Category: Mortgage Calculator

Commercial Loan Update For June 2023

Commercial loans for June 2023 have seen and increase for variable rate loans after the Reserve Bank of Australia increased interest rates on 6th June 2023. Most lenders have increased their interest rates by 0.25% for both new and existing customers Fixed interest rates have also increased in the last month across the shorter term
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Commercial Loan Update – October 2022

Below are the updated interest rates for commercial property loans in Australia. 4th October 2022 Reserve Bank of Australia Increases Cash Rate by 0.50%18th October 2022 – Interest Rates Updated From Banks, Super Funds and Private Lenders Loan Type Interest Rate Lending Amount Security Type   Banks and Superfunds         Variable Interest Rates
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Interest Rates Up 0.50% from 1.85% to 2.35%

The Reserve Bank of Australia  has increased interest rates by 0.50% again for the second month in a row bring the cash rate to 2.35%. The RBA cited a number of events that are contributing to inflation and these include COVID-19, global supply chain issues, the Ukraine / Russia war and the floods are also
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December Interest Rates On Hold

The RBA has decided to leave the official cash rate unchanged at 0.75%. In making this decision not to drop rates again the RBA will have considered emerging evidence of an improving housing market, supported by strong auction clearance rates in Sydney & Melbourne. The next meeting will be February 2020 so we will have
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