Today the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. The RBA will not meet again until the first Tuesday in February 2017 so interest rates will remain stable until then. However, some banks have been increasing their interest rates Read More
A day before the RBAs December interest rate announcement, Westpac and NAB have increased interest rates for property investment loans and interest only home loans. NAB announced that it will increase it variable rate on property investment loans by 0.15% for new and existing customers. These changes will take affect next Monday on the 12th Read More
On Melbourne Cup day the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. We expect that most lenders will leave their variable interest rates unchanged but we will continue to monitor lenders for rate changes outside the official rate. If there are Read More
The Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%. The economy has shown some signs of growth and it is expected that inflation is tracking to exceptions. The new Reserve Bank Governor, Phillip Lowe, warned earlier this month that the government are required Read More
UPDATE 3:15 pm: Commonwealth Bank (CBA) have only passed on 0.13% of the 0.25% rate cut. We expect other banks and lenders to follow their lead. Not long after the Commonwealth Banks decision NAB, ANZ and Westpac have all reduced variable interest rates but not by the full amount. They are making their mortgage Read More
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 Read More