Soon after the Reserve Bank of Australia announced they will reduce the official cash rate from 1.50% to 1.25%, NAB and Commonwealth Bank have decided to pass on the full interest cut off their variable rate lending by 0.25%. ANZ and Westpac have decided not to pass on the full amount and only pass on Read More
Septembers 2018 meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We have seen Westpac, St. George, RAMS, Bank of Melbourne, Suncorp, Adelaide Bank and Bendigo Bank announced out of cycle variable interest rate rises in the last couple of weeks. We expect other lenders to Read More
Westpac along with is subsidiaries St George Bank, Bank of Melbourne, Bank SA and RAMS home loans increased interest rates by 0.14% The bank said that it will increase the interest rate for its variable rate home and investment loans from September 19th. Westpac claimed increased cost in wholesale lending costs. I expect other banks Read More
The month of June saw Reserve Bank of Australia (RBA) keep the cash rate on hold at 1.5%. We have noticed that the bank and other lenders have established their interest rate offerings with some banks offering variable rates as low as 3.59% and fixed rates as low as 3.58% However, banks and other lenders are continually Read More
April 2018 meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. Banks and other lenders are continually reviewing their variable and fixed interest rates for both home loans, investment loans and commercial finance. We will keep you updated on any changes that may occur in the next Read More
Decembers meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. We will have to wait until February 2018 until we receive another rate decision. While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are Read More