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 1.35%. 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 Read More
Since the Reserve Bank of Australia increased interest rates by 0.25% we have seen most lenders increase their variable interest rates by o.25%. Fixed rates across the board have increase from 0.50% to 1.25%. This includes home, investment and SMSF loans. It is clear that most lenders see an increase in variable rates over the Read More
The credit crisis has had a profound effect on how lenders look at their lending policy. Most lenders are making it tougher for borrowers to borrow funds and the case is no different for low doc loans. For those looking to borrow between 60 and 80 percent of the proeprties value they will find that interest rates Read More