There has not been much change in interest rates from the Australian mortgage market. We have seen ING Direct drop their variable and fixed rates by 0.15% for new lending but in contrast NAB have increased their interest rates by 0.15%. Below are some of the interest rates you may obtain from more than 40 Read More
Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 1.50% to 1.25%, NAB and Commonwealth Bank have decided to pass on the full interest cut off their variable rate lending by 0.25%. ANZ and Westpac have decided not to pass on the full amount and only pass on Read More
With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016 and I’d like to share some thoughts on why the Reserve Bank of Australia has Read More
Today NAB (National Australia Bank) have decided increase their owner occupied variable interest rates by 0.12% only if they are principal and interest repayments. For owner occupied interest only and investment loans the interest rate has increased by 0.16%. Please see the table below for summary. Interest rate Owner Occupied P&I Owner Occupied IOL Read More
April 2018 meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. Banks and other lenders are continually reviewing their variable and fixed interest rates for both home loans, investment loans and commercial finance. We will keep you updated on any changes that may occur in the next Read More
Decembers meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We will have to wait until February 2018 until we receive another rate decision. While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are Read More