RBA Holds Interest Rates – Is Your Australian Home Loan Still Competitive?
The Reserve Bank of Australia (RBA) has today left the cash rate unchanged at 4.35%.
While there's no immediate change to interest rates, there has been plenty happening behind the scenes. Australian lenders are becoming increasingly competitive, creating opportunities for Australian expats to review their borrowing arrangements and potentially save thousands over the life of their loan.
The Lending Market Is Becoming More Competitive
We're seeing some of the most competitive onshore pricing from lenders including:
People First Bank
Macquarie
ME Bank
MyState Bank
Auswide Bank
For eligible borrowers with lower Loan-to-Value Ratios (LVRs), rates are starting from 5.99% p.a., subject to lender criteria and individual circumstances.
For Australian expats, we're also seeing strong competition from specialist lenders including:
Commonwealth Bank (CBA)
Bankwest
La Trobe Financial
Brighten
Many of these lenders are offering discretionary pricing discounts or flexible lending solutions for Australian citizens living and working overseas.
HSBC Is Exiting the Australian Retail Banking Market
Another important reason to review your home loan is HSBC's decision to exit the Australian retail banking market.
If your mortgage or everyday banking is currently with HSBC Australia, now is an ideal time to review your lending arrangements and understand what your options are moving forward. Rather than waiting for changes to occur, take the opportunity to ensure your home loan remains competitive and aligned with your long-term financial goals.
When Was Your Last Home Loan Review?
If you haven't reviewed your Australian home loan in the last 12 months, now is the perfect time.
A review could help you:
Reduce your interest rate and repayments.
Improve your cash flow while living overseas.
Unlock equity in your Australian property.
Renovate before returning home.
Purchase another investment property.
Fund future lifestyle goals, including a caravan or holiday home for your return to Australia.
We Specialise in Australian Expat Lending
Every expat's circumstances are different. Your country of residence, income currency, visa status and borrowing objectives all influence which lender is the best fit.
At Australian Expat Finance, we work with both major banks and specialist lenders to find competitive solutions for Australians living overseas.
Whether you're living in Asia, the UAE, the USA, Europe or elsewhere around the world, we understand the unique challenges of securing finance while living abroad.
Our specialists are here to help:
Adam Kingston, Founding Director and Asia & UAE Lending Specialist
Shona Stephenson, USA Lending Specialist
Together, we'll compare the market, negotiate with lenders on your behalf, and recommend a lending solution tailored to your circumstances and long-term goals.
Ready for a Home Loan Health Check?
If it's been more than 12 months since your last review—or you're currently banking with HSBC—now is the perfect time to reassess your options.
Whether you're looking to refinance, access equity, or purchase your next Australian property, we're here to help.
Contact Australian Expat Finance today for a complimentary Australian Home Loan Review and discover how much you could save.
The information contained is general information only and does not consider your objectives, financial situation and needs. Please talk to us if you need a fast-tracked home loan, and we can help you find a lender that has the processes in place to process the application quickly. We strongly recommend that you do not act on any information provided on this website without individual advice from your trusted advisor. You should also obtain a copy of and consider the Product Disclosure Statement for all financial products before making any decision.
Australian Expatriate Finance always tries to make sure all information is accurate. However, when reading our website, please always consider our Disclaimer policy.
