Big 4 banks are raking in billions off home loans   :(
2026-05-05
greens.org.au
The big four banks - CBA, NAB, Westpac and ANZ - made a profit of $16.9 billion from owner-occupier home loans in 2025, new data by the Australia Institute shows.

Over the life of an average 30 year owner-occupier mortgage, the big four banks make nearly $229,000 in profit. That’s just over $11,000 in the first year of a new loan, which equates to $926 each month or $214 per week.

While owner-occupier loans make up 22.7% of the assets of the big four banks, profit on these loans made up 39.3%. The banks are disproportionately capitalising off owner-occupier mortgages.

As anxious households await yet another potential interest rate hike, the NAB has announced half-yearly profits of $2.75 billion, while ANZ’s profits rose to $3.65 billion.

The Greens say the big banks are the real winners of Trump’s invasion-induced inflation spike, while owner-occupier borrowers pay the price. And it’s an especially big price for first home buyers.

Lines attributable to Greens spokesperson for Finance, Housing and Homelessness Senator Barbara Pocock:

“While households anxiously await another possible rate increase amid rising grocery and fuel prices, the banks are making a motza off the housing crisis and fuel inflation.

“Millions of people are already in mortgage stress, caught in a painful cost of living and housing crisis. Another rate increase will punish households already doing it tough and not the billionaires and big corporations who are profiting off inflation.

“Anyone with a mortgage with one of the big banks is helping accelerate massive bank profits, while millions of renters cop it through unfair rent rises.

“Hard working Australians are looking at the big banks’ obscene profits and asking: how is this fair?

“Every time the RBA puts interest rates up, mortgage holders and renters pay the price, while the big banks increase profits directly out of the pockets of owner-occupiers and first-home buyers.

“For decades the major banks have made enormous profits price-gouging on people’s mortgages, contributing to the pain of inflation.

“Australians have had enough. They’re fed up with seeing the banks and wealthy property investors profit from a housing crisis, while wages aren’t keeping up with house prices and inflation.”

yep and it looks like rates will be going up again 0.25% today -

the RBA is ready to announce it at 2.30pm.

Yes. banks should lend at no interest. ::)

$239k over 30 years? $8k a year flat, that's horrendous.

https://au.finance.yahoo.com/news/rba-interest-rate-decision-live-michele-bullock-tipped-to-bring-australia-back-to-square-one-231214578.html


RBA decision incoming

OK then. We’re less than half an hour away from the RBA’s decision at 2.30pm (AEST). 

We’ll be bringing you that as soon as it drops, followed by all the key details on the accompanying monetary policy statement. 

We’ll likely hear from Treasurer Jim Chalmers shortly after, before Michele Bullock steps up to address the media at 3.30pm.

Sit tight.

https://au.finance.yahoo.com/news/rba-interest-rate-decision-live-michele-bullock-tipped-to-bring-australia-back-to-square-one-231214578.html


Hello and welcome to Yahoo Finance’s live coverage of today’s RBA interest rate decision. The Reserve Bank has delivered a third consecutive interest rate hike,

lifting the cash rate to 4.35 per cent.

The hikes effectively wipe out the three cuts of 2025, bringing the cash rate back to the peak of the previous cycle.

And some banks and economists believe Michele Bullock and the Reserve Bank board aren’t done yet.

Westpac has gone as far as predicting there will be two more hikes in 2026. If that materialises, the cash rate would reach a high not seen since 2008, nearly 18 years ago, heaping even more pressure on cash-strapped Australians.

Follow along as we bring you everything you need to know about today’s decision, as well as all the reaction.

Mass uncontrolled immigration caused the inflation
especially on house and rent prices.

It's all Albo's fault.

... and most of it is the cream off the top of mortgages - at a time when families trying to own a home are foundering due to the dreadful economic management on ALL sides, and especially the current insanity of pumping in millions of people... so that for the few years that most 'families' these days manage to survive under the pressure of sheila's Entitlement Complex and all the rest (no more pork stir fry for most of you idiots once you trash your home and family team), they pay off buggar all of the loan and the bganks never lose even if they have to sell it up....

The RBA should get a foot up its clacker and start hunting dwn the banks first...and stop sticking it to those with the least.  Let thos profiteering from it pay their way for a change - take a turn in the barrel.

And what is the Reserve Bank anyway?  Not a bank - it's the banks' head office central clearing house for their ideas on how to profit more, dedicated to endless profit for the banks... and somehow we let THEM dictate to us how our finances will be run....  I say boot them out along with all the other parasites and start with a fresh deck of unmarked cards.

Just one more buch of REAL Fascists operating in this country as they have been doing for decades now, and even centuries.

Sir Grappler Truth Teller OAM wrote on May 5^th, 2026 at 5:41pm:

... and most of it is the cream off the top of mortgages - at a time when families trying to own a home are foundering due to the dreadful economic management on ALL sides, and especially the current insanity of pumping in millions of people... so that for the few years that most 'families' these days manage to survive under the pressure of sheila's Entitlement Complex and all the rest (no more pork stir fry for most of you idiots once you trash your home and family team), they pay off buggar all of the loan and the bganks never lose even if they have to sell it up.... The RBA should get a foot up its clacker and start hunting dwn the banks first...and stop sticking it to those with the least.  Let thos profiteering from it pay their way for a change - take a turn in the barrel. And what is the Reserve Bank anyway?  Not a bank - it's the banks' head office central clearing house for their ideas on how to profit more, dedicated to endless profit for the banks... and somehow we let THEM dictate to us how our finances will be run....  I say boot them out along with all the other parasites and start with a fresh deck of unmarked cards. Just one more buch of REAL Fascists operating in this country as they have been doing for decades now, and even centuries.

The Banks make all the money and take no risk.

Bobby. wrote on May 5^th, 2026 at 5:44pm:

The Banks make all the money and take no risk.

only in that mythical perfect world where no one defaults, goes bankrupt. ::)

lee wrote on May 5^th, 2026 at 6:34pm:

Bobby. wrote on May 5th, 2026 at 5:44pm: The Banks make all the money and take no risk. only in that mythical perfect world where no one defaults, goes bankrupt. ::)

If a customer goes bankrupt the bank sells the house
and gets all their money back.    ::)

In more civilized countries, home loans are at a much lower rate than any other loans.
And the fees and charges are far less too.


I remember, once if you put money on the bank, no matter how little, you could be sure the amount would slowly grow.
Now, you watch as fees and charges eat up your principle until you actually owe them ,only.
Think on that, they use your money to make money, and then charge you for the previlidges.

I have a credit card, I use it for all my bill, and charges, but pay it off before any interest is charged.
Been doing it for decades.
My principle only grows and is used to pay off the credit card when it comes due.
I have probably made up any charges with interest on my principle.

Banks are crooks, no doubt about it, but you can use them is you are smart.

Bobby. wrote on May 5^th, 2026 at 6:49pm:

lee wrote on May 5th, 2026 at 6:34pm: Bobby. wrote on May 5th, 2026 at 5:44pm: The Banks make all the money and take no risk. only in that mythical perfect world where no one defaults, goes bankrupt. ::) If a customer goes bankrupt the bank sells the house and gets all their money back.    ::)

In a rising price market they can't lose there - but even if they do they go after the doomed former home owner for any balance plus all costs ... which can be a small fortune - and this after sucking the top cream for years already via compound interest.

They are vultures pure and simple and it is way past time they and the 'reserve bank' were booted into line, same as many other things in this Poor Fellow - My Country!

Know what else?  They get pooey if you pay a loan off early - and actually charge you for doing that.

Do they or do they not need their arses kicked?

Bobby. wrote on May 5^th, 2026 at 6:49pm:

If a customer goes bankrupt the bank sells the house and gets all their money back.

That will depend on multiple factors. Location, state of the market, state of the house and yard, unpaid rates. ::)

lee wrote on May 6^th, 2026 at 1:18pm:

Bobby. wrote on May 5th, 2026 at 6:49pm: If a customer goes bankrupt the bank sells the house and gets all their money back.    That will depend on multiple factors. Location, state of the market, state of the house and yard, unpaid rates. ::)

I never heard of a bank losing money on a house.
They have at least 20% deposit before lending on it.   ::)

Bobby. wrote on May 6^th, 2026 at 1:49pm:

They have at least 20% deposit before lending on it.

Not necessarily. Shop around. A 20% deposit means you pay less on repayments, Some start at 5%.

"Eligible borrowers can access lower deposit options through the Australian Government 5% Deposit Scheme. "

lee wrote on May 6^th, 2026 at 1:55pm:

Bobby. wrote on May 6th, 2026 at 1:49pm: They have at least 20% deposit before lending on it. Not necessarily. Shop around. A 20% deposit means you pay less on repayments, Some start at 5%. "Eligible borrowers can access lower deposit options through the Australian Government 5% Deposit Scheme. "

Really?

The first place I bought had a 20% deposit -
the 2nd place an 80% deposit -
the 3rd place I bought outright - no loan needed.     :)

Bobby. wrote on May 6^th, 2026 at 2:02pm:

Really?

Yes really. ;)

lee wrote on May 6^th, 2026 at 3:58pm:

Bobby. wrote on May 6th, 2026 at 2:02pm: Really? Yes really. ;)

But doesn't the Govt. give some kind of guarantee on that 5% deposit option
if it all goes belly up?

examples:

People can lose their job,
they can become ill and can't work,
their marriage can break up,
they can die in a car accident -

things happen.

Yes they do. I had a 5% deposit in Darwin in 2000, due to my being a government employee. I was almost broke after the divorce.  It was not due to the current 5% loans.