Residential and Commercial Loan Interest Rate Update July 2023

Variable interest rates for July have remained stable for the month of July due to the Reserve Bank of Australia (RBA) kept interest rates on hold. However, we have seen an increase in fixed rate loans by 0.30% across the major lenders and second tier lenders. We will have to wait and see what will
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No Rate Change – Interest Rates Remain a 4.10%

July 4, 2023 Home Loans, Interest Rates, Refinance by Administrator

The Reserve Bank of Australia decided to keep interest rates on hold to today keeping them at 4.10% They are waiting on further economic data to see if the Australian economy has cooled after the last 11 rate rises or they may have to tighten again if the economic data shows inflationary pressures. If you
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Residential and Commercial Loan Interest Rate Update June 2023

June 28, 2023 Home Loans by Administrator

Many lenders have now increased their home, investment and commercial loan interest rates after the RBA made their decision to increase interest rates earlier in the month. Interestingly, we have seen fixed rate increases across the 1-to-5 year interest rates. Seven and 10 year rates have remained stable. HOME LOANS For more information on residential
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Home and Investment Loan Update for June

June 15, 2023 Fixed Rates, Home Loans, Interest Rates, Low Doc Loans, variable interest rate by Administrator

Home loans and Property Investment Loans for June 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates on June 6th 2023. All lenders have increased their interest rates by 0.25%. These will take affect at various times of the month depending on each lenders policy. Most of the
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Residential Loan Update May 2023

May 16, 2023 First Home Buyer, Fixed Rates, Home Loans, Interest Rates, Investment Loans by Administrator

Home loans and Property Investment Loans for May 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates earlier this month. All lenders have increased their interest rates by 0.25%. These will take affect at various times of the month depending on each lenders policy. Most of
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Interest Rates Increase by 0.25% to 3.85%

May 2, 2023 Home Loans, Interest Rates, Investment Loans, News, variable interest rate by Administrator

On May 2nd, 2023, the Reserve Bank of Australia (RBA) announced that it had decided to increase the official cash rate by 0.25%, bringing it to 3.85%. This move comes after high inflation figures which have increased interest rates significantly upward on the last 9 months. However, over the last month we have seen a
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Category: Home Loans