August Interest Rates Stable at 1.50%

 

It looks like interest rates are likely to remain stable for the remainder of 2017 as the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.50%.

It seems the major banks and other lenders have ended their interest rate increases for  interest only loans and property investment loans in a effort to reduce the number of these loans on their books.

In the 1st July many states have changed their stamp duty fees and first home buyers grants. You can calculate the cost of state charges and first home buyers concessions by using our stamp duty calculator.

Major banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

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.

If you are looking for a commercial loan, low doc finance, commercial loan interest rates for commercial property loans, car and equipment leasing  or looking for a better deal please visit our commercial loans website.

compare home laons

Share

Stamp Duty Concession and First Home Buyers Grant

We have added a stamp duty, first home buyers grant and stamp duty concession calculator to our list of  mortgage calculators at  Smart Search Finance website.

The stamp duty calculator calculates stamp duty for all states, stamp duty concessions and foreign purchasers duty.

The first home buyers grant and stamp duty concessions calculator calculates stamp duty concessions for first home buyers and pensioners. It also include the first home buyers grant amount for those purchasing a new home for the first time.

Below is a sample calculator you can find on the website.

Assumptions

Slecting “Primary Residence” and “Land” assumes you will be building a new home on that land within the time period suggested by the relevent “State” and therefore stamp duty concessions may apply to first home buyers and or pensioners.

All calculations assume settlement occurs after July 1st 2017.

Important Note About This Calculator

This is an estimate only. It is provided for illustrative purposes only and is based on the accuracy of information provided. It does not constitute a quote. Please check with your mortgage advisor, conveyancer and or state revenue department for the correct figure at time of settlement.

Current Lender Specials

Here is a selection of current lender specials from over 4,000 loan products

Lender Loan Type Interest Rate Comparison Rate Compare
Variable 3.79% 3.84% Enquire Here
Professional Package 3.79% 4.01% Enquire Here
Line of Credit 4.50% 4.72% Enquire Here
1 Year Fixed 3.89% 4.29% Enquire Here
2 Year Fixed 3.69% 4.75% Enquire Here
3 Year Fixed 3.79% 4.84% Enquire Here
5 Year Fixed 3.99% 5.14% Enquire Here

WARNING: The comparison rates for all home loans are based on secured credit of $250,000 and a term of 25 years. The calculation includes the interest rate, upfront fees, ongoing annual or monthly fees and discharge of mortgage fees. The comparison rate applies only to the example given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees and cost savings such as fee waivers are not included in the comparison rate but may influence the cost of the loan.

Smart Search Finance is not making any suggestion or recommendation about a particular credit product from this website. You may be viewing a product that is unsuitable for your lending needs. It is highly advised that you speak to one of our qualified licenced advisors or the relevant financial institution to ensure that interest rates, product information and your financial needs are suitable to apply for that product. Rates are only indicative at time of publication and are subject to change. Please contact Smart Search Finance for updated interest rates

Share

July Interest Rates Unchanged at 1.50%

Today’s June meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment loans . We have seen in the last few months that interest rates have risen and the amount you can borrow against the property has reduced from 80 to 90 percent depending on the lender.

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

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.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share

June Commercial Loan Interest Rate Update

Over the last month we have seen commercial loan interest rates remain stable or fall by up to 30 basis points for some products.

Full doc variable commercial property loans have decreased by 24 points while 2 and 3 year rates have also fallen by up to 30 points for one lender. Other interest rates have remained stable in the last 30 days.

Low doc commercial loans have not changed over the last month unlike their full doc cousins.

Below is an outline of interest rates available from Smart Search Finance below. These are only indicative rates and may vary depending on security type and risks factors associated with the loan.

Commercial Loans – Full Doc Interest Rates (Indicative Only)

Lender Loan Type Security Type Interest Rate Max LVR  
Commercial Reference Rate from Variable 3.40% Up to 75% Enquire
Bank Variable Residential Security 4.20% 80% Enquire
Bank Fixed Rates From Residential Security 4.44% 80% Enquire
Bank Variable Rates From Commercial Security 4.20% 60-75% Enquire
Bank Lease Doc Variable Commercial Security 4.54% 60% to 80% Enquire
Bank Commercial Equity Loan From Commercial Security 5.75% 60% to 75% Enquire
Bank 1 Year Fixed Rate From Commercial Security 4.44% 75% Enquire
Bank 2 Year Fixed Rate From Commercial Security 4.70% 75% Enquire
Bank 3 Year Fixed Rate From Commercial Security 4.44% 70-75% Enquire
Bank 4 Year Fixed Rate From Commercial Security 5.10% 75% Enquire
Bank 5 Year Fixed Rate From Commercial Security 5.24% 75% Enquire

Low Doc Commercial Loans – Interest Rates (Indicative Only)

Lender Loan Type Security Type Interest Rate Max LVR  
Bank Low Doc Variable From Residential Security 5.39% to 5.99% 60% to 80% Enquire
Bank Low Doc Fixed Rate From Residential Security 4.79% 60% to 80% Enquire
Bank Lease Doc Variable Commercial Security 4.54% 60% to 80% Enquire
Non Bank No Doc Commercial Security 7.35% 60% to 80% Enquire
Bank 1 Year Fixed Rate From Commercial Security 4.79% 60% to 80% Enquire
Bank 2 Year Fixed Rate From Commercial Security 5.19% 60% to 80% Enquire
Bank 3 Year Fixed Rate From Commercial Security 5.04% 60% to 80% Enquire
Bank 5 Year Fixed Rate From Commercial Security 5.54% 60% to 80% Enquire

If you are looking for more information on a commercial loans or looking for a better deal please visit our commercial loans website.

We have also updated our commercial loan calculator with more options to calculate the cost of finance.

Share

June Interest Rates On Hold at 1.50%

Today’s June meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%.

There was chatter a few months ago that interest rates are likely to remain stable and perhaps increase towards the end of the year. Now there is talk that interest rates may fall due a slow growing economy.

While the economists keep changing their mind on the economic future of the country, one this is for certain is that banks are forced to make lending for difficult for borrowers that seek interest only loans and property investment loans . We have seen in the last few months that interest rates have risen and the amount you can borrow against the property has reduced from 80 to 90 percent depending on the lender.

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

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.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share

RBA Leaves Interest Rates at 1.50%

Today’s 2nd May meeting of the Reserve Bank of Australia (RBA) has announced to keep the cash rate on hold at 1.5%. It seems interest rates are likely to remain stable for a little while yet.

We expect variable rates to increase for interest only loans and property investment loans through out the year as APRA would like to see this type of lending reduced to 30%.

Banks and other lenders are continually reviewing their variable and fixed interest rates and we will keep you updated on any changes that may occur in the next month.

INTEREST RATE ANNOUNCEMENTS

No changes reported.

Current Bank Interest Rates Rate Cut and Date
Adelaide Bank / Bendigo Bank No Change Announced
AMP No Change Announced
ANZ No Change Announced
Bank of Melbourne No Change Announced
Bank of Queensland No Change Announced
BankWest No Change Announced
Citibank No Change Announced
Commonwealth Bank No Change Announced
ING Direct Bank No Change Announced
ME Bank No Change Announced
Heritage Bank No Change Announced
NAB No Change Announced
St George Bank No Change Announced
Suncorp Bank No Change Announced
Westpac No Change Announced

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.

If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.

compare home laons

Share
  • Categories