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 Read More
The cash rate decision for March has been announced by the RBA with a rate cut. The RBA has reduced the cash rate to a new record low of 0.50% in response to the economic threat posed by the coronavirus outbreak and bush fire crisis. Whilst the Reserve Bank would have been encouraged Read More
Following Westpacs 0.20% move to increase variable interest rates the Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), citing that they are partially offsetting costs Read More
In the last months we have seen lenders tightening up their lending to property investors for both existing and new customers. The Australian Prudential Regulation Authority (APRA ) recently moved to tighten lending criteria for property investment loans, many lenders are forced to reduce their lending risks. Why? The reason for the stricter lending criteria is Read More
August brought about another interest rate hold bringing relief to many mortgage holders. Mixed messages from economists is making it difficult to get an indication on where the interest rate market is heading. The Reserve Bank of Australia considered raising rates but left them on hold and are adopting a wait and see approach for Read More
The Reserve Bank of Australia have decided to give mortgage holders a reprive this month by keeping the cash rate at 4.75%. This is the sixth straight month the RBA have kept interest artes on hold but they have been keen to raise interest rates at some stage in the future. Softer housing prices, the Read More
