No Change to September Interest Rates

September 3, 2019 Commercial Loan Interest rates, Commercial Property Loans, Home Loans, Interest Rates, Mortgage Broker, variable interest rate by Administrator

The RBA has decided to leave the official cash rate unchanged at 1% as it continues to assess the impact of its June and July cuts. 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
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Has your bank passed the June 2019 interest rate cut on?

June 4, 2019 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Home Loans, Interest Rates, NAB, St George, Suncorp, variable interest rate, Westpac by Administrator

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
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Interest Rates Down by 0.25%

June 4, 2019 ANZ, Commercial Loan Interest rates, Commercial Property Loans, Fixed Rates, Home Loans, Interest Rates, NAB, variable interest rate by Administrator

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
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Pre-Election Interest Rates Remain at 1.5%

May 7, 2019 Fixed Rates, Home Loans, Interest Rates, variable interest rate by Administrator

In the lead up to the federal election the RBA has again decided to leave the official cash rate unchanged at 1.5%. I’d like to share some thoughts on why it has made this decision. Only twice before has the RBA elected to drop rates during an election campaign and on both those occasions the
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Variable Interest Rates On Hold at 1.50%

February 5, 2019 Commercial Property Loans, Home Loans, Interest Rates, Investment Loans, variable interest rate by Administrator

The Reserve Bank of Australia The RBA has decided to leave the official cash rate unchanged at 1.5% for the 27th consecutive time and I’d like to share some thoughts on why the Reserve Bank of Australia may have made this decision. The RBA continues to balance the worrying parts of the economy –
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NAB Increases Home and Investment Loan Interest Rates

January 24, 2019 Home Loans, Interest Rates, Investment Loans, NAB, variable interest rate by Administrator

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
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Category: variable interest rate