Reserve Bank Reduces Interest Rates to 4.10%

February 18, 2025 Home Loans, Interest Rates, Investment Loans, Refinance, variable interest rate by Administrator

The Reserve Bank Board has decided to lower the cash rate target to 4.10% from 4.35% and the interest rate on Exchange Settlement balances to 4.0%. Key Points: Inflation Moderation: Inflation has fallen significantly since its 2022 peak, with underlying inflation at 3.2% in Q4 2024. Demand growth remains subdued, and wage pressures have eased,
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How RBA Decison Affect Residnetial, Commercial Proeprty and Business Lending

December 10, 2024 Home Loans by Administrator

Given the Reserve Bank of Australia’s (RBA) decision to keep the cash rate at 4.35%, here’s how this might influence different lending sectors in Australia: 1. Residential Lending: Home Loan Interest Rates: With the cash rate unchanged, there is likely to be stability in the interest rates for home loans, particularly variable rate loans.
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RBA Holds Steady: Cash Rate at 4.35% Amidst Persistent Inflation and Economic Uncertainty

December 10, 2024 Home Loans by Administrator

The Reserve Bank of Australia (RBA) has decided to maintain the cash rate target at 4.35% and the interest rate on Exchange Settlement balances at 4.25%. Key points from the meeting include: Inflation: Despite a significant decrease from its peak in 2022, underlying inflation remains high at around 3.5%, above the RBA’s target midpoint
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Electrical Projects in Newcastle, Cessnock, Maitland, Singleton, Port Stephens, and Lake Macquarie with Sparky Quotes and Financial Solutions

November 17, 2024 Home Loans by Administrator

When it comes to reliable and professional electrical services across the Hunter Region, Sparky Quotes is a name you can trust. We have a Newcastle electrician, Cessnock electrician, Maitland electrician, Singleton electrician, Port Stephens electricians, and Lake Macquarie electrician are licensed electricians ensures every job is done to the highest standard. From simple repairs to
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RBA Holds Rates Steady 4.35% Amid Persistent Inflation and Economic Uncertainty

November 5, 2024 Home Loans by Administrator

The Board has decided to keep the cash rate target steady at 4.35%. Inflation, while lower than its 2022 peak, is still high. Over the year to September, headline inflation fell to 2.8%, largely due to decreases in fuel and electricity costs. Underlying inflation, however, stands at 3.5%, above the 2.5% midpoint target, with sustainable
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Home Loan Interest Rate Update: Stability in the Market as RBA Holds Steady

October 22, 2024 Home Loans by Administrator

As of October 23, 2024, residential home loan interest rates in Australia are averaging approximately 6.15% for variable-rate loans and 5.90% for fixed-rate loans. This reflects the steady environment following the Reserve Bank of Australia’s (RBA) decision to maintain the official cash rate at 4.10%. Investment loan rates are slightly higher, with variable rates around
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Category: Home Loans