Bluestone drops rates following RBA hold

The non-bank lender announced rate reductions across prime and near prime residential home loan products to support brokers and their clients.

The rates are available to Bluestone-accredited brokers and can be accessed via the lender’s broker hub or BDMs.

Tony MacRae, Bluestone’s chief commercial officer, said the recent RBA announcement is disappointing for many brokers and borrowers, but is “pleased to be able to deliver some good news.”

“These rate reductions are about giving brokers more opportunities to support their clients, and helping more Australians access flexible, competitive home loan solutions in a changing market,” MacRae said.

He noted that the drop in rates reflects the proactivity of Bluestone to stay innovative and supportive.

MacRae said it will open doors to brokers working with near prime and prime alt clients – people who may not fit the traditional lending mould, but still deserve a chance to own a home.

“For clients, it means access to fair and flexible lending options without compromising on quality. It’s about empowering brokers to deliver real value and helping more Australians find a way into the property market,” said MacRae.

[Related: ‘Warts and all’: How Bluestone is unlocking broker and borrower opportunities]

Jack Campbell is the editor of Broker Daily. After graduating from the University of Wollongong in 2022, Jack began his journalistic career working on Broker Daily’s sister brand, HR Leader. In August 2023 he was made the news editor and worked alongside some talented journalists writing articles and recording podcasts.

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