Banks are in a frenzy to compete for new Home Loans with banks offering Home Loan Interest Rates as low as 2.99% Fixed for 3 Years.
“CONTACT US” is you would like to take advantage of this record low interest rate.
A Special 5 Year Fixed Rate of only 3.49% p.a. is currently available for First Home Buyers … WOW !!!
This will provide FHB’s with the confidence of knowing they have secured an incredibly low rate which cannot increase for the first 5 years of their Home Loan.
Not only this, but FHB’s can make additional repayments of up to $30,000.00 to reduce their loan balance & can also redraw these additional repayments if they need to have access to these funds in the future.
Click on “CONTACT US” or call 07 5527 4744 to talk with our Mortgage Specialists
We absolutely love saving you $$$
Listed below are the Interest Rate reductions announced by banks following the recent 0.25% RBA rate cut
Date to be applied:
|Macquarie||0.25% p.a.||21st June 2019|
|ING||0.25% p.a.||25th June 2019|
|Auswide Bank||0.25% p.a.||2nd July 2019|
|ME Bank||0.25% p.a.||27th June 2019|
|AMP Bank||0.25% p.a.||24th June 2019|
|CBA||0.25% p.a.||25th June 2019|
|BankWest||0.25% p.a.||25th June 2019|
|NAB||0.25% p.a.||14th June 2019|
|Bank Australia||0.25% p.a.||24th June 2019|
|Bank of Qld||0.25% p.a.||25th June 2019|
|AFG||0.25% p.a.||14th June 2019|
|Citibank||0.25% p.a.||25th June 2019|
|IMB Bank||0.25% p.a.||21st June 2019|
|Pepper||0.25% p.a.||24th June 2019|
|Westpac||0.20% p.a.||18th June 2019|
(Interest Only Invest Loans)
|0.35% p.a.||18th June 2019|
|St George||0.20% p.a.||18th June 2019|
|RAMS||0.20% p.a.||18th June 2019|
|Bendigo Bank||0.20% p.a.||28th June 2019|
|Suncorp||0.20% p.a.||21st June 2019|
|Heritage||0.20% p.a.||21st June 2019|
|ANZ||0.18% p.a.||14th June 2019|
|CUA||010% p.a. – 0.15% p.a.||18th June 2019|
Many senior economists are predicting the Reserve Bank will announce a further rate reduction in the next month or 2 with a potential 3rd rate cut prior to Christmas.
Q: Why ???
A: They believe one rate cut will simply not be sufficient to stimulate the Australian economy to the level the RBA are seeking.
Many banks appear to agree & are already factoring in further rate cuts by reducing their 2, 3 & 5 Year Fixed Interest Rates to new record low rates.
CONTACT US if you are considering locking part or all of your Home Loan / Investment Property Loan on a Fixed Interest Rate.
Borrowers & Home Buyers will be rejoicing the decision of the Reserve Bank Board to reduce the Official Cash Rate to a NEW RECORD LOW 1.25%.
Banks are already under pressure to pass on this rate cut in full to their customers with the Federal Treasurer Josh Frydenberg having already holding meetings with the Big 4 Banks to remind them to remain “Customer Focussed” which was a key recommendation of the recent Royal Commission.
The new government is keen to ensure this happens & senior economists agree the banks can’t afford to be stingy or else they will face a wave of borrowers seeking better offers from other banks.
Keep an eye out for the upcoming announcements by your bank and if you are not happy … CONTACT US and we will be more than happy to negotiate with the bank on your behalf.