August Interest Rates Stable at 1.50%
It looks like interest rates are likely to remain stable for the remainder of 2017 as the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.50%.
It seems the major banks and other lenders have ended their interest rate increases for interest only loans and property investment loans in a effort to reduce the number of these loans on their books.
In the 1st July many states have changed their stamp duty fees and first home buyers grants. You can calculate the cost of state charges and first home buyers concessions by using our stamp duty calculator.
Major banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.
INTEREST RATE ANNOUNCEMENTS
No changes reported.
| Current Bank Interest Rates | Rate Cut and Date |
| Adelaide Bank / Bendigo Bank | No Change Announced |
| AMP | No Change Announced |
| ANZ | No Change Announced |
| Bank of Melbourne | No Change Announced |
| Bank of Queensland | No Change Announced |
| BankWest | No Change Announced |
| Citibank | No Change Announced |
| Commonwealth Bank | No Change Announced |
| ING Direct Bank | No Change Announced |
| ME Bank | No Change Announced |
| Heritage Bank | No Change Announced |
| NAB | No Change Announced |
| St George Bank | No Change Announced |
| Suncorp Bank | No Change Announced |
| Westpac | No Change Announced |
If you have any questions about the announcement or interest rates, please feel free to contact us.
To view and compare current home loan and investment loans click the link below.
If you are looking for a commercial loan, low doc finance, commercial loan interest rates for commercial property loans, car and equipment leasing or looking for a better deal please visit our commercial loans website.
