Interest Rates Up 0.50% from 1.85% to 2.35%
The Reserve Bank of Australia has increased interest rates by 0.50% again for the second month in a row bring the cash rate to 2.35%. The RBA cited a number of events that are contributing to inflation and these include COVID-19, global supply chain issues, the Ukraine / Russia war and the floods are also affecting some prices.
All the major banks and many other lenders were quick to announce and pass on the interest rate increase. However, we have been seeing a few lenders decrease their variable interest rates between the August and September interest rate announcements made by the Reserve Bank of Australia.
Below are a list of home loan interest rates that on offer at the moment. Please Note: that the interest rates below are only examples and are subject to change. 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.
HOME LOANS
| Loan Type | Interest Rate | Comparison Rate | Compare | |
|---|---|---|---|---|
| Variable $100K to $1 million | 3.51% | 3.53% | Enquire Here | |
| $1 million plus | 3.51% | 3.53% | Enquire Here | |
| Professional Package | 3.69% | 3.88% | Enquire Here | |
| Line of Credit | 4.34% | NA% | Enquire Here | |
| 1 Year Fixed | 4.19% | 5.30% | Enquire Here | |
| 2 Year Fixed | 4.79% | 4.33% | Enquire Here | |
| 3 Year Fixed | 4.79% | 4.39% | Enquire Here | |
| 5 Year Fixed | 4.79% | 4.50% | Enquire Here |
INVESTMANT RATES
| Loan Type | Interest Rate | Comparison Rate | Compare |
|---|---|---|---|
| Variable | 3.84% | 3.86% | Enquire Here |
| Professional Package | 3.84% | 4.16% | Enquire Here |
| Line of Credit | 4.54% | NA | Enquire Here |
| 1 Year Fixed | 4.39% | 5.89% | Enquire Here |
| 2 Year Fixed | 4.99% | 4.61% | Enquire Here |
| 3 Year Fixed | 4.99% | 4.66% | Enquire Here |
| 5 Year Fixed | 4.99% | 4.76% | Enquire Here |
Calculate the cost of home 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.
If you have any questions about these announcements or interest rates, please feel free to contact us.
| Loan Type | Interest Rate | Lending Amount | Security Type | |
|---|---|---|---|---|
| Banks and Private Lenders | ||||
| Variable Interest Rates | 3.79% to 7.45% | 50% to 80% | Commercial Security | Enquire |
| Variable | 3.67% | 80% | Residential Security | Enquire |
| Fixed Rates From | 5.10% | 80% | Residential Security | Enquire |
| Lease Doc Variable | 4.19% – 8.25% | 60% to 80% | Commercial Security | Enquire |
| 1 Year Fixed Rate From | 5.10% – 8.01% | Up to 80% | Commercial Security | Enquire |
| 2 Year Fixed Rate From | 5.50% – 8.83% | Up to 80% | Commercial Security | Enquire |
| 3 Year Fixed Rate From | 5.87% – 8.74% | Up to 80% | Commercial Security | Enquire |
| 5 Year Fixed Rate From | 5.95% – 8.24% | Up to 80% | Commercial Security | Enquire |
| Development Rate From | 3.95% +line fee | Up to 75% | Commercial Security | Enquire |
| SMSF Self Managed Super Fund | from 5.95% | Up to 70% | Commercial Security | Enquire |
| Private Lenders / Investor | ||||
| Variable Interest Rates | 7.95% to 10.38% | 0% to 80% | Commercial Security | Enquire |
| Fixed Rates From | 8.35% to 9.95% | 70% | Commercial Security | Enquire |
| SMSF Property Finance | 5.95% | 65% | Commercial Security | Enquire |
| Development Finance | 6.95% to 9.55% | 60% to 75% | Commercial Security | Enquire |
Please Note: that the above interest rates are only examples. Interest rates are subject to change NOTE: Pricing and maximum LVR will vary based on the location, facility size, type of asset and quality of the overall transaction. Lowest pricing based on facilities $5M+. Please complete an online form so we can assess your commercial lending needs.
Calculate the cost of commercial lending please feel free to use one of our calculators at commercial loan calculators.
For more information regarding commercial finance loans for owner occupied and investment purposes please visit commercial loans website
