Today’s June meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment Read More
Today’s 2nd May meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. It seems interest rates are likely to remain stable for a little while yet. We expect variable rates to increase for interest only loans and property investment loans through out the year as APRA Read More
Both ANZ Bank and Commonwealth Bank have followed NAB and Westpac to increase their variable rate loans. They cite regulatory pressure and funding costs to be the main reason for these interest rate increases ANZ have made the following changes effective 31st March 2017; Owner occupies who pay principle and interest on their home loans Read More
Similar to NAB, Westac have announced today that they will increase its variable interest rates for its home and investor loans effective from Friday 24th March. Variable interest rates for owner occupier home loans will increase by 0.03%. Variable interest rates for interest only home loans and business rate loans will increase by 0.08%. Interest rates for residential investment Read More
Today NAB have announced that it will increase its variable interest rates for its home and investor loans effective from Friday 24th March. Variable interest rates for owner occupier home loans and business rate loans will increase by 0.07%. Interest rates for residential investment loans will increase by 0.25%. We expect other lenders to follow and we will Read More
……….. Today’s March 7th meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We expect this to remain stable for the remainder of the year. In the last months we have seen a number of lenders increasing some of their variable rate products. We have seen increases in Read More