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.

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