term housing targets under the South East Queensland Regional Plan, which forecasts the need for more than 100,000 additional high-rise dwellings across the city by 2046.

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The Abedian family departed Sunland Group in late 2023, ending a four-decade association with the company, and subsequently established the private development firm Abedian &amp; Co. The group is currently delivering <a href="https://www.apartments.com.au/new-apartments/greenmount-residences-cnr-hill-street-and-marine-parade-coolangatta-qld-4225">Greenmount Residences</a> at Rainbow Bay and recently launched <a href="https://www.apartments.com.au/new-apartments/18-mary-avenue-14-18-mary-avenue-broadbeach-qld-4218">18 Mary Avenue</a> in Broadbeach.
</section>

Joel Robinson

First look: Sunland Group returns to Broadbeach new apartment market with new Old Burleigh Road tower plans

The Minns Labor Government has established the new Bays West Delivery Authority to lead the development&nbsp;of the Bays West Precinct and Blackwattle Bay Precinct.&nbsp;

The Authority is charged with creating Sydney’s newest precinct, a thriving, connected, sustainable hub with White Bay Power Station as its cultural heart. Its vision is to build on the area’s natural, cultural and industrial history to shape a vibrant new neighbourhood.

The precinct will deliver up to 8,500 well-located homes, including a minimum of 10 per cent affordable and essential worker homes. Combine new housing with public open space, opening public access to the waterfront for the first time in more than 100 years, while retaining important deep-water facilities to support Sydney’s working harbour.

Located just minutes from the Sydney CBD and connected to a world-class metro, ferry, walking and cycling links, the Bays West precinct will rebalance housing growth towards well-serviced inner-city locations and help tackle the state’s housing crisis.

The Bays West Delivery Authority,&nbsp;an agency of the Department of Planning, Housing and Infrastructure, will report to the NSW Minister for Lands and Property who already has oversight of major precinct renewal projects including at Blackwattle Bay and Barangaroo.

As part of the broader Bays West transformation, the Minns Government recently announced that a proposal from Lendlease to redevelop part of the Bays West Precinct has progressed to Stage 2 of the NSW Government’s unsolicited proposals process.

<img alt="Sydney" data-entity-type="file" data-entity-uuid="2ed71eb9-d8e8-4fa7-b9d1-de4531dcf2f3" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-05-25%20at%209.42.31%E2%80%AFAM.png?VersionId=IDryFIbped9SNDg72LEN_EecvhUsOPvp" />

The Minns Labor Government has also confirmed the Bays West precinct will have a new suburb name. This will be the first major suburb built in close proximity to Sydney’s CBD in decades and will encompass the area currently being referred to as Bays West, including Glebe Island and the White Bay Power Station. Served by a new Metro station just five minutes from the CBD, it will become one of the most populous suburbs in the Inner West and one of Sydney’s premier cultural destinations.

An early works program is taking shape, which&nbsp;includes the first stages of an international design competition.&nbsp;

The aim of the Bays West&nbsp;International&nbsp;Design Competition is to&nbsp;ensure design excellence is embedded in the project from the start. The competition will deliver an&nbsp;urban framework that defines the character, ambition and long-term identity of&nbsp;this&nbsp;former industrial precinct as it transitions to a vibrant, inclusive and sustainable residential&nbsp;neighbourhood.

The competition will be led by the Bays West Delivery Authority in partnership with Government Architect NSW.&nbsp;

It will launch with an invitation for a global Expressions of Interest, before moving to an invitation-only stage that will be assessed by a panel that&nbsp;will provide advice to Cabinet who will select a winner.

Premier of NSW, Chris Minns said the establishment of the new Authority is the first step in transforming the Bays West precinct into a vibrant, livable suburb minutes from the Sydney CBD and two stops from Hunter St Station on the Metro West line.

“The Authority will deliver well-located homes close to the heart of the city and integrate the new precinct with Blackwattle Bay and the new Sydney Fish Market.

“This is a generational opportunity to build a new suburb on the city’s edge and open the harbour foreshore to the public for the first time in a century.”&nbsp;

Minister for Lands and Property Steve Kamper said the new Bays West Delivery Authority established by the Minns Government will turbocharge the development of Sydney’s newest suburb.

“The Authority is working at a record pace to deliver an international design competition, planning pathways and a financial model so that this development benefits Sydney with well-designed homes in a central location, close to public transport, jobs, entertainment and essential services.

“If we want Sydney to stay liveable and affordable, we need to be bold about using underutilised government-owned land to deliver homes for the future while making sure essential working harbour functions can be accommodated.”

Bays West Delivery Authority established to "turbocharge" Sydney’s newest suburb

Around 400 additional homes could be built at Southwark Grounds on Port Road, lifting total site capacity from 1300 to around 1700 dwellings.

A recently approved code amendment would allow apartment towers of up to 14 storeys in some areas of Renewal SA’s redevelopment of the former West End Brewery.

Renewal SA Acting Chief Executive Shane Wingard said he welcomed the code amendment, with the increase in heights and homes making a positive impact on the supply of high-quality, well-connected housing close to the city.

“By going higher across some parts of Southwark Grounds, we are adding a substantial number of very well-located homes with little impact on project delivery time or planned open space,” Mr Wingard said.

Since the project officially launched in 2025, Mr Wingard said more than 12,000 enquiries had been received about living at Southwark Grounds.

“The very strong early interest we’ve seen since homes were first released in the precinct reinforces our plans to create more housing opportunities,” he said.

The Southwark Grounds code amendment was launched in December last year, with community engagement undertaken over five weeks from January.

It proposed increasing maximum building heights from eight to 14 storeys on the eastern section of Southwark Grounds, and to 12 storeys across the remainder of the site, with minimum building heights ranging from two to four storeys.

The code amendment was implemented through an Early Commencement policy in late January, allowing developers to quickly explore the viability of increased height and housing yield while other planning processes continue.

One of the first developers delivering apartment sites have already finalised redesigns to increase the number of apartments following the code amendment.

Samaras’ development adjacent to the future Colonel Light Park is now planning to deliver 125 apartments across 11 storeys, significantly greater than original plans of around 50 apartments across four storeys.

The developer is also exploring the potential for additional affordable housing outcomes.

Most of the apartments at Southwark Grounds will be delivered within a master-planned precinct on a large parcel of land on the eastern portion of the site, covering around two-thirds of its 8.4 hectares.

Wingard said detailed precinct planning over the coming months may identify further opportunities to increase yield further that could see total apartment numbers at Southwark Grounds, exceed this number.

Affordable homes at Southwark Grounds will also see a net increase, with Renewal SA maintaining its commitment to a minimum of 20 per cent affordable housing across the development.

&nbsp;

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Civil works have begun across the site, with construction under way on the first new roads surrounding a townhouse precinct in the south‑west corner of Southwark Grounds. This includes Renewal SA’s 17 Founder’s Row homes, which are on track for completion by Christmas.

“We expect to have people living at Southwark Grounds by the end of the year, so delivering roads and public spaces for those residents is among our highest priorities.”

Construction of 40 townhouses off Anderson Street, known as West Village and being delivered by Contour, is forecast to begin in mid‑2026. Kolabb’s Anderson Lane development will follow shortly after, delivering a further 26 townhouses.

Southwark Grounds is a state government‑led urban renewal project now set to deliver around 1,700 homes over the next decade.

Homes will be supported by a supermarket, a range of retail and hospitality offerings anchored by a revitalised Walkerville Brew Tower, a childcare centre, car parking and well‑connected public spaces.

400 new homes planned for Adelaide's former West End Brewery site

Brisbane developer&nbsp;<a href="https://www.apartments.com.au/developers/cavcorp">Cavcorp</a> has lodged plans for a new mixed-use residential development at <a href="https://www.apartments.com.au/new-apartments/55-wyandra-street-teneriffe-qld-4005">55 Wyandra Street</a>, Teneriffe, anchored by an 85-metre public laneway designed to reconnect the suburb’s riverfront with the Gasworks precinct.

The buildings, known as Teneriffe House and Teneriffe Lane, would replace the existing Queensland Cotton head office site with a 15-storey residential tower transitioning to eight storeys toward Helen Street. The project has been designed by Plazibat Architects and lodged as a code assessable development application for 93 apartments across a 3,401 sqm mixed-use site within the Newstead and Teneriffe Waterfront neighbourhood plan.

Central to the scheme is the transformation of an existing service easement into a publicly accessible cross-block connection linking Wyandra and Helen Streets. Cavcorp says the new laneway will act as both a pedestrian shortcut and a landscaped civic space between the Teneriffe Riverwalk, ferry terminal, and Gasworks precinct.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="26e7f058-b065-4de8-b13d-a2b8cb64dfcc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/bldg.png?VersionId=sELS0ZKYi361oYipUa1BIKfe_.DLZoFV" />

“The revised proposal delivers a legacy public-realm cross-block link, permanently secured for community use, transforming an existing private easement into a safe, high-quality pedestrian connection between the Teneriffe heritage riverwalk and the Gasworks–Long Island precinct,” the planning report states.

The laneway will sit beneath a large subtropical loggia integrated into the podium levels of the development. The design incorporates deep landscaping, water gardens, lobby spaces, business lounges, and ground-floor apartments to create what Cavcorp describes as a climate-responsive “urban verandah.”

The tower itself has been designed as a slender form with recessed floorplates and curved translucent corners inspired by contemporary Japanese architecture. The building height aligns with the Commercial Road precinct controls, which permit towers up to 15 storeys within proximity to Longland Street.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="a8a17d40-43b6-4718-b3fd-67676fcbb485" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/pers%202_1.png?VersionId=i3VwDtp5AmL_8InW7w4qRbDFEpb744Jt" />

The project will comprise a mix of larger-format apartments aimed at owner-occupiers, downsizers, and families. The proposed apartment mix includes 11 loggia apartments across the lower levels, 50 four-bedroom Sky-Terrace apartments from levels three to seven, and 32 Sky-Pool Homes occupying the upper tower levels. The Sky-Pool Homes will feature private thermal plunge pools integrated into oversized balconies.

According to the application, the apartments are intended to reinterpret the scale and character of Teneriffe’s woolstore conversions and Queensland homes within a vertical residential format.

“The sky-pool homes build on Cavcorp’s previous projects and introduce a distinct apartment typology to Teneriffe, informed by both local and international precedent and responding to an identified market demand for enhanced safety, space and amenity,” the planning submission notes.

A major focus of the proposal is its five-level wellness and lifestyle offering, extending from the basement through to the rooftop.

Amenities proposed include a rooftop Swim &amp; Racquet Club with a 25-metre Olympic lap pool and tennis court, coworking spaces and libraries, golf simulators, wine storage, concierge facilities, business lounges, pet wash areas, and rooftop longevity-focused wellness spaces with spas, outdoor fitness zones, and landscaped terraces.

<img alt="First Look: Cavcorp unveils Teneriffe House and Teneriffe Lane plans for landmark wellness tower in Teneriffe" data-entity-type="file" data-entity-uuid="944b352c-49b9-4247-a4c6-5967b4b69fda" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/amenity.png?VersionId=Ed_qKjAtMwFT.5gfl3jiA9QwdWxSMsaX" />

All parking will be concealed within basement levels accessed from Wyandra and Helen Streets. Cavcorp says the deep-basement engineering approach allows the entire ground plane to prioritise landscaping, pedestrian movement, and active frontage rather than vehicle infrastructure.

The development continues Cavcorp’s concentration in Newstead and Teneriffe, where the Brisbane developer has delivered a number of apartment projects including Lucent, Le Bain, and Luminare, as well as the Long Island Wellness Precinct nearby. Several of those projects have received national design and architecture awards, including recognition under Brisbane’s “Buildings that Breathe” program.

Cavcorp unveils wellness-focused Teneriffe House and Teneriffe Lane apartment buildings

Focus Group Investments has lodged plans for a new apartment development at <a href="https://www.apartments.com.au/new-apartments/64-70-hanover-street-fitzroy-vic-3065">64–70 Hanover Street</a> in Fitzroy, seeking to utilise the Victorian Government’s recently introduced Great Design Fast Track pathway to accelerate approvals for the project.

The proposal is among the latest developments to emerge through the state-led initiative, which was established to fast-track well-designed residential projects in activity centres and transport-connected inner-city locations. The pathway allows qualifying developments that meet elevated design and housing benchmarks to bypass traditional council planning timeframes and instead be assessed directly by the Department of Transport and Planning.

Designed by SJB, the development will comprise a mix of apartments above activated lower levels, with a strong focus on architectural articulation, landscaping, and communal amenity. The design response seeks to balance the industrial character of Richmond’s former warehouse precincts with a more contemporary residential form.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="abea51cc-d85b-479e-9aef-a589f3b37ca7" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/ground.png?VersionId=e1Kf8EyPWwyiVumtqQ4rM5S4GpOR3CCz" />

Proposed are 63 new dwellings, a wide ranging mix of studio, one-, two-, and three-bedroom apartments, and townhouses and duplexes. They will be spread across a part-three, part-eight storey building.

The Planning and Urban Context Report by Tract says the development is of an "exemplary architectural standard" and has been carefully crafted by SJB Architects.

"Dwellings&nbsp;will benefit from excellent access to natural light, cross-ventilation opportunities and extensive communal space," the report noted.

The architectural material highlights the project’s integration of landscaped elements and communal spaces throughout the building. The proposal also incorporates sustainability initiatives aligned with the Victorian Government’s push for higher-performing apartment developments under the fast-track program.

The Great Design Fast Track was unveiled by the Victorian Government in 2024 as part of a broader housing supply strategy aimed at accelerating the delivery of new homes. Projects assessed through the pathway must demonstrate high-quality architecture, sustainability outcomes, and housing diversity while being located close to public transport and existing infrastructure.

<img alt="First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Richmond apartments" data-entity-type="file" data-entity-uuid="afdbe834-8dc4-4a77-a943-ba07bc927348" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/site_11.png?VersionId=0J657j.TaChAZfp93wqJYBTqSsnREJx2" />

Focus Group, founder and led by Paul De Lutiis, is increasingly active across Melbourne’s inner suburbs, targeting well-connected urban renewal locations suited to medium and higher-density residential development. The Fitzroy proposal continues that strategy, leveraging the area’s strong transport links, established retail amenity, and proximity to the CBD.

Fitzroy has been one of the most popular spots for developers and buyers in recent years. The likes of PACE Development Group, SMA Projects, Crema Group and Chapter Group, currently selling projects in the suburb.

First look: Focus Group Investments taps Victoria’s Great Design Fast Track for Fitzroy apartments

Sydney’s property market is known for high prices, competitive bidding, and mounting pressure on first home buyers. But change is on the horizon.

From late 2025, eligible first home buyers in New South Wales will have access to a new federal government initiative aimed at addressing affordability: the Help to Buy Scheme.&nbsp;

<h2>What is the Help to Buy Scheme?</h2>

The program introduces a shared equity model intended to reduce the upfront cost of entering the property market, particularly in high-demand urban areas such as Sydney.

The scheme operates under a shared ownership structure in which the federal government takes an equity stake of up to 40 per cent for new homes, or 30 per cent for existing dwellings. This arrangement allows eligible buyers to significantly reduce their loan size and avoid the added cost of Lenders Mortgage Insurance (LMI).

Under this model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required. The government’s contribution is not a loan but a co-ownership stake in the property. As such, there is no interest or rent charged on its portion.

Because the government’s equity combined with the buyer’s deposit typically meets or exceeds the 20 per cent threshold, LMI does not apply. The remaining balance, generally between 60 and 70 per cent of the property’s value, is financed through a standard home loan with a participating lender.

The government's equity in the property remains in place until the buyer chooses to repay it voluntarily or until the property is sold. Buyers can buy back the government’s share over time, in increments of at least five per cent, depending on their financial situation.

There is no fixed repayment timeline, but the amount to be repaid will be based on the property's market value at the time of repayment, not the original purchase price.

<h2>How do you qualify for the&nbsp;Help to Buy Scheme?</h2>

To qualify for the Help to Buy Scheme, applicants must meet the following conditions:

<ul>
	<li>Be an Australian citizen at least 18 years of age.</li>
	<li>Be a first-home buyer who does not currently own property.</li>
	<li>Intend to live in the property as their primary residence.</li>
	<li>Earn less than $100,000 per year for individuals, or $160,000 for couples.</li>
	<li>Purchase a property within the regional price caps, currently $950,000 in Sydney, though this is expected to rise to approximately $1.3 million ahead of the program’s launch.</li>
</ul>

While the Help to Buy Scheme does not solve affordability challenges across the board, it does offer a more accessible pathway for a defined segment of the market, particularly younger buyers with moderate incomes who have been priced out of traditional lending routes.

The scheme is expected to commence in NSW in late 2025, as part of a national rollout.

Under the new model, purchasers can enter the property market with as little as a two per cent deposit, well below the traditional 10 to 20 per cent usually required

Help to Buy Scheme: What first home buyers in NSW need to know

The First Home Owners Grant (FHOG) is a government initiative designed to help eligible first-time home buyers by offering financial assistance towards the purchase or construction of a new home.

While the FHOG is a nationwide program, it is administered separately by each state and territory, meaning the eligibility criteria, grant amounts, and property requirements can vary depending on your location. This means that the amount available and the conditions attached to the grant will differ, so it is important to check the specific guidelines for your state or territory.

It’s important to note that the FHOG is just one of several incentives available to first home buyers. In most states and territories, the grant is not linked to stamp duty exemptions or concessions, with the exception of the Australian Capital Territory (ACT). The FHOG is typically a one-off payment, reducing the overall cost of purchasing or building a new home before any stamp duty concessions are applied.

Below, we provide a breakdown of the First Home Owner Grants available across Australia, outlining the specific details for each state and territory.

<h2>New South Wales First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $600,000. For land purchases and owner-builders, the threshold extends to $750,000.

Stamp Duty Benefits: Provides full stamp duty exemption for homes valued up to $800,000, with concessions available for properties up to $1 million.

<h2>Victoria South Wales First Home Owner Grant</h2>

First Home Owner Grant: Provides a $10,000 grant for first-home buyers purchasing or building new homes valued up to $750,000.

Stamp Duty Benefits: Offers full stamp duty exemption for properties up to $600,000, with concessions available up to $750,000.

<h2>Queensland First Home Owner Grant</h2>

First Home Owner Grant: Offers $30,000 for contracts signed between 20 November 2023 and 30 June 2025. The FHOG applies to new homes valued up to $750,000.

Stamp Duty Concessions: Provides additional concessions for properties valued up to $800,000.

<h2>Western Australia First Home Owner Grant</h2>

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First Home Owner Grant: Offers a $10,000 grant for new homes valued up to $750,000 in the southern regions and up to $1 million in the northern regions.

Stamp Duty Concessions: Available for homes valued up to $600,000 for transactions entered into on or after 9 May 2024.

<h2>Australian Capital Territory First Home Owner Grant</h2>

First Home Owner Grant: Replaced by the Home Buyer Concession Scheme, offering full stamp duty concessions for eligible buyers.

<h2>South Australia First Home Owner Grant</h2>

First Home Owner Grant: Provides up to $15,000 for new homes, including houses, apartments, and townhouses. As of 6 June 2024, there is no property value cap for eligibility.

Stamp Duty Relief: Available for new homes and vacant land purchases.

<h2>Tasmania First Home Owner Grant</h2>

First Home Owner Grant: Offers a $10,000 grant for new homes and off the plan purchases.

Stamp Duty Exemption: Between 18 February 2024 and 30 June 2026, first home buyers of established homes valued up to $750,000 receive a full exemption on property transfer duty.

<h2>Northern Territory First Home Owner Grant</h2>

First Home Owner Grant: The Northern Territory provides a $10,000 grant for new homes only. Additional government grants and concessions are available for first home buyers.

Stamp Duty Exemption: The only stamp duty exemption available to property buyers is the House and Land Package Exemption (HLPE).

Eligibility criteria and application processes differ across states. Prospective buyers should refer to their respective state revenue offices for full details on grant availability, conditions, and additional concessions.

Every First Home Owner Grant for new property by state

In the ever-evolving landscape of sustainable architecture and environmentally conscious design, systems and ratings in place can help determine the energy efficiency of residential buildings in Australia.

Australia has multiple building rating systems that evaluate energy efficiency and sustainability in existing and new building designs.

Some systems assess individual building components, while others provide an overall rating for the entire structure.

A rating system ensures that homes are comfortable and energy-efficient, whether you are buying, renovating, or building.

NatHERS (Nationwide House Energy Rating Scheme) is a common way for new homes to meet energy efficiency requirements.

As new developments continue to shape the urban environment, understanding NatHERS ratings becomes essential for developers and homeowners. This article delves into the concept of NatHERS ratings, their significance, and how they contribute to creating energy-efficient homes.

<h2>What is NatHERS?</h2>

NatHERS is a national initiative implemented by the Australian government to promote energy efficiency in residential buildings. The scheme aims to provide a standardised method for assessing the thermal performance of homes, considering factors such as insulation, orientation, ventilation, and building materials.&nbsp;

NatHERS ratings are the most common way new homes meet the National Construction Code's (NCC's) minimum energy efficiency requirements.&nbsp;

NatHERS assessments provide thermal and whole-home ratings for new homes, townhouses, and apartments.

The rating helps evaluate the energy performance of buildings, guides homeowners and developers to make informed decisions about the energy efficiency of their properties, and encourages the construction of more sustainable, comfortable, and cost-effective homes.

<h2>How NatHERS Ratings Work</h2>

NatHERS ratings are determined through four accredited software tools (AccuRate, BERS Pro, FirstRate5, HERO) using a calculation engine CSIRO developed to predict building temperature based on various factors.

The tools can model complex effects of building mass, insulation, window size, and other elements.

The outcome is a star rating that reflects the building's overall thermal efficiency, indicating how well it can maintain a comfortable indoor temperature without excessive reliance on heating or cooling systems.

The star rating scale ranges from 0 to 10, with a 6-star rating being the minimum requirement for compliance with the National Construction Code (NCC).&nbsp;

Achieving a higher star rating demonstrates a commitment to energy efficiency and sustainability, as the building is better equipped to minimise its environmental impact and reduce long-term energy costs.

Anyone can use NatHERS tools, but accredited assessors can provide certified ratings and professional advice.

<h2>Benefits of Higher NatHERS Ratings</h2>

Energy Efficiency: Buildings with higher NatHERS ratings are more energy-efficient, requiring less heating and cooling energy. This reduces the structure's carbon footprint and lowers occupants' energy bills.

Cost Savings: Homes with higher NatHERS ratings are generally more energy-efficient, resulting in reduced energy consumption for heating and cooling. This translates to lower energy bills for homeowners, making sustainable living environmentally friendly and economically viable in the long run.

Environmental Impact: Lower energy consumption directly translates to a reduced environmental impact. Buildings with higher NatHERS ratings contribute to the overall goal of mitigating climate change by lowering greenhouse gas emissions associated with heating and cooling systems.

Improved Comfort: Buildings with high NatHERS ratings offer better thermal comfort to occupants. Proper insulation, well-designed ventilation, and optimal orientation maintain a consistent and comfortable indoor temperature, providing occupants with a more enjoyable and healthier space.

Market Value and Desirability: Higher NatHERS ratings can enhance the market value of a property. As energy efficiency becomes a more significant consideration for homebuyers, a well-rated building may attract a premium price and stand out in the real estate market.

Compliance with Building Codes: NatHERS ratings are a vital component of the National Construction Code (NCC), and compliance with these ratings is often a mandatory requirement for new developments. Local councils and planning authorities may set minimum energy efficiency standards that must be met to obtain development approval.

The Nationwide House Energy Rating Scheme (NatHERS) is a crucial initiative shaping the future of energy-efficient, resilient, and cost-effective homes. With its recent upgrades, NatHERS has evolved into a world-leading tool for the building sector, supporting the global commitment to achieving net-zero emissions by 2050.

Staff Writer

What is a NatHERS rating in new off the plan apartment developments?

Mixed-use developments have gained significant popularity across Australia in recent years due to their unique blend of residential, commercial, and recreational spaces.

Unlike traditional single-purpose developments, mixed-use projects offer a harmonious integration of various functions within a single locale.

Residential units seamlessly coexist with commercial establishments, retail outlets, dining venues, entertainment hubs, and recreational facilities, with the combination not only enhances convenience but also fosters a vibrant lifestyle and a sense of community.

<h3>Convenience and accessibility</h3>

Mixed-use developments are designed with convenience in mind. They often integrate residential units with commercial spaces, retail outlets, restaurants, and recreational facilities, creating a self-contained community.

[smartcode_project:default project_id=114215 project_image_fid=204874]

The proximity allows residents to enjoy the convenience of having essential amenities and services within walking distance. Whether it's grabbing a cup of coffee, going grocery shopping, or accessing healthcare services, everything is conveniently located, saving residents time and effort.

<h3>Vibrant lifestyle and community</h3>

One of the major advantages of mixed-use developments is the vibrant lifestyle they offer. With a diverse range of amenities and communal spaces, residents have ample opportunities to interact, socialise, and build a sense of community.

[smartcode_project:default project_id=107714 project_image_fid=214122]

The presence of parks, community centres, and shared spaces fosters a lively atmosphere, encouraging residents to engage in various activities and events. The vibrant lifestyle within these developments creates a unique sense of belonging and camaraderie among the residents.

<h3>Potential for higher rental yields and property value appreciation</h3>

Mixed-use developments tend to attract a broad range of tenants and buyers due to their versatile nature. This high demand can result in higher rental yields for investors and potentially lead to property value appreciation over time.

[smartcode_project:default project_id=139989 project_image_fid=212887]

The integration of commercial and retail spaces attracts businesses, which can provide a stable rental income stream. Additionally, the popularity of mixed-use developments often drives up property values, making them a potentially lucrative investment in the long term.

<h3>Enhanced security and maintenance</h3>

Mixed-use developments typically have comprehensive security measures in place. With controlled access points, CCTV surveillance, and professional security staff, residents can enjoy enhanced safety and peace of mind.

[smartcode_project:default project_id=108019 project_image_fid=212658]

Additionally, these developments often have dedicated maintenance teams responsible for the upkeep of common areas, landscaping, and infrastructure. This ensures that the overall appearance and functionality of the development are well-maintained, creating a pleasant living environment for residents.

<h3>Live-work-play balance</h3>

One of the key attractions of mixed-use developments is the ability to achieve a desirable live-work-play balance. The integration of residential and commercial spaces allows residents to live closer to their workplaces, reducing commuting time and improving work-life balance.

The proximity to various amenities and recreational facilities encourages an active and healthy lifestyle. Residents can easily access fitness centres, parks, restaurants, and entertainment options, all within the same development, leading to a more fulfilling and convenient way of life.

alisonwarters@gmail.com

The top five reasons to buy in a mixed-use development

When buying a property, everyone needs to be aware of the additional costs that come as part of the buying process.

Often the largest outlay, after the deposit which goes to the bank, is stamp duty.

<h2 style="line-height: 1.38;">What is Stamp Duty?</h2>

Stamp duty is an extra tax to pay the government when you buy land, a property, and other certain assets.

It happens when the legal ownership is transferred. It can also be known as property transfer duty or transfer duty.

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="415" src="https://www.youtube.com/embed/C32BWkB5--c" title="YouTube video player" width="660"></iframe>

<h2>Who pays Stamp Duty?</h2>

In some circumstances, you may get an exemption. For some states, you won’t have to pay for stamp duty if you are a first home buyer or a pensioner for houses under a particular price. There are also stamp duty concessions, where you may be entitled to a discount.

<h2>How much does Stamp Duty cost?</h2>

Each state has different rules which affect how much you need to pay. These rules can affect the rate you pay, and the timeframe you will need to pay in. Before you buy land or a property, make sure you check the up-to-date information for your state’s stamp duty.

You can use a free stamp duty calculator online to see approximately how much you’ll need to pay. Find out if you’re eligible for an exemption by enquiring on a project via Urban!

Overall, the stamp duty you need to pay will depend on:

<ul>
	<li aria-level="1">How much your land/property is worth</li>
	<li aria-level="1">Where your land/property is located</li>
	<li aria-level="1">What type of land/property it is</li>
</ul>

Want to find out more? <a href="https://www.youtube.com/@UrbanAustralia?utm_source=YouTube&amp;utm_medium=Video&amp;utm_campaign=Subscribe&amp;utm_id=Subscribe">Subscribe to our YouTube channel</a> for more property videos.

Ellen Walker

Off-the-plan property explained: What is stamp duty?

National Australia Bank (NAB) has brought forward the timing of the first RBA cash rate cut by three months.

NAB is now expecting a cut in February, in line with ANZ and Westpac, having initially thought a cut wouldn't come until May.

Commonwealth Bank, the nation's largest lender, still thinks the first cut will come in December.

NAB changed its call following the August monthly inflation figures that were released at the end of September, showing it had dropped to 2.7 per cent.

"The risk has been skewed to a first cut earlier in 2025, and today’s change acknowledges the balance of risks has likely shifted sufficiently for the RBA to feel comfortable cutting a little sooner than we earlier expected," NAB noted in its latest update.

They added that the cadence of the cuts may be faster than its central profile.

"Domestic inflation pressures are cooling, but only gradually, and we continue to expect the conditions for a cut will not be in place this year.

NAB believes the easing cycle will end at 3.1 per cent by early 2026, which is five cuts from the current 4.35 per cent cash rate.&nbsp;

CBA also thinks 3.1 per cent will mark the end of the cutting cycle, while Westpac is forecasting 3.35 per cent, and ANZ is the most pessimistic at 3.6 per cent, which would be just three interest rate cuts.

<h2>What would a rate cut in February look like for borrowers?</h2>

According to&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://link.mediaoutreach.meltwater.com/ls/click?upn%3Du001.IVvjJ-2BPT0A8C3VxtqKc6e3bj5hBuw27WFEYqovsYs7kPsgFulYrdOzeP8gI7CybJOya3_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20hPXdLlPP9yD7DvFFDBM5yrTqxvcCiMfAsW1onD-2FcriL628eYdhNQE7bwzYrxcOYnmaYfRhGl-2FEHQ6eK2uQcLxs6Cbu6Dx0bYvpi5A6enmxMWU5TkcRYrP6Z8GbXZYtc5qSoKu6eWFBQR9K7fsjXwHMmby3D3X6Yx-2BxcDcdRruTG&amp;source=gmail&amp;ust=1727774368149000&amp;usg=AOvVaw2vK2ujS77CHs9VRvSSXzLC" href="https://link.mediaoutreach.meltwater.com/ls/click?upn=u001.IVvjJ-2BPT0A8C3VxtqKc6e3bj5hBuw27WFEYqovsYs7kPsgFulYrdOzeP8gI7CybJOya3_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20hPXdLlPP9yD7DvFFDBM5yrTqxvcCiMfAsW1onD-2FcriL628eYdhNQE7bwzYrxcOYnmaYfRhGl-2FEHQ6eK2uQcLxs6Cbu6Dx0bYvpi5A6enmxMWU5TkcRYrP6Z8GbXZYtc5qSoKu6eWFBQR9K7fsjXwHMmby3D3X6Yx-2BxcDcdRruTG" target="_blank">Canstar</a>, if there is a cut in February, a borrower with a $600,000 loan today and 25 years remaining would see their monthly repayments drop by $92.&nbsp;

<table border="1" cellpadding="0" cellspacing="0">
	<tbody>
		<tr>
			<td colspan="3">
			Impact of 0.25% pt cut in February 2025
			</td>
		</tr>
		<tr>
			<td>
			Current loan size
			</td>
			<td>
			Drop in monthly repayment
			</td>
			<td>
			New monthly repayment
			</td>
		</tr>
		<tr>
			<td>
			$600,000
			</td>
			<td>
			-$92
			</td>
			<td>
			$3,907
			</td>
		</tr>
		<tr>
			<td>
			$750,000
			</td>
			<td>
			-$114
			</td>
			<td>
			$4,884
			</td>
		</tr>
		<tr>
			<td>
			$1M
			</td>
			<td>
			-$153
			</td>
			<td>
			$6,512
			</td>
		</tr>
		<tr>
			<td colspan="3">
			Source:&nbsp;<a data-saferedirecturl="https://www.google.com/url?q=https://link.mediaoutreach.meltwater.com/ls/click?upn%3Du001.xWMOP9hChsvn-2BC9O-2FebBihXIZ4cEzbiuENdxm-2Bx3-2FYEEgYMhZlKWNj5Zzy1YZ56RuASD_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20v2akwr6-2BqLyRrlEgkJ4J-2BCCyY0x189xEHZA4Ylf8c7ChBqNIkhmftZzoFuZKFn43pw3oJVg2o1gumrpdA-2B7MB-2FBtmL2rFCI-2FXORATQHySCLVOMg7Vywv-2BqnnQUAtDz6XkvpwxdHFXh70VwKazzhJsICilEYOvP4ju0sIfi5g6TL&amp;source=gmail&amp;ust=1727774368149000&amp;usg=AOvVaw2qVnp6oqATgqDUi2Frm22q" href="https://link.mediaoutreach.meltwater.com/ls/click?upn=u001.xWMOP9hChsvn-2BC9O-2FebBihXIZ4cEzbiuENdxm-2Bx3-2FYEEgYMhZlKWNj5Zzy1YZ56RuASD_RgrM7qq-2BfK-2FtAHeRBLv5Qrb-2Bii5fzjLeKcP4w-2FkNgJPXygpiRhVUan3WV3QEggcf617UC8Z60RjQJZAqx7PiO7FtVJQSn0D46Zc3iTVP0kAhTTzG51cPpa5hrqz1OkSA-2BiXAxUajQ686MTtiseWBIdMdknd83aB7cOVgXlVTeHCGf3-2BcMHwfvI8TYlkUovqEhn4dj0KXf2eJGpb9-2BBv20v2akwr6-2BqLyRrlEgkJ4J-2BCCyY0x189xEHZA4Ylf8c7ChBqNIkhmftZzoFuZKFn43pw3oJVg2o1gumrpdA-2B7MB-2FBtmL2rFCI-2FXORATQHySCLVOMg7Vywv-2BqnnQUAtDz6XkvpwxdHFXh70VwKazzhJsICilEYOvP4ju0sIfi5g6TL" target="_blank">www.canstar.com.au</a>. Starting rate is the RBA existing average owner-occupier variable rate of 6.36%. Assumes banks pass the cash rate cut on in full the month after the meeting.
			</td>
		</tr>
	</tbody>
</table>

Canstar Data Insights Director, Sally Tindall, says if core inflation continues to track in the right direction, or unemployment starts to accelerate significantly, we could well see a cash rate cut as early as February of next year.

“All four big banks now believe the RBA will be ready to cut the cash rate in just over four months’ time, if not before, in the case of CBA.

“However, the outlook for both inflation and unemployment is still highly uncertain. A couple of wobbly sets of inflation data could see the RBA holding for longer, particularly if unemployment remains relatively steady."

&nbsp;

Commonwealth Bank, the nation's largest lender, still thinks the first cut will come in December.

NAB bring forward first RBA cut to February 2025

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First-home buyers who bought their first homes at the top of the last housing market cycle in 2009, when state government grants were most generous, are now struggling to refinance their loans due to weak equity positions,  according latest Australian Mortgage Industry report prepared by JP Morgan and Digital Finance Analytics.
As interest rates fall and households continue to deleverage, the report says that around 30% of first-time buyers are seeking to refinance their loans, which is "twice the amount, if not more, than other borrowers".
“Secondly, and more worryingly, of those that apply, 15% are being declined – substantially above other categories of borrowers, who are all well below 5%.
“First time buyers bought at the ‘top of the cycle’, with insufficient time between 2009 and now to generate equity in their home, particularly in light of declining house prices relative to the 2009 peak.”
“The end result is that first time buyers not only have a higher proportion of existing loans looking to refinance, but also have a higher proportion of those re-financing applications rejected," says the report.
Click to enlarge
<a title="Click to enlarge" rel="shadowbox" href="/images/stories/2012/10/jpm.gif"><img src="/images/stories/2012/10/jpmthumb.gif"></a>
Many of these buyers took advantage of boosted first-home buyer grants (which tripled to $21,000 for those buying new homes) introduced in the wake of the GFC, which the report says “buoyed housing prices throughout 2009”.


<hr class="system-pagebreak">
They also bought with small deposits, with the report highlighting that the proportion of first-h0me buyers who bought with loan-to-value (LVR) ratios of more than 90% was higher than the average for other owner-occupiers groups.
In the interim banks have lifted LVR requirements in line with tougher global banking rules, and first-home buyers have been caught out.
According to JP Morgan, the two main reasons why loan applications are rejected now are an inadequate LVR (34% of rejected applications) or insufficient income (34%).
Over late 2008 and early 2009 the report says there was a surge in the volume of first-time buyers in the six months between the announcement of incentives in November 2008 and the reduction of first-time buyer LVRs by banks in April 2009.
“This simply pulled forward demand and left a substantial equivalent hole over the following year." 
The report also forecasts the current slow pace of mortgage growth to continue, noting that “growth in the average value of each form of owner-occupied approval is now in negative territory” – the first time this has occurred since data became available in the early 1990s.
The report says not only are the volume of approvals weak, but the average value of approvals is declining.
“While this may simplistically be dismissed as a broader indication of stalled house prices, we conclude that a degree of tightness for refinancings is evident – particularly for first-time buyers.
"Housing credit growth has continued to soften since breaking below double-digit growth rates in mid-2008. In fact, the most recent three-month annualised growth rate of 3.6% for housing credit in August 2012 is the lowest level since the RBA started disclosing credit aggregates in 1976.
"Given the current outlook, we expect low rates of credit growth to continue –with risk to the downside – as opposed to watching out for a quick rebound off the back of lower interest rates."
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lschlesinger-FZcF9M3vE6

Some 2009 first-home buyers struggling to refinance mortgages due to declining values: JP Morgan

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Last week’s cash rate cut caught a few of us here at the REIQ office a little by surprise. The first Tuesday of every month, we generally make a fairly educated assessment about what will happen at the Reserve Bank meeting that day, and I am happy to say that we get it right most of the time. Not so last Tuesday, unfortunately.
I had been sure the Reserve would cut rates, but that morning I changed my mind – something I now bitterly regret, of course. While I certainly felt the wobbly nature of the economy here and overseas warranted a rate reduction, there had been strong economic reasons for a cut in the past and the Reserve had done nothing, so I figured that is what it would do again.
At approximately 2.31pm AEST I discovered that the Reserve’s assessment of the economy had in fact been similar to mine (until I changed my mind, that is) and the cash rate had been lowered by 25 basis points to 3.25% – the lowest it had been since 2009.
But while cash rate cuts may seem like a very good thing, they also signal that the economy is not quite as flash as we would like it to be. Throughout 2011, in my humble opinion, the Reserve left the cash rate far too high for far too long because on the ground it was fairly obvious that things were pretty average. The property market was very flat, the retail sector was flatter, and to top it off we’d had our summer of natural disasters, which affected thousands of Queenslanders as well as the morale of an entire state.
Now with interest rates heading towards where they should have been last year (in my humble opinion), the question is how much lower are they likely to go?  Indeed, survey results released this week indicated that more than two-thirds of first-home buyers were intending to fix their home loan rate over the next 12 months to gain some repayment certainty.
I read somewhere once that when it comes to the game of fixing the interest rate on your home loan there is usually only one winner – and it is unlikely to be you. That said, I fixed a portion of the loan on my first home five years ago. Within 12 months, due to rampant inflation, rates had shot up to more than 9%, so that fixed portion actually saved my bacon.
Unfortunately, a year after that the GFC happened and rates plummeted to historic lows, so that fixed portion soon resembled some type of greedy goblin when I paid my mortgage every month. In hindsight, I think I ended up winning some and losing some.  But with fixed rates now heading towards 5%, I am starting to consider fixing once more but alas remain annoyingly undecided.
To fix or not to fix? That is the question. Whether ’tis nobler in the mind to suffer the slings and arrows of outrageous fortune, or to take arms against a sea of troubles.
See, even Shakespeare didn’t know what to do.
Nicola McDougall is executive manager for corporate affairs for the <a href="https://www.reiq.com/" target="_blank">Real Estate Institute of Queensland</a>. This article originally appeared on the<a href="https://reiqblog.com/" target="_self"> REIQ blog</a>.
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nmcdougall-hv3JvhUJmd

You win some and lose some when you fix your mortgage

<html><body>
One Big Switch, the consumer discount advocacy company, has returned to its roots with a new mortgage awareness campaign targeting lenders who don’t pass on RBA cash rate cuts in full.
Called “Truth in Banking” and with the slogan "We mind the gap" it asks borrowers to enter in the details of their current mortgage including their lender, interest rate, amount owed and any fees they are charged.
A trademarked “Rate Gap calculator’ gives subscribers an indication of how much extra they have been paying to date and on a monthly basis, based on RBA cash rate movements and their lender’s response to them.
Subscribers can sign up over the next 17 days with the campaign attracting just under 3,400 participants at last count. Subscribers will then receive information about future discounting campaigns.
One Big Switch was founded by Harvard MBA graduate Paul Hunyor and former press secretary to Kevin Rudd Lachlan Harris in July 2011 with funding from venture capital fund MH Carnegie &amp; Co (MHC), founded by Mark Carnegie and advertising veteran John Singleton.
It launched with a campaign offering borrowers the opportunity to be part of a mortgage discount offering.
Around 40,000 borrowers  signed up to this campaign last year have refinanced through one of these lenders with 1,600 choosing to refinancing through non-bank lenders Resimac, FirstMac, Mortgage Ezy, Mortgage Point and IMB Building Society.
One Big Switch is seeking to sign on 25,000 mortgage holders to the new campaign, which runs until November 2.
A spokesperson for One Big Switch says the campaign is all about “transparency, creating awareness and consumer empowerment”.
"The purpose of the campaign is find 25,000 consumers to calculate the rate gap. The rate gap is the difference between RBA cash rate movements and rate movements by individual lenders.  
"Throughout the year One Big Switch members are offered discounts on many household bills, including their mortgage, but this campaign is not about discounted mortgages."
One Big Switch campaigns are being led by Christopher Zinn, former the head of communications at consumer watchdog Choice.
“The banks know exactly how their policies of not passing on the benefits of cash rate changes impacts on their bottom line in a positive way,” says Zinn.
"But the consumer, until now, has been largely oblivious of the negative effect  unless they had the will and technical skills to juggle all the numbers.
"This is one reason we have launched the ‘ We Mind the Gap’ campaign. To arm ordinary people with information they may need to make better decisions."
The latest campaign is being carried out in partnership with Channel 7 and being promoted via Channel 7 News, Sunrise and Today Tonight.
According to Strachan Taylor, head of mortgages at One Big Switch, a look back over the last 20 years reveals that banks have often not always passed RBA cash rate moves completely and immediately on.
“In fact over the last decade they have done so 55 times,” he says.
“Since 1990 the spread between the RBA cash rate and the general bank lending rate grew to 4.75% by mid-1993, and remained around 4% until late 1994, dropping to 3% in late 1994 and from mid-1995 rapidly fell to its minimum of 1.7% in 1999.”
He says the spread remained tight at around 1.8% until 2008 when the GFC hit, following which spreads once again quickly began to widen to 3.4% today.
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One Big Switch targets miserly mortgage lenders in new consumer awareness campaign

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Two-thirds of borrowers who have a mortgage with a bank believe they could be getting a better mortgage deal by refinancing with a new lender, according to research by Ernst &amp; Young.
However, many give up at the early stages of the mortgage application process or turn to a mortgage broker for help.
These were the key findings of a survey of 635 respondents across the  big four banks as well as regional banks carried out as part of Ernst &amp; Young’s customer experience series.
Research by Ratecity.com.au finds that <a href="/news">three of the four lenders to have passed on the full October rate cut are small lenders</a> led by bankmecu, which is offering a standard variable rate of 5.49% – 108 basis points lower than the lowest standard variable rate offered of the big four (NAB, 6.58%).
According to the Ernst &amp; Young survey, when applying for a mortgage, a third of customers give up at the "information gathering" stage because of "too much choice" and a lack of simple and clear information.
It also found that 60% of people who initiated the mortgage application process ended up finalising it and getting a mortgage, but the remaining 40% dropped off along the way.
“It sounds simple enough, but banks need to focus their efforts on that initial step – when customers first put their mortgage feelers out. They need to ensure the information available via all their channels is in plain English and provides real comparisons for customers, in other words it doesn’t require high levels of financial literacy to make sense of it,” says Ernst &amp; Young’s John Rolland
“We know Australians are time poor. They feel a lack of control over their lives and, as such, don’t like complex decision-making. This means they default to the simplest tools that help them in their everyday decisions.
“While choice is obviously a good thing for consumers, there is such a thing as ‘choice overload’ – even in banking when competition is a good thing.
“It’s a sign of our times that people looking for a mortgage are feeling overwhelmed by the vast array of mortgage products as well as the number of mortgage lenders, and don’t know where to start."
Another finding was that 80% of customers who embarked on the mortgage or switching process started without involving a broker or third party – significantly below the 42% share of the mortgage distribution market that brokers are estimated to hold.
This suggests that many borrowers choose to engage a mortgage broker after finding the application process to difficult or frustrating to do on their own.
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Two-thirds of borrowers open to switching lenders for better deal: Ernst & Young

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The number of owner-occupier home loan commitments rose by a better than expected 1.8% in August to 45,821 loans, according to the latest seasonally adjusted ABS figures.
That was from an upwardly revised 45,021 loan commitments in July and above economist expectations of a 1.5% monthly rise.
The increase in home loan commitments in August follows RBA cash rate cuts in May and June totalling 75 basis points.
"A modest upward trend in housing finance to owner-occupiers is now apparent. New lending trended 1.2% higher in August, a turnaround from modest trend declines over the first five months of the year," says Westpac. "A greater number of FHBs are likely to enter the market over coming months, in what is the 'spring season', encouraged by improved housing affordability underpinned by lower interest rates.  "With the RBA more concerned about downside risks to economic growth over the year ahead there will be increased focus on the strength of the housing sector upswing and the likely boost to housing construction activity. "
The number of mortgage commitments for the purchase of new dwellings rose by a strong 13.9% to 2,341 in August, according to the ABS.
The number of loan commitments for the purchase of established dwellings rose 1.3% to 38,238.
In value terms owner occupier loans rose 1.3% to $13.65 billion.
Total housing finance by value rose by 0.6%, seasonally adjusted, to $20.3 billion.
On a state-by-state basis, whereas WA was the only state to record a rise for July, strength was more widespread in August, noted Westpac.
"For August, gains were reported for NSW (3.3%), Tasmania (3.3%), Queensland (4.1%), as well as WA (1.2%). Victoria softened for a second month (-1.2% following -1.1%), representing a let down effect in the wake of state government changes to first-home buyer incentives," says  Westpac.
First-home buyers share of finance declined to 18.6% from 19.2% for July, but Westpac says this is likely to be a short-lived dip. 
Loans for investment purposes recorded a 0.8% decline for August.
Housing Industry Association (HIA) chief economist Dr Harley Dale says the 2.6% increase in total housing finance net of refinancing in August 2012 marked the sixth consectutive rise.
"That is encouraging, but the base for the recovery has to date been too narrow.
"A recovery in the number of loans to first time owner occupiers appears to be entrenching itself, but lending to the larger ‘trade-up’ owner-occupier market has been losing momentum since March.”
“On the new home front, lending for the purchase of new dwellings increased strongly in August, which is an encouraging result, although a flat month in terms of loans for construction was disappointing.”
“After posting a strong increase in June, the number of loans for the construction of owner occupied dwellings largely flat-lined in July and again in August.
"Meanwhile, lending for the construction of new investment properties has been trending down since March.
"Hopefully interest rate cuts together with policy initiatives in NSW and Queensland will see a sustained improvement emerge in these key construction lending figures,” says Dale.
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Home loan numbers rise 1.8% in August with strong bounce in new home lending: ABS

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Online lender loans.com.au has cut the variable rate of its ‘Dream Catcher’ home loan by 19 basis points to 5.46% and says it is offering the lowest standard variable rate home loan since July 1968.
The lender references the <a target="_blank" href="https://www.loansense.com.au/historical-rates">loansense.com.au</a>, a website that tracks the movement of home loan rates dating back to 1959.
In July 1968, the average standard variable interest rate was 5.38%.
According to mortgage comparison website Ratecity.com.au, another online lender eMoney is offering a variable rate of 5.40% on its pro pack 75 loan. The lender cut the interest rate on this product by 20 basis points.
A spokesperson for loans.com.au maintains that its offering is the lowest genuine standard variable rate home loan in Australia.
He says the real story is not the loans.com.au offering, but that variable rates on average are at their lowest level since 1968.
Loans.com.au managing director Marie Mortimer says borrowers would have to go travel back in time to the Mexico Olympics to find a cheaper variable home loan interest rate.
“The last time we saw rates this low, the number one record in Australia was Sadie by Johnny Farnham, Rod Laver had just beaten Tony Roche to win Wimbledon and Lionel Rose beat Fighting Harada in Tokyo to become the world bantamweight boxing champion,” she says.
Firstmac is an Australian lender based in Brisbane that has been involved in providing home loans for 30 years. It was founded by Kim Cannon. Firstmac obtains its funding from residential mortgage-backed securities (RMBS) market, also known as securitisation.
Loans.com.au also announced it has cut its three-year fixed home loan rate to 5.35% (comparison rate 5.74%).
On Friday, ANZ cut its standard variable by 20 basis points to 6.6%
Here’s a guide to the lowest standard variable home loan offerings:
Lowest variable rate offerings:
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="134" valign="top">
Provider
</td>
<td width="124" valign="top">
Loan name
</td>
<td width="97" valign="top">
Rate
</td>
<td width="116" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="134" valign="top">
eMoney
</td>
<td width="124" valign="top">
Pro Pack 75
</td>
<td width="97" valign="top">
5.40%
</td>
<td width="116" valign="top">
5.73%
</td>
</tr>
<tr>
<td width="134" valign="top">
Loans.com.au
</td>
<td width="124" valign="top">
Dream Catcher
</td>
<td width="97" valign="top">
5.46%
</td>
<td width="116" valign="top">
5.74%
</td>
</tr>
<tr>
<td width="134" valign="top">
State Custodians
</td>
<td width="124" valign="top">
Standard variable offset
</td>
<td width="97" valign="top">
5.64%
</td>
<td width="116" valign="top">
5.81%
</td>
</tr>
</tbody></table>
Lowest one-year fixed-rate offerings
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="137" valign="top">
Provider
</td>
<td width="123" valign="top">
Loan name
</td>
<td width="95" valign="top">
Rate
</td>
<td width="114" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="137" valign="top">
Greater Building Society
</td>
<td width="123" valign="top">
Ultimate Home  Loan Package Standard Fixed 1 year
</td>
<td width="95" valign="top">
5.29%
</td>
<td width="114" valign="top">
6.04%
</td>
</tr>
<tr>
<td width="137" valign="top">
Greater Building Society
</td>
<td width="123" valign="top">
Great Rate Fixed 1 year
</td>
<td width="95" valign="top">
5.34%
</td>
<td width="114" valign="top">
5.89%
</td>
</tr>
<tr>
<td width="137" valign="top">
Newcastle Permanent
</td>
<td width="123" valign="top">
Residential Fixed 1 year
</td>
<td width="95" valign="top">
5.38%
</td>
<td width="114" valign="top">
6.2%
</td>
</tr>
</tbody></table>
Lowest three-year fixed-rate offerings
<table width="470" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td width="133" valign="top">
Provider
</td>
<td width="133" valign="top">
Loan name
</td>
<td width="97" valign="top">
Rate
</td>
<td width="108" valign="top">
Comparison rate*
</td>
</tr>
<tr>
<td width="133" valign="top">
Loans.com.au
</td>
<td width="133" valign="top">
Three-year fixed home loan
</td>
<td width="97" valign="top">
5.35%
</td>
<td width="108" valign="top">
5.74%
</td>
</tr>
<tr>
<td width="133" valign="top">
Newcastle Permanent
</td>
<td width="133" valign="top">
Residential Fixed 3 year
</td>
<td width="97" valign="top">
5.38%
</td>
<td width="108" valign="top">
6.04%
</td>
</tr>
<tr>
<td width="133" valign="top">
ME Bank
</td>
<td width="133" valign="top">
Super Member Fixed Three years
</td>
<td width="97" valign="top">
5.39%
</td>
<td width="108" valign="top">
6.05%
</td>
</tr>
</tbody></table>
Source: Ratecity.com.au
*A comparison rate includes both the interest rate and the fees and charges relating to a loan, combined into a single percentage figure.
For information on refinancing, watch our free webinar <a target="_blank" href="/news">Refinancing and the Interest Rates Riddle</a>
</body></html>

Loans.com.au cuts standard variable offering to 5.46%: A guide to the lowest home loans in 44 years

<html><body>
Lately I’ve been asked why banks reduce their mortgage rates less than the Reserve Bank’s cash rate reduction.
And increasingly my answer is: because the borrowers let them.
Almost two weeks ago the cash rate dropped by 0.25 percentage points, and the big banks reduced their mortgage rates by between 0.18 percentage points and 0.2 percentage points. As I write this, just four lenders passed on the full RBA cut: ING Direct, Yellow Brick Road, bankmecu and My Rate. Those rates now sit between 5.49 and 6.19%.
Compare this to the big four banks’ standard variable rate mortgages which are currently sitting between 6.58% and 6.71%.
It’s clear that one group aims to offer competitive rates while the other group is pretty far off the mark.
Yet it’s the group of lenders with the more expensive mortgages that dominates home lending. Our four largest banks account for more than 90% of all new mortgages.
Confidence is the key to this debate.
Post-GFC, most home borrowers don’t want to pick a fight with the organisation that finances their homes.
I understand the reticence. I’m also alarmed at the uncertainty created when consumers cannot see a link between the Reserve’s cash rate and their own mortgages.
I don’t totally blame the government for this. The Reserve Bank is an independent agency charged with running our monetary policy, and a Treasurer should not tinker with the bank’s operations.
Secondly, the Treasurer has made several changes that help borrowers, including banning mortgage exit fees on new home loans, one-page mortgage fact sheets to make it easier for consumers to shop around and covered bonds to give access to cheaper wholesale funding for lenders.
These changes work well on paper, but the lack of confidence among mortgage holders is still the key to the puzzle.
An online poll run by The Age this week – on the back of a Chris Zappone column – showed that 67% of responding mortgage holders would like to move to a small lender, and only 6% want to move to a big bank. The poll was answered by more than 11,000 people.
That’s a huge preference not being acted upon, but what can consumers do? There are good mortgage comparison web sites online and there are excellent mortgage calculators that show you how much you can save by moving to a lower priced lender. You can also use a mortgage broker who will offer expert navigation of the market.
The law is also on your side, in that your current lender should not be able to penalise you for leaving a variable rate mortgage and going to another, depending on when you took out the loan.
It doesn’t seem like it at times, but consumers are more powerful than they think.
Just add some confidence, and they will rule this market again.
Mark Bouris is executive chairman of <a href="https://www.ybr.com.au/" rel="nofollow" target="_blank">Yellow Brick Road</a>, a financial services company offering home loans, financial planning, accounting and tax, and insurance.
</body></html>

mbouris-tauSvXGAM2

Banks keep some of RBA's cash rate cuts because borrowers let them

<html><body>
ANZ has cut its variable mortgage rates by 20 basis points today following its monthly interest rate review.
The bank's new standard variable mortgage rate will be 6.0% per annum (6.7% per annum comparison rate). but borrowers must wait until October 19 for the reduced rate to kick in - that's 17 days after the RBA cut the cash rate and the longest wait of all for big four mortgage holders.
It is also five days longer than ANZ usually takes to pass on cash rate cuts, according to recent research by the<a href="/news"> Economic Record</a>. 
The 0.2 percentage point decrease will save customers about $10.75 per week or $560 per year for the average home loan of $280,000.
NAB (new standard variable rate of 6.58%) and Commonwealth Bank (6.6%) have already passed on their rate cuts, with Westpac borrowers having to wait until Monday for the new SVR of 6.71% to take effect.
“Recent stability in wholesale funding markets has been offset by the impact of intense competition for retail deposits as banks seek to improve their funding mix in response to market and regulatory pressures," explanied ANZ Australia chief executive Philip Chronican.
“While this increase in competition is benefiting the majority of our customers through historically high deposit rates relative to the cash rate, last week’s decision from the RBA has provided some scope to once again reduce our variable lending rates."
Variable rates for small business lending will decrease by 20 basis points from October 19.
</body></html>

ANZ cuts variable rates by 20 basis points but borrowers must wait until October 19

<html><body>
Giddy-up punters, short odds are now on a Melbourne Cup Day rate cut on November 6, according to both economists polled by Bloomberg and interest rate futures markets.
The latest Bloomberg poll shows that 21 out of 26 economists polled expect the RBA to cut the cash rate in November.
In addition, swaps traders are pricing in an 80% chance of a cut on November 6.
They’re certainly a lot better odds than Dare to Dream, the three-year-old filly priced at 61 to 1. Mount Athos is the favourite at 8 to 1.
Last year French horse Dunaden won by a nostril from Red Cadeaux. Punters might also remember that the RBA cut the cash rate by 25 basis points to 4.5% on Melbourne Cup Day last yer, the first rate cut since April 2009, when the cash rate fell to 3%.
A rate cut on Melbourne Cup Day this year would bring the cash rate to that historic low, and who knows, perhaps Glenn Stevens, who has been under scrutiny on several fronts, might pick the winning horse as well.
Of the five economists not tipping a rate cut in November – three are well-known foreign-based institutions – Moody’s, JP Morgan and Goldman Sachs and another is also a global entity, Capital Economics, a macro-economic research firm.
The only Australian institution tipping rates to remain on hold is Ausbil Dexia, a boutique fund manager.
</body></html>

Punters can more than ‘Dare to Dream’ about a Melbourne Cup Day cash rate cut: Bloomberg

<html><body>
Only six out of 41 lenders have passed on the full 25 basis points October RBA cash rate cut to their borrowers, according to analysis by mortgage comparison website Ratecity.com.au
Half of them have passed on 20 basis points.
The six lenders that have passed on the full rate cut to date are: bankmecu, Gateway Credit Union, ING Direct, MyRate, UBank and Yellow Brick Road.
Bankmecu offers the lowest standard variable rate of the 41 lenders to have announced rate cuts, with a 5.49% offering, followed by non-bank lender Pacific Mortgage Corp (5.52%), NAB’s online brand UBank (5.57%) and non-bank lender State Custodians (5.64%).
The highest standard variable rate is 7.2% from Arab Bank Australia.
“On the savings front, UBank is the only institution to so far announce a rate drop to its online savings account, passing on the full 25 basis point cut. We’re expecting more institutions to drop their savings rates in the coming weeks,” says Ratecity.com.au spokesperson Michelle Hutchison. 
<table border="1" cellspacing="0" cellpadding="0" width="332"><tbody>
<tr>
<td width="116" nowrap valign="top">
Company
</td>
<td width="68" nowrap valign="top">
SVR change
</td>
<td width="66" nowrap valign="top">
New SVR
</td>
<td width="82" nowrap valign="top">
diff/month for $300K
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Adelaide Bank
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.01%
</td>
<td width="82" nowrap valign="top">
-$38.77
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
AMP Bank
</td>
<td width="68" nowrap valign="top">
-0.17%
</td>
<td width="66" nowrap valign="top">
6.70%
</td>
<td width="82" nowrap valign="top">
-$33.95
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Arab Bank Australia
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
7.20%
</td>
<td width="82" nowrap valign="top">
-$40.77
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Bankmecu
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
5.49%
</td>
<td width="82" nowrap valign="top">
-$47.33
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Bank of Melbourne
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.60%
</td>
<td width="82" nowrap valign="top">
-$39.80
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Bank SA
</td>
<td width="68" nowrap valign="top">
-0.18%
</td>
<td width="66" nowrap valign="top">
6.67%
</td>
<td width="82" nowrap valign="top">
-$35.91
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Bankwest
</td>
<td width="68" nowrap valign="top">
-0.19%
</td>
<td width="66" nowrap valign="top">
6.59%
</td>
<td width="82" nowrap valign="top">
-$37.79
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Bendigo Bank
</td>
<td width="68" nowrap valign="top">
-0.19%
</td>
<td width="66" nowrap valign="top">
6.71%
</td>
<td width="82" nowrap valign="top">
-$37.98
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
BOQ
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.71%
</td>
<td width="82" nowrap valign="top">
-$39.98
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Coastline Credit Union
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
5.79%
</td>
<td width="82" nowrap valign="top">
-$38.37
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Commonwealth Bank
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.60%
</td>
<td width="82" nowrap valign="top">
-$39.80
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
CUA
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.05%
</td>
<td width="82" nowrap valign="top">
-$38.84
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Gateway Credit Union
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
6.19%
</td>
<td width="82" nowrap valign="top">
-$48.92
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Greater Building Society
</td>
<td width="68" nowrap valign="top">
-0.15%
</td>
<td width="66" nowrap valign="top">
6.25%
</td>
<td width="82" nowrap valign="top">
-$29.37
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Heritage Bank
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.34%
</td>
<td width="82" nowrap valign="top">
-$39.36
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Homeloans
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
5.79%
</td>
<td width="82" nowrap valign="top">
-$38.37
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
HomeSide Lending
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.61%
</td>
<td width="82" nowrap valign="top">
-$39.82
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Hume Building Society
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.20%
</td>
<td width="82" nowrap valign="top">
-$39.11
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
ING DIRECT
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
6.09%
</td>
<td width="82" nowrap valign="top">
-$48.70
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Macarthur Credit Union
</td>
<td width="68" nowrap valign="top">
-0.15%
</td>
<td width="66" nowrap valign="top">
6.40%
</td>
<td width="82" nowrap valign="top">
-$29.56
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Macquarie Bank
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.65%
</td>
<td width="82" nowrap valign="top">
-$39.88
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
ME Bank
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.08%
</td>
<td width="82" nowrap valign="top">
-$38.90
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
MyRate
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
5.92%
</td>
<td width="82" nowrap valign="top">
-$48.32
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
MyState
</td>
<td width="68" nowrap valign="top">
-0.21%
</td>
<td width="66" nowrap valign="top">
6.59%
</td>
<td width="82" nowrap valign="top">
-$41.78
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
nab
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.58%
</td>
<td width="82" nowrap valign="top">
-$39.77
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Newcastle Permanent
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.25%
</td>
<td width="82" nowrap valign="top">
-$39.20
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Pacific Mortgage Group
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
5.52%
</td>
<td width="82" nowrap valign="top">
-$37.87
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Police Credit
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.19%
</td>
<td width="82" nowrap valign="top">
-$39.09
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Police Credit Union
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.24%
</td>
<td width="82" nowrap valign="top">
-$39.18
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
RAMS Home Loans
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.55%
</td>
<td width="82" nowrap valign="top">
-$39.71
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
RESI Mortgage Corp
</td>
<td width="68" nowrap valign="top">
-0.20%
</td>
<td width="66" nowrap valign="top">
6.09%
</td>
<td width="82" nowrap valign="top">
-$38.92
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
SCU
</td>
<td width="68" nowrap valign="top">
-0.15%
</td>
<td width="66" nowrap valign="top">
6.44%
</td>
<td width="82" nowrap valign="top">
-$29.61
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
SGE Credit Union
</td>
<td width="68" nowrap valign="top">
-0.18%
</td>
<td width="66" nowrap valign="top">
6.27%
</td>
<td width="82" nowrap valign="top">
-$35.29
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
St George Bank
</td>
<td width="68" nowrap valign="top">
-0.17%
</td>
<td width="66" nowrap valign="top">
6.69%
</td>
<td width="82" nowrap valign="top">
-$33.94
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
State Custodians
</td>
<td width="68" nowrap valign="top">
-0.18%
</td>
<td width="66" nowrap valign="top">
5.64%
</td>
<td width="82" nowrap valign="top">
-$34.27
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Suncorp Bank
</td>
<td width="68" nowrap valign="top">
-0.19%
</td>
<td width="66" nowrap valign="top">
6.69%
</td>
<td width="82" nowrap valign="top">
-$37.94
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
UBank
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
5.57%
</td>
<td width="82" nowrap valign="top">
-$47.52
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Unicredit-WA
</td>
<td width="68" nowrap valign="top">
-0.15%
</td>
<td width="66" nowrap valign="top">
5.70%
</td>
<td width="82" nowrap valign="top">
-$28.62
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Westpac
</td>
<td width="68" nowrap valign="top">
-0.18%
</td>
<td width="66" nowrap valign="top">
6.71%
</td>
<td width="82" nowrap valign="top">
-$35.97
</td>
</tr>
<tr>
<td width="116" nowrap valign="top">
Yellow Brick Road
</td>
<td width="68" nowrap valign="top">
-0.25%
</td>
<td width="66" nowrap valign="top">
6.19%
</td>
<td width="82" nowrap valign="top">
-$48.92
</td>
</tr>
</tbody></table>
 Source: Ratecity.com.au
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