Homeloans customer benefits story

Here’s a story that will put a smile on your face if you’re a Homeloans customer and looking at buying a brand new car in the near future.

Our latest story comes from South Australia where one of our lucky customers used their Member Advantage membership to purchase their new wheels and saved themselves a whopping $4,000!

Who knows what you could spend that extra $4,000 on? You could go on a holiday or even upgrade your new car to include the luxury pack!
Click here to find out what you can save just by using your Homeloans customer benefits program.

Homeloans Home Buyer Barometer

Skyrocketing cost of living outstrips rising interest rates concerns, according to latest home buyer research

Although Australians are bracing for an interest rate rise ahead of Christmas, home buyers are currently more concerned about the rising cost of living, according to the latest Homeloans Home Buyer Barometer.

The survey by non-bank mortgage provider Homeloans Ltd of more than 2000 current and potential homebuyers from across Australia showed that skyrocketing everyday living expenses far outstrips interest rates as their greatest financial concern over the next 12 months (34 per cent compared with 24 per cent). And interest rates were less of a concern than they were in April, when they were the number one financial concern amongst home buyers (32 per cent compared with 28 per cent for increasing living expenses.)

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Flaming fantastic!

The Australian backyard is defined by the iconic hub around which we meet and greet friends and family – and inevitably “throw a prawn” on – the beloved Aussie barbecue.

We Aussies don’t shy away from the icons that made a name for us on the world stage. Our beaches, vegemite, the koala, Croc Dundee and the humble (or these days not so humble) Aussie barbie from which our national fare springs forth from. Read more...

Discounted movie tickets for Homeloans customers!

You can save next time you go to the movies thanks to our customer benefit partner, Member Advantage. Discounts apply to movie ticket sales at most national cinema chains.

A range of ticket discounts apply, included peak and off-peak options, and you can even save on candy bar purchases!

To find out how to redeem this offers, and for more about the Homeloans customer benefit program click here.

Homeloans latest figures show…

…that high property prices are the greatest barrier to home ownership, followed by saving for a deposit and ability to meet repayments. Will this change if interest rates rise later in the year?

Find out how much you may be able to borrow and what your repayments may be using Homeloans’ loan calculator.

Rate increase before the end of the year?

The big financial news for October, and more importantly the good news for mortgage borrowers, was the Reserve Bank’s decision to keep the cash rate unchanged.

“This was undoubtedly a surprise to the market,” says Scott McWilliam, Homeloans’ general manager of funding and operations.

The expectation of interest rates going up was so great that, in the hours leading up to the RBA decision, the Futures market was pricing a 75% chance of a 25 basis point rate hike.

However, just because the RBA elected not to increase the cash rate in October doesn’t mean that it will do the same later in the year. Read more...

Interest rate decrease : Homeloans Ltd bucks the trend

MEDIA RELEASE
11 October 2010
 
Homeloans Ltd bucks the trend
Mortgage rate reduced by 0.31 per cent

National mortgage provider Homeloans Ltd today announced it has dropped the rate on its popular full-doc MoniPower loan by 0.31 per cent.

Greg Mitchell, Homeloans’ general manager retail, calls the move “a positive development at a time when borrowers are expecting bad news.”

“It’s widely expected the Reserve Bank will decide to increase interest rates when it meets in November,” Mitchell says. “In addition, pundits are predicting that major banks will soon be lifting rates – over and above any official tightening in interest rates by the RBA – but we’ve bucked the trend and done the opposite.
“This further demonstrates that Homeloans is continuing to consolidate its position as a competitive alternative to the banks.”

The Homeloans MoniPower loan is a fully-featured loan with 100 per cent offset facility, no monthly or annual fees and very flexible credit criteria. It now sits at a very competitive 6.79 per cent, alongside the Homeloans Ultra which starts at 6.59 per cent.

For Homeloans interest rates visit our interest rates page.

Exclusive 10% discount on Intrepid Travel tours!

Member Advantage is proud to announce their newest partnership with Intrepid Travel, one of the world's leading operators of small group tours.

As a Homeloans customer, you can receive 10% discount* off the listed price on Intrepid Travel land tours!

Choose from over 1000 trips available in over 300 destinations throughout Europe, Asia, Africa, Latin America, North America, The Middle East & Australasia. Whatever your taste, let Intrepid take you on a journey you’ll never forget.

Click here to find out more about Homeloans customer benefits.

RBA decision for October

At its meeting today, the Board of the Reserve Bank of Australia decided to leave the cash rate unchanged.

Homeloans’ latest research shows…

...that despite a predicted increase this week, interest rates are far less of a concern than they were in April this year, when they were the number one financial concern amongst home buyers. Increased living expenses are now the biggest worry. Time will tell as to what impact the next rate movement will have on consumer sentiment…

Click here to view Homeloans’ current interest rates and loan options.