<a href="https://www.apartments.com.au/developers/far-east-consortium">Far East Consortium</a> is preparing to commence construction on <a href="https://www.apartments.com.au/new-apartments/640-bourke-street-melbourne-640-bourke-street-melbourne-vic-3000">640 Bourke Street</a> this October, marking the next milestone for the Melbourne CBD development and its higher-end Eliza Collection.

Spanning levels 44 to 68 of the 68-storey <a href="https://www.apartments.com.au/architects/rothelowman">Rothelowman</a>-designed tower, the Eliza Collection has been conceived as a lower-density offering within the broader development, with only five apartments on each floor, dedicated lift access and a collection of resident spaces reserved exclusively for Eliza Collection residents.

The Eliza Collection forms part of Far East Consortium's broader move toward larger-format residences at 640 Bourke Street, where the number of apartments was reduced from earlier plans as apartment sizes increased.

[smartcode_project:default project_id=509 project_image_fid=365685]

"What it's meant for 640 Bourke is we've actually reduced the number of apartments. We've increased the overall size of the apartments. We don't have any studios in here, and what that does for a project is it elevates it," Far East Consortium Director of Sales and Marketing Lauren Sheldon said.

Rothelowman Associate Jun Chang said the design process provided an opportunity to create more generous floorplans.

"We were given the opportunity to be more generous. The apartments became bigger and squarer than any other apartments which had been designed in the CBD before that."

[smartcode_project:default project_id=509 project_image_fid=368869]

That thinking carries through to the Eliza Collection, where the residences have been designed around the space and functionality associated with a larger home, but positioned high above the centre of Melbourne.

Kitchens are equipped with Gaggenau appliances, a butler's pantry, temperature-controlled wine cabinet and sculptural pendant lighting, while engineered timber flooring, stone and porcelain finishes and custom cabinetry feature throughout the broader interiors.

Privacy and security are another point of distinction. Eliza Collection residents have dedicated lift access, while 640 Bourke Street will provide concierge services and secure resident parking. Short-stay accommodation, including Airbnb, will not be permitted within the development.

[smartcode_project:default project_id=509 project_image_fid=365689]

Eliza Collection residents will also have exclusive access to selected amenity spaces across levels one and three of the restored Eliza Tinsley building. These include the Salon with grand piano, an art therapy room, private dining rooms and treatment rooms.

They sit within more than 3,000 sqm of amenity planned across 640 Bourke Street, alongside facilities including a pool, gym, whisky lounge and further social and wellness spaces.

The Eliza Tinsley building itself is central to the wider project's identity. Rather than treating the existing Eliza Tinsley façade as a separate element, Rothelowman used it as a starting point for the architecture of the new tower, with the historic building to accommodate the project's gallery and lobby.

"It's a significant asset and wants to be celebrated and experienced by all residents every single time they go in and out of the building," Rothelowman Principal Stuart Marsland said.

[smartcode_project:default project_id=509 project_image_fid=368872]

The tower will rise behind the retained heritage building at 640 Bourke Street, placing residents within walking distance of Southern Cross Station, Flagstaff Gardens, Queen Victoria Market and the Docklands waterfront.

With construction scheduled to begin in October, Far East Consortium has established an onsite display gallery at 640 Bourke Street, including fully built apartments that allow the project's layouts, materials and finishes to be inspected at full scale.

A fully built Eliza Collection apartment is also available to view at the display suite by appointment ahead of the planned October construction commencement.

Eligible purchasers who buy before construction commences can secure the full available off-the-plan stamp duty savings, subject to eligibility and applicable conditions.

[smartcode_project_cta:default project_id=509]

Joel Robinson

Far East Consortium brings Eliza Collection to 640 Bourke Street ahead of October construction start

By the time S&amp;S Projects began planning <a href="https://www.apartments.com.au/new-apartments/radia-rainbow-bay-271-boundary-street-coolangatta-qld-4225">Radia</a>, the developer already had three Rainbow Bay projects from which to draw.

Flow, Awaken and Esprit had given <a href="https://www.apartments.com.au/developers/ss-projects">S&amp;S Projects</a> experience developing in the southern Gold Coast enclave, as well as buyer feedback that could be carried into its fourth project, a boutique collection of 38 residences at 271 Boundary Street.

“We have experienced a lot of success in this location and as this was our fourth building we had taken all of the learnings and buyer feedback from previous projects to arrive at a design and apartment mix that we believe had captured all of that experience and remained a true S&amp;S Project in its design and amenity,” the developer said.

That experience has translated into a collection of two, three, four and five-bedroom residences including two penthouses positioned on an elevated corner in Rainbow Bay, where the site opens to multiple coastal view corridors and the area's distinctive north-facing bay.

[smartcode_project:default project_id=140491 project_image_fid=284542]

S&amp;S Projects says the Boundary Street site took years to assemble, having previously comprised six units, a house and a duplex. The developer worked individually with the existing owners to bring the properties together after an earlier attempt to sell the site had been complicated by the number of parties involved.

“We are constantly looking for properties that meet our brand standards of location, views, and sites that are rare with unique aspects that we can develop to maximise the lifestyle of residents who live in our buildings,” S&amp;S Projects said.

The Boundary Street site gave <a href="https://www.apartments.com.au/architects/cottee-parker-architects">Cottee Parker</a> a different set of conditions to work with.&nbsp;

“Our design brief was to design a building that took advantage of its unique elevated corner siting offering a range of spectacular view corridor opportunities,” Cottee Parker said.

“The design had to reinforce the strong brand pillars of S&amp;S which are quality, luxury and superior resident amenity.”

[smartcode_project:default project_id=140491 project_image_fid=284543]

Cottee Parker responded with a sculptural floorplate and strong horizontal banding, with continuous balconies and landscaped planters wrapping the building. Operable screens along the balcony edges allow residents to manage light and shade while creating an additional layer of pattern across the facade.

The tower rises above a heavily landscaped podium incorporating the entry lobby and recreational level, while the broader architectural expression takes cues from Rainbow Bay's coastal environment through its organic forms and light material palette.

Cottee Parker says the design has also been developed to complement S&amp;S Projects’ three previous Rainbow Bay developments while retaining its own architectural identity.

Inside, the residences continue that coastal response through two interior schemes centred on warm timbers and neutral tones, alongside patterned natural stone and fluted detailing.

Floor-to-ceiling sliding glass doors connect open-plan living areas to wraparound balconies, while natural stone is used across benchtops, splashbacks and bathroom walls. Specifications also include light-washed timber flooring, gas fireplaces, integrated bar and wine fridges, freestanding stone baths and 100 per cent wool carpet.

[smartcode_project:default project_id=140491 project_image_fid=284559]

Cottee Parker Director Sandra Brown said the intention was to create an architectural response closely connected to its surroundings.

“Imagine architecture that breathes with the rhythm of nature, where every curve and line flows seamlessly – creating spaces that dance with the elements, where sunlight kisses every surface and the gentle sea breeze fills every space,” Brown said.

The lessons S&amp;S Projects carried into Radia also extend to its resident amenity, with a substantial collection of shared facilities planned for just 38 residences.

A dedicated Residents Club will include a lap pool and spa, gymnasium, ice bath, sauna, steam room and hot rocks sauna. A residents' lounge, private dining room, outdoor dining and barbecue area and business centre are also planned, along with storage and dedicated surfboard and beach lockers.

S&amp;S Projects Founding Director Paul Gedoun said the facilities were also designed around the project's Rainbow Bay setting.

“Each amenity is designed to capitalise on the lifestyle of Rainbow Bay, ensuring residents can enjoy the relaxed coastal experience the enclave is famous for,” Gedoun said.

[smartcode_project:default project_id=140491 project_image_fid=284555]

<a href="https://www.apartments.com.au/project-marketer/pezet-matheson">Pezet Matheson</a> says purchasers to date have predominantly included local downsizers, interstate lifestyle investors and families, alongside a strong contingent of repeat S&amp;S purchasers.&nbsp;

According to the project sales team, feedback has centred on the natural stone and joinery, generous floorplans, natural light and the ability for residences to capture views in multiple directions. The completed Flow, Awaken and Esprit developments have also provided prospective purchasers with an existing reference point for S&amp;S Projects' delivery in Rainbow Bay.

There has also been interest from high-profile surfers and people connected to the surf community, with the elevated building providing outlooks towards several of the area's recognised surf breaks.

Radia continues S&amp;S Projects' concentration of development in a tightly held part of the southern Gold Coast, close to Rainbow Bay Beach, Snapper Rocks, Duranbah Beach, Greenmount Beach and the Tweed River. The neighbourhood also includes a growing collection of hospitality venues, while Coolangatta Airport provides connections beyond the southern Gold Coast.

Hutchinson Builders is now delivering Radia, continuing the project from early works privately funded by S&amp;S Projects. The $250 million development is expected to reach completion in the third quarter of 2027.

“With our history in Rainbow Bay, we have been fortunate to be heavily involved in how the development landscape has unfolded and this project slides into the property landscape comfortably and will feel like it was always there,” the developer said.

[smartcode_project_cta:default project_id=140491]

How three Rainbow Bay projects shaped S&S Projects' fourth, Radia

Nearly 40 years after <a href="https://www.apartments.com.au/developers/sheida-group">The Sheida Group</a> began working on the northern Gold Coast, the family-owned developer is continuing its involvement in Hope Island with Marina Point Apartments, where apartment scale has been a central part of the development.

Across the 235-apartment waterfront community, the developer has prioritised larger floorplans, substantial open space and marina access, responding to a purchaser base that has predominantly comprised local owner-occupiers and downsizers moving from larger homes.

"Having already delivered Anchorage nearby, we also understood this particular market and how people live here," developer Rick Sheida said.

"<a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Marina Point&nbsp;Apartments</a> gave us the opportunity to build on those lessons and create the next evolution of our work in Hope Island."

[smartcode_project:default project_id=136992 project_image_fid=293151]

The Sheida Group acquired the Marina Point land around 2018. Its appeal, Sheida says, went beyond having a waterfront address.

"What attracted us was not simply that the site was waterfront, but the way it meets the water," he said.

"It sits at the junction of broad waterways, creating long sightlines, changing views and a sense of movement throughout the day. Its shape also allowed us to orient the buildings outward, improve privacy between residences and make better use of natural light and breezes."

The buildings have subsequently been positioned around the perimeter of the site, allowing most apartments to take in water views while others look across the resort amenity or hinterland. Once all four buildings are complete, approximately one hectare of the site is expected to remain as open space.

The waterfront also provides the potential for up to 50 marina berths, with berths ranging from 15 to 24 metres and options designed to accommodate wider vessels including catamarans. Access from the marina to the Gold Coast Seaway is bridge-free.

[smartcode_project:default project_id=136992 project_image_fid=293149]

The developer says purchasers to date have predominantly been owner-occupiers and downsizers from <a href="https://www.apartments.com.au/new-apartments/marina-point-apartments-hope-island-66-view-line-terrace-hope-island-qld-4212">Hope Island</a> and elsewhere on the Gold Coast, generally aged between 45 and 70. Many have sold larger family homes or properties requiring significant upkeep.

That purchaser profile informed a design brief centred on retaining the space and functionality of a larger home within an apartment format.

"Many of our buyers are coming from large, well-appointed homes in Sanctuary Cove and the surrounding area," the project team said.

"They are accustomed to generous spaces and thoughtful design, so it was important that the apartments delivered the same sense of comfort and functionality.

"Every room needed to feel well proportioned, every space needed a clear purpose and nothing could feel compromised."

Residences range from 139 sqm through to 319 sqm penthouses, with two car spaces provided to apartments and three to penthouses. Minimum 2.7-metre ceilings, floor-to-ceiling glazing, entertainer's kitchens with butler's pantries, substantial storage and balconies ranging from 18 sqm to 37 sqm further reflect the emphasis on space.

One purchaser from Sanctuary Cove has taken the concept further, combining two of Marina Point's largest apartments to create a 552 sqm residence with raked ceilings reaching up to 4.5 metres.

[smartcode_project:default project_id=136992 project_image_fid=293155]

With Building 1 now complete, the developer is also seeing its original design assumptions tested against purchaser feedback.

Three completed display residences allow prospective purchasers to compare apartment sizes, layouts, finishes and outlooks in person. The sales team says one of the most consistent responses has been to the scale of the apartments, with visitors describing them as feeling more like homes than conventional apartments.

The first stage of resident amenity is also operational, including a 25-metre heated lap pool, Technogym-equipped gym, infrared sauna, golf simulator and yoga room. Future facilities are set to include a resort-style pool and spa, waterfront barbecue area and a residents' lounge with a library, fireplace, pool table, kitchen and bar.

Rather than treating the four buildings independently, the design brief called for a complete waterfront neighbourhood, balancing private residences with landscaping, open space, marina access and shared amenity.

[smartcode_project:default project_id=136992 project_image_fid=293152]

For Sheida, Marina Point Apartments is ultimately an extension of the developer's longer-term involvement in Hope Island and its view of how the suburb is evolving.

"We were equally interested in the long-term future of Hope Island," he said.

"Its position between Brisbane and the central Gold Coast gives residents access to both, while improving transport connections are making the northern Gold Coast increasingly attractive as a permanent place to live."

Hope Island Marketplace is 1.3 kilometres from Marina Point, while Sanctuary Cove and Paradise Point are within six kilometres. Links Hope Island, The Pines and The Palms golf courses are also nearby, and the new Hope Island train station is under construction around five kilometres from the development.

Building 2 is under construction, with completion scheduled for 2027.

[smartcode_project_cta:default project_id=136992]

Marina Point Apartments continues The Sheida Group's 40-year Hope Island story

Sydney-based fund manager and developer EG is seeking to turn part of the former Roche pharmaceutical campus in Cromer into a 130-home residential community, introducing a mix of low-rise apartments, townhouses and duplexes to the tightly held Northern Beaches market.

The SJB-designed masterplan has been prepared for the 3.2-hectare site at <a href="https://www.apartments.com.au/new-apartments/100-south-creek-road-cromer-nsw-2099">100 South Creek Road</a>, part of the former Roche landholding that EG acquired for $55 million in 2017 through its Yield Plus Infrastructure Fund No. 2.

EG is proposing what SJB describes as a new "urban village" set within the site's significant existing tree canopy.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="482c9a58-49f1-4c53-a12e-aaa02336229f" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.20.57%E2%80%AFAM.png?VersionId=hZP8_XfPnfNq500dbcjlpVwYU1ebhF9_" />

Around three hectares of the site is considered developable, with the balance incorporating a riparian corridor that would be rehabilitated and revegetated as part of the proposal.

The indicative masterplan comprises approximately 72 apartments in low-rise residential buildings and another 58 townhouses and duplexes.

The apartment component would include around five one-bedroom, 37 two-bedroom and 30 three-bedroom residences, while the townhouse and duplex component would be spread across several different housing typologies. The overall scheme would deliver around 19,500 sqm of gross floor area at an FSR of 0.6:1.

Parking for the apartment component is currently estimated at around 112 resident spaces and 14 visitor spaces, while the townhouse and duplex component would have 116 resident and 12 visitor spaces.

A significant part of the masterplan revolves around retaining the established landscape character of the former Roche campus.

SJB's plans show heavily treed setbacks along both Campbell Avenue and South Creek Road, a centrally located collection of significant native and exotic trees retained as communal open space, and the regeneration of the northern bushland area.

The existing creek corridor along the site's western edge would also be rehabilitated and revegetated, creating additional separation between the new homes and the neighbouring Northern Beaches Business Park.

A heritage-listed cottage and its garden setting would be retained and restored, with SJB flagging its potential adaptive reuse as communal space.

The proposal also includes new communal recreation areas, pedestrian connections to Campbell Avenue and South Creek Road, and a contribution toward improvements to the adjoining Michele Reserve.

Vehicular access would be restricted to South Creek Road, with no vehicle entry proposed from Campbell Avenue. The main internal road would largely follow the site's existing driveway to minimise the impact on established trees.

SJB said residential redevelopment presented an opportunity to retain the majority of the site's heritage-listed mature trees while delivering a broader range of housing types than typically seen across the Northern Beaches.

"The site being 3.27 hectares in area represents one of the largest vacant sites in common ownership in the Cromer and Dee Why area capable of residential renewal," SJB noted in the masterplan.

The architect said the proposal would particularly target housing diversity through townhouses and other "missing middle" typologies suitable for singles, young families, downsizers and retirees.

<img alt="Cromer" data-entity-type="file" data-entity-uuid="e3f5d841-8491-427e-8ada-c70d3d03d6bc" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-24%20at%2011.21.02%E2%80%AFAM.png?VersionId=xTV7r.q8lrTzC9vKzMS9zMbjm9wKwhgm" />

The site emerged following the subdivision of the former Roche campus into eastern and western parcels.

EG has already transformed the western portion into the Northern Beaches Business Park, which incorporates heritage-listed office space, modern warehouses and indoor recreation facilities.

The proposed residential community, referred to as Cromer East in SJB's plans, adjoins established housing to the north, east and south-east, while the business park sits beyond the creek corridor to the west.

It is also within 250 metres of Pittwater House School and Northern Beaches Secondary College, while bus stops within a three-to-five-minute walk provide connections to Dee Why, Brookvale and express services to the Sydney CBD. Cromer Park and the South Creek open space corridor are also nearby.

EG acquired the broader 7.5-hectare former Roche campus in 2017 for $55 million through its Yield Plus Infrastructure Fund No. 2. The campus at the time comprised more than 25,000 sqm of industrial and office buildings set within landscaped grounds.

The current residential site represents the eastern portion of that original holding.

EG's investment strategy for the fund has centred on acquiring income-producing real estate with longer-term rezoning and repositioning potential, particularly assets benefiting from infrastructure and changing land-use patterns.

EG also has an established residential track record across Sydney, including Bosco in Five Dock, Tempo in Drummoyne, The Flour Mill in Summer Hill and Pindari in Randwick.

The developer says it has delivered more than 1,000 homes to date, with a further 3,000-plus residences across its development pipeline.

First look: EG plans 130 apartments on former Roche pharmaceutical campus in Cromer

<a href="https://www.apartments.com.au/developers/s-p-setia">SP Setia</a> has lodged plans for a $750 million, three-tower mixed-use precinct that would complete the long-running redevelopment of Carlton's former Carlton United Breweries site.

The proposal at <a href="https://www.apartments.com.au/new-apartments/185-195-queensberry-street-carlton-vic-3053">46-78 Bouverie Street and 185-195 Queensberry Street</a> spans a 6,468 sqm site, the last remaining undeveloped parcels within the former brewery's 2007 masterplan.

Designed by <a href="https://www.apartments.com.au/architects/cox-architecture">COX Architecture</a>, the development will comprise two purpose-built student accommodation towers and a third build-to-sell apartment tower above a shared commercial podium and basement.

Across the three towers, SP Setia is proposing 606 build-to-sell apartments and 1,499 student accommodation units containing 2,009 beds.

The apartments will sit in the tallest tower, which will rise nearly 200m and 55 storeys. It will become&nbsp;one of the more substantial new build-to-sell apartment projects at the northern edge of Melbourne's CBD.

The apartment mix is weighted toward smaller inner-city product, with 188 studios, 206 one-bedroom apartments, 192 two-bedroom apartments and 20 three-bedroom apartments

<img alt="First look: SP Setia plans three-tower finale for Carlton’s former CUB precinct" data-entity-type="file" data-entity-uuid="8271bc87-1b0a-41b7-ac73-a425ee375261" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/3_2.png?VersionId=G4lw23o90B1boX4k4dj7rdz2ZEajS9wy" />

Part of the precinct will be a large-scale&nbsp;3,684 sqm supermarket and a further 2,198 sqm of speciality retail, creating close to 5,900 sqm of new commercial space within the precinct.

But one of the biggest components of the proposal is what sits between the buildings.

Around 4,650 sqm, or roughly 72 per cent of the site, will be publicly accessible open space, incorporating plazas, pedestrian connections, landscaped laneways and retail spill-out areas.

The ground plane is intended to finally complete pedestrian connections envisaged when the CUB masterplan was first approved nearly two decades ago, stitching together Victoria Street, Queensberry Street, Bouverie Street and Swanston Street through the former brewery precinct.

Urbis said the development would "complete the CUB precinct", with the public realm providing important north-south and east-west connections through what is currently the final undeveloped portion of the masterplanned site.

SP Setia is also exploring a new linear park within the Bouverie Street road reserve, with the concept to be developed further with the City of Melbourne through the planning process.

The proposal is being pursued through the Victorian Government's Development Facilitation Program under Clause 53.23 for significant residential development with affordable housing.

The planning report acknowledges the proposed heights exceed those contemplated under the original Comprehensive Development Plan and masterplan, but argues the built-form context has changed considerably over the past two decades.

Urbis said the three towers would instead create a stepped transition between Carlton and the Hoddle Grid, rising progressively from the 94.1-metre Tower One along the Queensberry Street edge to the 199.44-metre Tower Three closer to the established CBD-scale buildings to the south.

<img alt="SP Setia" data-entity-type="file" data-entity-uuid="e885a07a-592c-40fc-bf82-e6dbaf32da54" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Screenshot%202026-08-21%20at%208.52.24%E2%80%AFAM.png?VersionId=7s_ErUkSKAdY1mAWp3GRZgMNCGtwhk5m" />

SP Setia plans to deliver the development across three stages.

Stage One would deliver the basement, podium and retail areas for the entire precinct alongside the first student tower. Tower Two would follow in Stage Two, before the 606-apartment Tower Three is delivered as the final stage.

If approved and delivered, the project would close out a redevelopment process that has been underway since the former brewery masterplan was approved in 2007, adding more than 2,600 student beds and apartments to a precinct already home to Swanston Central, the Barak Building, RMIT Design Hub and several large student accommodation developments.

&nbsp;

&nbsp;

SP Setia plans three-tower finale for Carlton’s former CUB precinct

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

<html><body>
Aussie Home Loans has announced deep cuts to its Aussie-branded fixed-rate home loans as well as a 5.15% variable rate offering for new customers in the wake of the RBA cutting the cash rate to 2.75%.
The John Symond-fronted brand has dropped its two-year fixed-rate by 0.40%  to 4.89% p.a and its three-year fixed-rate by 0.30% to 4.99% p.a,  effective today.
The new variable offering will take effect from May 15 - it required a minimum 20% deposit and a loan size bigger than $500,000.
“Competition between lenders for a slice of the home loan pie is getting hotter and rates are certainly far more competitive than they have been for some time. Aussie is throwing down the gauntlet to the major lenders, and I’m confident consumers will find there is nothing lower than our two and three year fixed rates on the market,” says Aussie founder and chairman, John Symond.
“It is a good time to consider fixing your loan if you are someone who wants certainty on repayment amounts month to month, but equally there are some great deals to be found on variable rates too, so there’s definitely a great choice and variety out there,” he says.
Aussie passed on the full RBA cut announced last week. 
FIXED RATE COMPARISON TABLE
<table border="1" cellspacing="0" cellpadding="0" style="width: 400px;"><tbody>
<tr>
<td style="width: 70px;" nowrap valign="top">
 
</td>
<td style="width: 70px;" nowrap valign="top">
1 Year
</td>
<td style="width: 70px;" nowrap valign="top">
2 years 
</td>
<td style="width: 70px;" nowrap valign="top">
3 years
</td>
<td style="width: 70px;" nowrap valign="top">
4 years
</td>
<td style="width: 70px;" nowrap valign="top">
5 years
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
CBA Package
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
NAB
</td>
<td style="width: 70px;" valign="top">
5.09%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.55%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
WBC
</td>
<td style="width: 70px;" valign="top">
5.24%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
ANZ
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.84%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
SGB
</td>
<td style="width: 70px;" valign="top">
5.15%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BOM
</td>
<td style="width: 70px;" valign="top">
5.15%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BOQ
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.59%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Aussie
</td>
<td style="width: 70px;" valign="top">
4.95%
</td>
<td style="width: 70px;" valign="top">
4.89%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Suncorp
</td>
<td style="width: 70px;" valign="top">
5.30%
</td>
<td style="width: 70px;" valign="top">
5.34%
</td>
<td style="width: 70px;" valign="top">
5.40%
</td>
<td style="width: 70px;" valign="top">
 
</td>
<td style="width: 70px;" valign="top">
5.85%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
BankWest
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.49%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
ING
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.09%
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
<td style="width: 70px;" valign="top">
5.39%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
RAMS
</td>
<td style="width: 70px;" valign="top">
4.99%
</td>
<td style="width: 70px;" valign="top">
5.25%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Newcastle Permanent
</td>
<td style="width: 70px;" valign="top">
4.98%
</td>
<td style="width: 70px;" valign="top">
4.98%
</td>
<td style="width: 70px;" valign="top">
5.28%
</td>
<td style="width: 70px;" valign="top">
5.64%
</td>
<td style="width: 70px;" valign="top">
5.69%
</td>
</tr>
<tr>
<td style="width: 70px;" valign="top">
Bendigo
</td>
<td style="width: 70px;" valign="top">
5.19%
</td>
<td style="width: 70px;" valign="top">
5.29%
</td>
<td style="width: 70px;" valign="top">
5.44%
</td>
<td style="width: 70px;" valign="top">
5.74%
</td>
<td style="width: 70px;" valign="top">
5.79%
</td>
</tr>
</tbody></table>
AUSSIE SELECT VARIABLE RATES
<table style="width: 414px;" border="0" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td width="137" rowspan="2" valign="top">
Effective May 15, 2013
</td>
<td width="277" colspan="3">
Aussie Select Variable
</td>
</tr>
<tr>
<td width="98">
&lt;$350k
</td>
<td width="85">
$350k-&lt;500k
</td>
<td width="95" valign="top">
$500k+
</td>
</tr>
<tr>
<td width="137" valign="top">
LVR &lt;80%
</td>
<td width="98">
5.20%
 
 
</td>
<td width="85">
5.20%
 
 
</td>
<td width="95" valign="top">
5.15% 
 
</td>
</tr>
<tr>
<td width="137" valign="top">
LVR &gt;=80.00%
</td>
<td width="98">
5.29%
 
 
</td>
<td width="85">
5.29%
 
 
</td>
<td width="95" valign="top">
5.20%
 
 
</td>
</tr>
</tbody></table>
</body></html>

lschlesinger-FZcF9M3vE6

Aussie reduces two and three-year fixed rates below 5% with new variable offering in the mix

<html><body>
Ian Corfield has been appointed as the new Aussie Home Loans chief executive, following the <a target="_blank" href="https://www.propertyobserver.com.au/news/aussie-home-loans-ceo-stephen-porges-resigns-after-commbank-acquisition/2013041560393">resignation of Stephen Porges last month.</a>
He will commence his role on June 3 joining from Bankwest, where he is currently chief executive of its business banking division.
Bankwest is owned by the Commonwealth Bank, which also owns Aussie Home Loans.
Corfield is well experienced in the mortgage broker space having previously held the role of chief executive  for Bankwest's retail banking division between 2007 and 2010.
This included being in charge of its third party mortgage broker business.
Prior to that Corfield held senior roles at the Halifax Bank in the <country-region>UK</country-region> and <country-region>Ireland</country-region>.
“I am really pleased the board has accepted my recommendation to hire Ian, as he was the stand-out candidate in my search for a new CEO," said Aussie founder and executive chairman John Symond.
“He has an impeccable pedigree with relevant experience at the helm of dynamic brands and also has extensive experience managing brands through a corporate transition such as Aussie is experiencing now,” he added.
</body></html>

Aussie Home Loans appoints Bankwest executive Ian Corfield as new CEO

<html><body>
Home loan comparison site Canstar has argued there are benefits of homeowners ignoring the latest RBA interest rate cut and sticking to their original mortgage repayment plan. 
Although the latest interest rate cute offers cash-in-hand savings, those who have stuck to their original repayment over the past 18 months are ahead on their mortgage payments by about a month.
In November 2011, an interest rate of 7.78% meant the minimum monthly repayment on a $300,000 loan was $2,272.
In March 2013, the interest rate was cut to 6.42% and meant the minimum repayment for a $300,000 loan went down to $2,008. 
With the new interest rate of 6.13%, the minimum repayment on a $300,000 loan goes down to $1,961 – a total saving of $47 a month.
However, those who have stuck to the interest rate of 7.78% - a monthly repayment of $2,272 – have a cash buffer of approximately $2,607.
Canstar says this is more than a month of loan repayment up your sleeve and may be useful down the track.
In terms of interest paid, a $300,000 loan with the 2011 rate of 7.78% will see you pay out your loan in 19 years and two months at a total cost of $521,881.
Those who reduce their rates each time the rate is cut will pay off their loan in 25 years at around $603,000.
“That’s a lot of extra interest for the sake of a few more dollars in your pocket now,” says Canstar’s senior research analyst Mitchell Watson.
 
</body></html>

ntrotman-Et3xWpamVh

Ignore the RBA rate cut and you will be better off in the long run: Canstar

<html><body>
Bendigo Bank has announced it will decrease its variable home loan interest rate by 25 basis points to 6.26% p.a.
Customers with an average variable home loan of $250,000 will see their repayments decrease by $41 a month (principal and interest home loan over 30 years).
Under the same banking group, Adelaide Bank has announced it will also reduce its standard variable home loan rates by 25 basis points.
The bank's variable smartfit home loan will reduce from 5.81% to 5.56%.
The lower rates kick in on May 27.
Bendigo and Adelaide Bank managing director Mike Hirst said the rate change aims to create a fair balance for all the bank’s key stakeholders. 
“When setting interest rates our Bank needs to take into account a wide range of factors and carefully consider its key stakeholders including borrowers, depositors, staff, shareholders, partners and the wider community,” Hirst said. 
</body></html>

Bendigo Bank cuts variable home loan rates by 25 basis points

<html><body>
CUA has cut its standard variable home loan rate by 25 basis points to 5.60% - an average of 57 basis points lower than the average of the big fours banks.


It has also announced fixed rate cuts with its three-year fixed rate home loan by 11 basis points to 4.99% and cut its three-year fixed rate premium home loan to 5.30%. 
The rate breaker package product will be reduced to 5.17% while CUA’s one year introductory standard variable rate will be reduced by 25 basis points to 5.22%. 
</body></html>

CUA passes on full rate cut to borrowers with 5.6% standard variable offering

<html><body>
Non-bank lender State Custodians has passed on Tuesday's Reserve Bank interest rate cut  in full across all its variable home loan products.

Its peak performance home loan will reduce to 4.74%, one of the lowest offerings in the market.
“The peak performance loan comes with a free 100% offset account – this helps our customers to further reduce the interest they pay," says CEO Heidi Armstrong.
"In addition we’re increasing the acceptable loan to value ratio (LVR) from 75% to 80% – and making the loan available for both refinances and purchases."
</body></html>

gdwyer-vyxhMDDW5L

State Custodians pass on full rate cut with 4.74% high deposit offering

<html><body>
The dust has almost settled following the RBA’s decision to cut the cash rate by 25 basis points to a 53-year-low of 2.75%.
Reflecting better funding conditions, the Greater Building Society was the standout lender, passing on 30 basis points to borrowers followed by ANZ which passed on 27 basis points, saving borrowers between $50 and $60 per month for those on a $300,000 variable-rate mortgage. 
Nearly all lenders diligently passed on the 25 basis points in full, but from different starting points so even if your lender has passed on the rate cut in full, your new home loan rate may not look that attractive.
Westpac chief economist Bill Evans has also highlighted that while the cash rate may be at a record low of 2.75%, the average standard variable rate is someway off the 2009 low of 5.75% with lenders increasing their margins since the GFC by not passing on rate cuts in full and in some cases, lifted rates independently of the RBA.
RateCity.com.au CEO Alex Parson highlights that prior to the Tuesday rate cut, the benchmark standard variable rate was 6.42%.
“While this is the lowest level since December 2009, it is still 3.42 percentage points above the cash rate and the biggest spread we’ve ever seen,” Parson says.
There's also a big spread in the standard variable mortgage offerings - the benchmark at which all lenders price their home loans - as this table shows, starting from 4.75% and rising to 6.22%:
<div align="center">
<table align="left" style="width: 470px;" cellpadding="0" cellspacing="0" border="1"><tbody>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on more than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Company
</td>
<td nowrap width="37%">
Standard variable
rate movement
</td>
<td nowrap width="30%">
New standard
variable rate
</td>
</tr>
<tr>
<td nowrap width="31%">
Greater Building Society
</td>
<td nowrap width="37%">
-0.30%
</td>
<td nowrap width="30%">
5.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
ANZ
</td>
<td nowrap width="37%">
-0.27%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on the full 0.25% cut
</td>
</tr>
<tr>
<td nowrap width="31%">
Adelaide Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.56%
</td>
</tr>
<tr>
<td nowrap width="31%">
Aussie Home Loans
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank MECU
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank of Melbourne
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bank SA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.22%
</td>
</tr>
<tr>
<td nowrap width="31%">
Bankwest
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.14%
</td>
</tr>
<tr>
<td nowrap width="31%">
BOQ
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Commonwealth Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td nowrap width="31%">
CUA
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.60%
</td>
</tr>
<tr>
<td nowrap width="31%">
Heritage Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.89%
</td>
</tr>
<tr>
<td nowrap width="31%">
IMB
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.91%
</td>
</tr>
<tr>
<td nowrap width="31%">
ING DIRECT
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.41%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
MyRate
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.42%
</td>
</tr>
<tr>
<td nowrap width="31%">
nab
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.13%
</td>
</tr>
<tr>
<td nowrap width="31%">
P&amp;N Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.95%
</td>
</tr>
<tr>
<td nowrap width="31%">
People’s Choice
Credit Union
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Credit
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.74%
</td>
</tr>
<tr>
<td nowrap width="31%">
St George Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
Suncorp Bank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.24%
</td>
</tr>
<tr>
<td nowrap width="31%">
State Custodians
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
5.09%
</td>
</tr>
<tr>
<td nowrap width="31%">
UBank
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
4.87%
</td>
</tr>
<tr>
<td nowrap width="31%">
Westpac
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.26%
</td>
</tr>
<tr>
<td nowrap width="31%">
Yellow Brick Road
</td>
<td nowrap width="37%">
-0.25%
</td>
<td nowrap width="30%">
6.15%
</td>
</tr>
<tr>
<td colspan="3" nowrap width="100%">
Lenders that passed
on less than 0.25%
</td>
</tr>
<tr>
<td nowrap width="31%">
Community First
Credit Union
</td>
<td nowrap width="37%">
-0.22%
</td>
<td nowrap width="30%">
6.12%
</td>
</tr>
<tr>
<td nowrap width="31%">
loans.com.au*
</td>
<td nowrap width="37%">
-0.24%
</td>
<td nowrap width="30%">
4.75%
</td>
</tr>
<tr>
<td nowrap width="31%">
Police Bank
</td>
<td nowrap width="37%">
-0.20%
</td>
<td nowrap width="30%">
5.84%
</td>
</tr>
</tbody></table>
</div>
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Source: RateCity.com.au, ranked by biggest cuts then alphabetically, effective dates vary between lenders/ *For new loans.com.au home loan customers
But as highlighted by Bill Evans, the picture is complicated by discount offerings and very low online home loan rate offerings, these often come with high deposit requirements or a minimum home loan size.
Rate cut announcements made by lenders generally mention the new standard variable rate on offer, but most borrowers would receive some sort of discount off this rate if they take out a packaged home loan, borrow a large enough amount or if they qualify for a discounted special.
This may be an introductory rate (sometimes called a honeymoon rate) or a rate for the life-time of the loan (called a discounted home loan rate).
For example, Yellow Brick Road has cut its standard variable rate to 6.15% but is offering a 1.25% discount of the first 12 months of the loan and 86 basis points off the life of the loan after this period.
Credit union CUA passed on the full rate cut, reducing its standard variable rate to 5.6% on May 20 but will also offer a discounted variable rate of 5.17% under its package offering as well as a honeymoon rate of 5.22%.
NAB may have passed on the full rate cut to borrowers to offer a standard variable rate of 6.13% but many borrowers will be on packaged home loan rates with discounts from 50 to 85 basis points.
Some eyebrows though may be raised at NAB’s online offering Ubank, which will offer a discounting refinancing rate of 4.87% when its cheaper online rates kick in on May 17.
Non-bank lender State Custodians has cut its standard variable rate to 5.09%, but will offer its peak performance loan at a very low 4.74%, with a 20% deposit requirement.
A rate cut should rightly spur some borrowers on variable rate loans or those with fixed rate loans (where the term will soon expire) to review their current mortgage and the rate they are paying together with any fees as well as the benefits and perhaps put in a call to their mortgage broker or lending manager.
But certainly you should not rush into a refinancing your home loan until you have a comprehensive understanding of the costs and fees involved, your personal circumstances and long-term objectives and what refinancing will actually mean in terms of paying off your home loan.
Signing up to an eye-catching low rate because the online offer will expire in 10 days is where the expression “only fools rush in” is most apt.
A good starting point is to arm yourself with knowledge.
Download a <a target="_blank" href="http://propertyobserver.com.au/ebooks/free-ebook-12-tips-for-refinancing-your-mortgage">free copy of the Property Observer ebook: 12 tips for refinancing your mortgage</a> and watch the free Property Observer webinars <a target="_blank" href="/news">Refinancing and the interest rates riddle</a> and the <a target="_blank" href="/news">The Do's and Don'ts of Refinancing Your Existing Home Loan - and How to Avoid Unnecessary Hurdles</a>.
</body></html>

Home loan rates guide: What's now on offer and what you should be considering after the historic RBA cash rate cut

<html><body>
ANZ has cut its standard variable mortgage rate by 27 basis points, the first time the bank has cut rates by more than the RBA's official cash rate reduction since announcing its independent interest rate review in December 2011.
Westpac, NAB and the Commonwealth Bank have all passed on 25 basis points to borrowers.
Only the Greater Building Society has passed on more than ANZ with its <a href="/news">30 basis point rate cut announced yesterday</a>.
ANZ's standard variable rate will reduce from 6.40% to 6.13% from May 17 (6.23% p.a. comparison rate) and will steal some of NAB's thunder.
NAB has claimed the lowest standard variable rate for the past 46 months, but must now share that title with ANZ.
NAB will reduce its variable rates from May 13.
The Commonwealth Bank will reduce its standard variable rate to 6.15% on May 13 with Westpac the outlier with a standared variable rate of 6.26% from May 20.
The 27 basis point decrease will save ANZ customers about $60 per month or $750 per year for the average home loan of $280,000.
Since announcing it would go it alone on interest rates, ANZ has twice lifted the cash rate independently of the RBA
It increased variable rates by 6 basis points in February last year and by 6 basis points in April.
“This month we reviewed a range of factors including the Reserve Bank’s decision to decrease the official cash rate this week, our competitive position and a recent easing in the cost of our wholesale funds," said ANZ CEO Australia Philip Chronican
“While competition for deposits remains strong, our overall funding cost position hasallowed us to reduce variable mortgage rates by 0.27%pa.
“This decision reflects ANZ’s approach to reviewing retail lending rates each month which includes an assessment of our overall funding costs and I’m pleased our mortgage customers will see a benefit this month,” he said.
ANZ also said that variable rates for small business lending would decrease by 25 basis points.
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ANZ beats the RBA and all rival lenders bar one with 27 basis points rate cut

<html><body>
Lenders have been offering a variety of incentives to borrowers as interest rate fluctuations focus peoples’ attention on whether to switch lenders.
Queensland-based lender Firstmac is offering a <a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CFoQFjAA&amp;url=https%3A%2F%2Fwww.firstmac.com.au%2Fhome-loans%2Fbroncos-home-loan&amp;ei=9zOLUfS8DqaaiQe4jICQCw&amp;usg=AFQjCNFV8RKLurkXwDrbzxpbpXHwZln7_g&amp;sig2=IVQCiUEhfuJrLKutHWSLMw&amp;bvm=bv.46226182,d.aGc">three-year family membership to Brisbane Broncos </a>rugby league team on its 5.21% (5.26% comparison rate) Broncos loan.
<img alt="broncosmay10one" height="245" width="470" src="/images/stories/2013/05/broncosmay10one.jpg">
The Broncos last won a premiership in 2006.
Loans.com.au is offering a <a target="_blank" href="https://www.loans.com.au/our-loans/blackboard-special">special rate of 4.75%</a> (4.77% comparison rate) for home owners looking to refinance before May 20.
<img alt="loansmay10one" height="221" width="470" src="/images/stories/2013/05/loansmay10one.jpg">
RAMS is offering refinancers <a target="_blank" href="https://bs.serving-sys.com/BurstingPipe/adServer.bs?cn=tf&amp;c=20&amp;mc=click&amp;pli=7012332&amp;PluID=0&amp;ord=%5Btimestamp%5D%20">$1000 in cash</a> if they choose any RAMS loan for those applying before the end of May.
The Bank of Melbourne is offering those who switch <a target="_blank" href="https://www.google.com.au/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=1&amp;cad=rja&amp;ved=0CFoQFjAA&amp;url=http%3A%2F%2Fwww.bankofmelbourne.com.au%2Fpersonal%2Fhome-loans%2Fswitch-offer%3Fpid%3Dweb%3Ahome-cfeature-hloffer-mar13&amp;ei=DjSLUeHjIeTwiAek74GACQ&amp;usg=AFQjCNGzd4h44K3hyV96hBs3P3L3c19lCQ&amp;sig2=RMlSSU1qqWTq6hWNAWFmDA&amp;bvm=bv.46226182,d.aGc">$700 in cash</a> for those applying before the end of July.
<img alt="bankofmelbournemay10one" height="237" width="470" src="/images/stories/2013/05/bankofmelbournemay10one.jpg">
Mozo has brought back its <a target="_blank" href="https://mozo.com.au/mystery-bank-deal">mystery bank deal</a> and is offering switchers 5.33% (5.35% comparison rate).
UBank is offering a <a target="_blank" href="https://www.ubank.com.au/ubank/web/products/home-loan/refinance/refinancing-overview?_afrLoop=124791503534000&amp;_afrWindowMode=0&amp;_afrWindowId=null#%40%3F_afrWindowId%3Dnull%26_afrLoop%3D124791503534000%26_afrWindowMode%3D0%26_adf.ctrl-state%3D1dh8n5adaw_9">0.25% per annum upfront discount</a> offer for a limited time with a variable rate of 4.87%.
And Coastline Credit Union is offering switchers <a target="_blank" href="https://www.coastline.com.au/Personal-Banking/Publications/News/Art56.php">$750 in cash</a> to switch over to their offering.
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awalsh-7Ub9EypybQ

Lenders offer varied incentives to attract loan switchers

<html><body>
ME Bank has cut its standard variable mortgage rates by 0.25% following the RBA’s decision to lower the official cash rate to 2.75% p.a. 
Home loans marketed by the lender are available to eligible super funds and unions and currently more than 50 basis points lower than that of the nearest major bank.
However, the new rates are only effective from May 28 -  a full three weeks after the cash rate reduction.
The standard variable rate drops from 5.88% p.a. to 5.63% p.a., and the member package variable rate drops from 5.68% p.a. to 5.43% p.a. (for customers borrowing up to $500,000). 
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