July Interest Rates Remain Unchanged at 0.10%
As anticipated the Reserve Bank board maintained the official cash rate at 0.10% today Despite the economic handbrake from the latest round of COVID-19 lockdowns, some economists are speculating that the RBA has underestimated the strength of the economic recovery, leading to predications that rates will start to increase towards the end of 2022. RBARead More
Interest Rates Down 0.25%
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 encouragedRead 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 haveRead More
Commercial Lending Update October 2019
October 15, 2019
Commercial Loan Interest rates, Commercial Property Loans, Fixed Rates, Interest Rates, Low Doc Loans, variable interest rate
by Administrator
Commercial lending for the month of October 2019 has seen interest rates decrease across most types of loans. Due to the Reserve Bank of Australia’s interest rate reductions commercial lending products has seen decreases in fixed and variable rates. Below are some of the interest rates that can be sourced depending on your lending requirementsRead More
Interest Rates Down to 0.75%
For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. In making the decision to lower rates again the RBA has strongly reinforced its focus on supporting employment growth and boosting household consumptionRead More