Interest Rates Remain Unchanged

As widely expected the RBA board confirmed today that the official cash rate would again remain at 0.10%.

With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year.

The Central Bank will be closely monitoring for any signs of additional inflationary pressure. Particular focus will be on price rises due to commodity supply chain issues resulting from Russia’s invasion of Ukraine and the flood disaster in Queensland and Northern NSW.

With future rate rises linked to wages growth, all eyes will be on the minutes of the meeting for any update on that guidance.
 
LENDER LOAN TYPE SECURITY TYPE INTEREST RATE MAX LVR  
Bank Variable Residential Security 1.96% CPR 1.96% 80% Enquire
Bank Offset Account Residential Security 1.96% CPR 1.96% 80% Enquire
Bank Variable Rates From Residential Security 1.99% CPR 2.15 Up to 95% Enquire
Bank Line of Credit Residential Security 3.19% CPR NA 60% to 80% Enquire
Bank 1 Year Fixed Rate From Residential Security 1.89% CPR 2.34% Up to 80% Enquire
Bank 2 Year Fixed Rate From Residential Security 1.79% CPR 2.84% Up to 80% Enquire
Bank 3 Year Fixed Rate From Residential Security 1.94% CPR 3.10% Up to 80% Enquire
Bank 5 Year Fixed Rate From Residential Security 2.59% CPR 3.10% Up to 80% Enquire
Non Bank SMSF Self Managed Super Fund Residential Security from 4.95% Up to 70% Enquire

Please Note: that the above interest rates are only examples. Interest rates are subject to change and vary according to security type, property type, borrow amount against the properties value, loan amount, location, use and purpose. Please complete an online form so we can assess your commercial lending needs

If you have any questions about these announcements or interest rates, please feel free to contact us.

Calculate the cost of commercial lending please feel free to use one of our calculators at home loan calculators.

For more information regarding interest rates for home and investment loans for owner occupied and investment purposes please visit home loans website.

COMMERCIAL LOANS

For information regarding commercial property loans, business loan, leasing or finance for any other commercial purpose please head over to our commercial loans website.

 

Share

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.