Today’s October 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 loans . We have seen in the last few months that interest rates have risen and the amount you can borrow against the property has reduced from 80 to 90 percent depending on the lender.
Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.
INTEREST RATE ANNOUNCEMENTS
No changes reported.
|Current Bank Interest Rates||Rate Cut and Date|
|Adelaide Bank / Bendigo Bank||No Change Announced|
|AMP||No Change Announced|
|ANZ||No Change Announced|
|Bank of Melbourne||No Change Announced|
|Bank of Queensland||No Change Announced|
|BankWest||No Change Announced|
|Citibank||No Change Announced|
|Commonwealth Bank||No Change Announced|
|ING Direct Bank||No Change Announced|
|ME Bank||No Change Announced|
|Heritage Bank||No Change Announced|
|NAB||No Change Announced|
|St George Bank||No Change Announced|
|Suncorp Bank||No Change Announced|
|Westpac||No Change Announced|
If you have any questions about the announcement or interest rates, please feel free to contact us.
To view and compare current home loan and investment loans click the link below.
If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.