June Interest Rate at 0.10%

June 6, 2021 Home Loans by Administrator

As widely expected the Reserve Bank held rates at 0.10% at its board meeting today. All eyes will be on the minutes of the meeting to see if there has been any softening on the RBA’s stance that rates would not increase until 2024. Since their June meeting there has been more positive economic information,
Read More

Interest Rate Update – No Change

April 7, 2020 Home Loans by Administrator

The cash rate decision for April has been announced by the RBA with the rate unchanged at 0.25%. Just 19 days ago the RBA announced a .25% emergency cut in response to the economic threat posed by the COVID-19 crisis, reducing the rate to its lowest ever level. If the COVID-19 crisis is affecting your
Read More

Interest Rates Drop to 0.25%

March 19, 2020 Home Loans by Administrator

Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19. The RBA has reduced the cash rate to a new record low of 0.25%. If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your
Read More

Interest Rates Down 0.25%

March 3, 2020 ANZ, News, Refinance, variable interest rate by Administrator

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

December Interest Rates On Hold

December 4, 2019 Commercial Loan Interest rates, Commercial Property Loans, Home Loans, Interest Rates, Mortgage Calculator, Mortgage Calculators, variable interest rate by Administrator

The RBA has decided to leave the official cash rate unchanged at 0.75%. 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 & Melbourne. The next meeting will be February 2020 so we will have
Read More

Commercial Loan Interest Rate Update November 26th 2019

November 28, 2019 Commercial Loan Interest rates, Commercial Property Loans by Administrator

Commercial loan lending for the month of November 2019 has seen interest rates slightly decrease but have remained relatively stable. Below are some of the interest rates that can be sourced depending on your lending requirements and security type. Lender Loan Type Security Type Interest Rate Max LVR Commercial Reference Rate Variable Interest Rate
Read More