Along with NAB, ANZ Bank have announced that they will be increasing their variable interest rates by 0.18% effective 20th November 2015. Following Westpacs, NAB and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements. All four banks have decided Read More
NAB have announced that they will be increasing their variable interest rates by 0.17% effective 12th November 2015. Following Westpacs and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements. We also expect ANZ to follow in the coming days. Read More
Following Westpacs 0.20% move to increase variable interest rates the Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), citing that they are partially offsetting costs Read More
In an unexpected move Westpac decided to raise interest rates in its variable home loan (owner occupied) and residential investment property loan rates by 20 basis points. The new rates take effect from 20 November 2015. It is tipped that the big banks and smaller lenders will also look to the same but we will Read More
In the last months we have seen lenders tightening up their lending to property investors for both existing and new customers. The Australian Prudential Regulation Authority (APRA ) recently moved to tighten lending criteria for property investment loans, many lenders are forced to reduce their lending risks. Why? The reason for the stricter lending criteria is Read More
The Reserve Bank of Australia have decided to leave interest rates on hold for the 5th month in a row. The widely expected announcement to keep the cash rate at 2% is a conservative approach to see how the rate cuts earlier this year affects the economy. We expect that lenders will therefore leave Read More