Recent low inflation figures have prompted economists to predict that the Reserve Bank of Australia are likely to reduce interest rates next week. Unfortunately, the reduction of home loan and business interest rates are subject to the Banks passing on the interest rate cut. Most are predicting that the banks will only pass on a fraction Read More
ANZ announced late this afternoon that they will be increasing their variable home loan mortgage rates by 0.06%. ANZ claimed higher funding costs as a result for the increase. This will add approximately $100 a year to a $300,000 home loan. Typically the other banks have followed when one lender increases interest rates. We will Read More
The Reserve Bank of Australia decided to leave interest rates on hold today. So there will be no relief for business borrowers and home loan borrowers for the month of April. They have left open the door for future interest cuts for up coming months but business, especially retail are calling for them to be Read More