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Monthly Archives: July 2012

Interest Rate Announcement July 2012

July 3, 2012 in Insider Tips, Latest News


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Commonwealth Bank Slugs First Home Buyers & Investors

July 1, 2012 in Insider Tips, Latest News, Rate Rises

From Monday 2nd July the CBA will be increasing the Interest Rates for First Home Buyers and all new Borrowers who are not able to save a 10% deposit.

This increase in Interest costs will also effect Investors who are seeking to maximize their taxation benefits.

CBA is hoping borrowers will not notice the change as they have cleverly disguised the rate increase by reducing their standard discounts for selected borrowers.

The GOOD NEWS for borrowers is that there are many other cheaper Home Loans and Investment Loans in the market to choose from.

So much for the CBA starting the New Financial Year off with a BANG !!!