November RBA announcement

Looking for good odds this Melbourne Cup? While most Australians will be focussed on finding a hot tip for today’s race, we’re on the hunt for ways we can help you win at home loans over the long-term. Today, the RBA chose to keep the cash rate at 1.50%. Pop the champagne! (Although I’m sure you don’t need encouragement on today of all days.) Another reason to celebrate might be yesterday’s announcement by the NSW government to overhaul residential stamp duty in New South Wales by July 1 next year. The change comes amidst ongoing concerns of housing affordability, especially in Sydney. Although the stamp duty reform won’t come into effect until mid-2019, it’s expected to help more Aussies achieve the dream of owning their own home. It’s a small step in the right direction. So, that’s a win, right? And, with NSW shaping to be the first state to index stamp duty brackets to the consumer price index, other states might follow their lead. Get in touch if you’re in the market to purchase soon. We’ve got the whole stamp duty thing sorted and can help you get started on your search. But maybe you already own a home, so who cares about stamp duty changes? Don’t drop the bit, there’s some good news for you too. We’ve done our homework. Well, we found a way you could save thousands of dollars on your loan in minutes and has an 84% success rate*. (Odds like that, even the mug punters would be backed off the map.) And the crazy thing is, two-thirds of us don’t use it! It sounds wild, but we discovered that 67% of Australians who have a home loan haven’t asked their bank for a rate drop. Are you one of those people? If so, your best bet for today might be to make a simple phone call to your bank and demand (that’s right, demand!) they drop the price on your home loan. UNO Home Loans CEO Anthony Justice said, “When it comes to home loan discounts, it’s a case of don’t ask, don’t get.” “Your bank is infinitely more likely to give you a discount if you put the heat on them and demand a better deal. Lenders save their best deals for their toughest customers.” So what tricks do the toughest customers use to take on their bank and win? More than 15% got heavy handed and threatened to dump their bank, 12% used an offer from a rival lender and 12% asked a broker to take on their bank for them. But you might be a little shy and a bit scared. That’s okay. It’s actually fairly common to feel like you’ll just end up being rejected because you’re not eligible for a discount or the whole thing is just too awkward. You’re not alone. From what we found, 30% of people don’t feel entitled to a discount and another 20% felt too uncomfortable to ask. That’s where we come in. Like I said, we’re always looking for ways to help you win at home loans. If that means checking in with your current bank or looking for a better deal somewhere else, we’re here to help. If you don’t know how to ask or just haven’t got around to it, drop us a line and we’ll race to your side. For now, back to that champagne! It’s important to note that the information we give here is general in nature – no matter how helpful or relatable you find our articles. Even if it seems like we’re writing about you, it’s not personal or financial advice. That’s why you should always ask a professional before making any life-changing decisions.*Survey of 1,500 Australian mortgage holders conducted by CoreData on behalf of uno Home LoansBook a call in with UNO

5 stars for our service reviews from clients

Book Call Now

UNO home loans

Try Plans, by UNO
Mortgage calculators completely reimagined
Get Started
Considering a purchase or refinance?

Try Plans by UNO

Mortgage calculators completely reimagined
Get Started
☎️ 🚫 No cold call promise

Related Articles

TESTIMONIALS

What our customers are saying

Dylan Aubrey
May 31, 2025
5 stars for our service reviews from clients
Jesse did a great job with helping me secure my loan, will be using him again in the future
Read more
Tom Deal
May 30, 2025
5 stars for our service reviews from clients
This is the second time I’ve worked with Mike Parsons, and I wouldn’t go anywhere else for mortgage advice. He’s extremely knowledgeable, responsive, and always happy to help. Mike takes a consultative approach, presenting clear options and making the whole process stress-free. Friendly, professional, and genuinely invested in getting the best outcome. Highly recommend and will definitely use him again!
Read more
ShelleyGawith Functional Nutrition
May 27, 2025
5 stars for our service reviews from clients
Paul was amazing to work with. He went out of his way to help us with every last question. He sorted everything out for us, was a wealth of knowledge in terms of who else to use to support us in the buying process. He made moving from New Zealand so easy. He explained everything to us in an easy to understand way. He really worked for us!!! Plus he's such a lovely funny guy, super approachable. Super responsive, has a great team. Totally took care of us in the whole process. I can't wait to use Paul again and would recommend him to every kiwi moving over and all our aussie friends :)
Read more
Matt Carter
May 21, 2025
5 stars for our service reviews from clients
Paul from Uno has been amazing. Made it so easy! Highly recommend and made the finance process much more enjoyable experience for us.
Read more
Timothy Semsarian
May 17, 2025
5 stars for our service reviews from clients
UNO went above and beyond to help my wife and I with our home loan and settlement. Couldn’t recommend them enough - Jake Wood was an absolute legend! Kept us informed during the whole process and was very thorough with his work, even with a very tight timeframe. Thank you again for all your help, and looking forward to continue using your services!
Read more
Patti Jo Mogensen
May 16, 2025
5 stars for our service reviews from clients
100% Rockstar. We found Paul and Uno Home Loans from recommendations from people who had used his services. We know understand why he comes so highly recommended. We definitely put Paul and his team under pressure due to an oversight our end which meant that he had to don his superman cape and work miracles for us. We didn't appreciate the very very short window we created for ourselves (think less than two weeks for settlement). Paul was able to wave his magic wand, come up with multiple solutions to our situation and make it all happen seamlessly. It goes without saying then, without reservation that we recommend Paul and his team as our trusted mortgage advisor! Thanks again Paul. *****The limoncello is on route we promise :)
Read more
Lani Wards
May 13, 2025
5 stars for our service reviews from clients
Paul Davey worked very hard to get us the mortgage we required for our investment property. He is knowledgeable and approachable. Thanks Paul!
Read more
Michael Badham
May 13, 2025
5 stars for our service reviews from clients
Our entire process with Uno went very well. We had a unique set of requirements for our loan and our super friendly broker Mike Parsons managed to secure us the perfect outcome. Mike also worked above and beyond our expectations to make sure the whole process of completing the documentation of switching banks went smoothly.
Read more
Vanessa Koster
May 13, 2025
5 stars for our service reviews from clients
The service recieved from Paul was fantastic. He made the whole process stress free & easy. We started the process from NZ & Paul had everything ready for approval as soon as we landed in Aus. I would highly recommend Paul if you require a mortgage. You won't be dissapointed.
Read more
Peta Hemmings
May 13, 2025
5 stars for our service reviews from clients
Paul has been amazing throughout our entire home loan process, we have recommended him to many of our family and friends. He has been extremely helpful and professional right from the beginning.
Read more
Ryan Whittle
May 12, 2025
5 stars for our service reviews from clients
Highly recommended, Paul and his team made the process very streamlined delivering the best possible results.
Read more
Tiana Perez
May 10, 2025
5 stars for our service reviews from clients
Paul and Dalby were incredible to deal with, from the first interaction with Paul a few months prior, to getting approval to purchase, through to the last minute helping us with the final settlement details. Their communication was second to none and they truly went the extra mile. Paul managed to get us more borrowing power than dealing with the bank directly. I couldn't recommend Paul and his team enough. Paul and Dalby, thank you so much for putting hours and hours of work into our application. We really appreciate it!
Read more