Non-bank lender offers 0.30% investor loading reprieve ahead of potential rate hike
Bluestone Home Loans will temporarily remove its standard 0.30% per annum investor loading on eligible applications lodged between today, 19 January and 13 February, in a move aimed at the residential investment market.
The offer applies to qualifying investor loans that proceed to settlement within six months of application. It does not extend to SMSF, expat, commercial or construction lending.
The initiative comes against a backdrop of rising investor activity. The value of new investor lending increased by 13% in the September quarter, according to the Australian Bureau of Statistics.
The timing also coincides with market expectations that the Reserve Bank of Australia may lift the cash rate in February, prompting brokers to reassess how and when clients lock in new debt.
Bluestone said the temporary change is intended to support mortgage professionals working with investor clients in a shifting rate environment.
“We know brokers are working hard to help their clients navigate a changing market,” said Tony MacRae (pictured top), chief commercial officer at Bluestone. “By waiving our investor loading for a limited time, we’re giving brokers a competitive edge and helping investors secure the best possible deal before rates move. It’s about making lending more accessible and supporting brokers to grow their business.”
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