RBA Keeps Cash Rate Unchanged at 4.35% Amid Persistent Inflation Concerns

September 24, 2024 Home Loans by Administrator

In its latest meeting, the Reserve Bank of Australia (RBA) decided to keep the cash rate unchanged at 4.35%, and the interest rate paid on Exchange Settlement balances at 4.25%. The decision comes as inflation remains persistently high, though it has eased since its peak in 2022. Despite some progress, inflation remains above the RBA’s
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Commercial Loan Interest Rate Update – Variable Fixed Rates

September 3, 2024 Home Loans by Administrator

As of September 2024, commercial loan interest rates in Australia are averaging around 6.75% for variable-rate loans and 7.10% for fixed-rate loans, depending on the loan type and borrower’s risk profile. The Reserve Bank of Australia (RBA) has kept the official cash rate steady at 4.10%, influencing lenders to maintain stable rates for commercial borrowing.
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Home Loan and Investment Property Loan Interest Rates

September 3, 2024 Home Loans by Administrator

As of September 2024, residential home loan interest rates in Australia are averaging around 6.15% for variable-rate loans and 6.50% for fixed-rate loans, reflecting the stable environment following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.10%. Investment loan rates are slightly higher, with variable rates around 6.50% and
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Residential & Investment Home Loans Australia: September 2024 Update

September 3, 2024 Home Loans by Administrator

The Australian housing market continues to evolve, with significant implications for both residential home loans and investment loans. As we approach September 2024, it’s crucial to understand the current trends and factors affecting these loan types. Residential Home Loans [Insert a table or graph illustrating the current home loan interest rates for various residential home
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September 2024 Commercial Loan Interest Rate Update – Australia

September 3, 2024 Home Loans by Administrator

September 2024 Commercial Loan Interest Rates and Insights for Australian Businesses As we step into September 2024, Australian businesses are closely monitoring the commercial loan landscape, particularly in light of interest rate developments and the evolving economic environment. This blog post will provide an update on commercial loan interest rates and offer key insights into
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August 2024 Interest Rates Remain at 4.35%

August 6, 2024 Home Loans by Administrator

At today’s meeting, the Board decided to keep the cash rate target at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. **Inflation and Economic Outlook** – Inflation remains above target, despite falling significantly since its peak in 2022. – The CPI rose by 3.9% over the year to June, as predicted, but
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