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Big 4 Banks Raking In Billions Off Home Loans (Read 382 times)

Bobby.

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Re: Big 4 Banks Raking In Billions Off Home Loans
Reply #15 - May 6^th, 2026 at 2:02pm

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

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. "

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.

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lee Gold Member Offline Australian Politics Posts: 20698 Gender:	Re: Big 4 Banks Raking In Billions Off Home Loans Reply #16 - May 6^th, 2026 at 3:58pm Bobby. wrote on May 6^th, 2026 at 2:02pm: Really? Yes really.
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Bobby.

Gold Member

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Australian Politics

Posts: 119560
Melbourne
Gender: male

Re: Big 4 Banks Raking In Billions Off Home Loans
Reply #17 - May 6^th, 2026 at 4:04pm

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

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

Really?

Yes really. Wink

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.

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lee Gold Member Offline Australian Politics Posts: 20698 Gender:	Re: Big 4 Banks Raking In Billions Off Home Loans Reply #18 - May 6^th, 2026 at 4:11pm 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.
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