Interest Rates down by 0.25% – May 2016

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 monitor their interest rate decisions for home loans, property investment loans, business loans and commercial property loans.

If you have any questions about the announcement or interest rates, please feel free to contact us.

To view and compare current home loan and investment loans click the link below.