Commercial Loan Interest Rate Update July 2016

. The past month has seen variable commercial property loan interest rates have remained stable or have risen slightly by 0.10% for some products. Similarly, low doc commercial rates and business loans have followed a similar trend. Commercial loan fixed rates have fallen across the board with an average drop of 0.20% for most fixed
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Interest Rates Stable For July 2016

July 5, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commonwealth Bank, Fixed Rates, Home Loans, ING Direct, Interest Rates, RAMS, St George, Suncorp, variable interest rate, Westpac by Administrator

Three days after the 2016 election The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.75% . There is a very strong chance that variable interest rates are likely to fall next month but we will have to wait and see. We expect that most lenders will leave
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Interest Rates On Hold For June 2016

June 7, 2016 Interest Rates, variable interest rate by Administrator

As expected the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.75%. The economy has shown some signs of growth and it is expected that inflation is tracking to exceptions. Although the economy is showing positive signs, most economists are predicting another rate cut
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Lenders Passing on the 0.25% Rate Cut for May 2016

May 3, 2016 ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commonwealth Bank, Home Loans, ING Direct, Interest Rates, Investment Loans, NAB, St George, variable interest rate, Westpac by Administrator

Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 2.00% to 1.75%, the major banks and many other lenders have decided to pass on the full interest rate cut of 0.25%. Interestingly, NAB were the first to make the announcement to reduced their variable home loan and investment loan interest
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Interest Rates down by 0.25% – May 2016

May 3, 2016 Commercial Property Loans, Home Loans, Interest Rates, Investment Loans, variable interest rate by Administrator

After speculation that the Reserve Bank of Australia was going to reduce interest rates by 0.25% due to low inflation they have decided to reduce rates to 1.75% at a historic low. It is expected that the major banks and other lenders will not pass on the full 0.25% rate cut but we will
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Interest Rates Remain Stable for March

March 1, 2016 Home Loans, Interest Rates, Investment Loans, variable interest rate by Administrator

The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 2% for the 11th straight month. Some economists are expecting variable interest rates to fall in the upcoming year with the earliest rate relief as early as May. We expect that most lenders will
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