Today the Commonwealth Bank announced that they will be increasing interest rates for its Variable Investment Home Loan and Viridian Line of Credit (VLOC) products effective Friday 16 December 2016. Investment home loan rates will increase by 0.07% and VLOC will increase by 0.15%. Please note they are not increasing interest rates for owner occupied home Read More
ING Direct have announced that they will be increasing their variable interest rates on all residential home loan products for new and existing customers by 0.15% p.a. These changes will be effective from 12th December 2016. ING Direct have also increased their commercial loan interest rates for existing customers by 0.20%. For new business, their Read More
Today the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. The RBA will not meet again until the first Tuesday in February 2017 so interest rates will remain stable until then. However, some banks have been increasing their interest rates Read More
A day before the RBAs December interest rate announcement, Westpac and NAB have increased interest rates for property investment loans and interest only home loans. NAB announced that it will increase it variable rate on property investment loans by 0.15% for new and existing customers. These changes will take affect next Monday on the 12th Read More