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Insider Tips

Did Your Bank Pass on the Full 0.25% RBA Rate Cut ???

June 11, 2019 in Insider Tips, Latest News, Rate Cuts


Listed below are the Interest Rate reductions announced by banks following the recent 0.25% RBA rate cut




Rate Reduction:


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
RACQ 0.25% p.a.  
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


Senior Economists Predict More Rate Cuts . . .

June 6, 2019 in Insider Tips, Latest News, Rate Cuts

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.


Reserve Bank Announce New Record Low Rate

June 4, 2019 in Insider Tips, Latest News, Rate Cuts

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.


Broker negotiates lower interest rates for existing clients

April 2, 2019 in Insider Tips, Latest News, Rate Cuts

Massive Savings & Interest Rate Reductions for DPF Clients . . .


Yet another amazing result this month with DPF helping 5 more clients to reduce the interest charges on their existing Home Loans by a whopping $20,510.00 per year.

And to add to this awesome total of savings we also assisted two very happy clients to receive a refund of $4,003.00 from their bank. 


Q: How many of these clients needed to refinance their Home Loans to achieve lower interest rates ?

A: Nil … DPF negotiated with their existing banks on our clients behalf to reduce the interest rates on their existing Home Loans. 


Q: How much did these clients pay DPF Mortgage Specialists to receive this extra service  ? 

A: $Nil … This is all part of the ongoing service & assistance DPF Mortgage Specialists provides for our clients.


Q: How will I know if the interest rate my bank is charging me is higher than it should be ? 

A: Check your Home Loan interest rate + current loan balance via your internet banking and simply “CONTACT US”


Please check your interest rates . . .

March 14, 2019 in Insider Tips, Latest News, Rate Rises

Banks Hit Existing Customers with Higher Interest Rates

It appears many of the banks (big & small) are targeting their loyal customers by quietly increasing the interest rates on their existing Home Loans & Investment Property Loans.

This is occurring at the same time as these same Banks are offering significantly lower interest rates to entice new customers.

If your bank is charging you higher interest rates on your Home Loan please contact DPF Mortgage Specialists ASAP !!!.


Q: Why should you bother  ???

A: Over the last 3 weeks alone DPF have assisted 6 separate clients to achieved lower interest rates with their banks which saved these clients a total of $19,000.00 per year (average of $3,167.00 per client).


Q: How can the banks get away with this ???

A: The banks believe that the majority of their customers are too busy to notice or simply won’t act even if they become aware.


Q: What can I do if my bank has targeted my Home Loan / Investment Property Loan ???

A: Contact DPF Mortgage Specialists, as after all … WE WORK FOR YOU … NOT THE BANKS


Prime Minister Supports Mortgage Brokers

February 15, 2019 in Insider Tips, Latest News

Prime Minister Scott Morrison has confirmed his support for Mortgage Brokers in an address to the National Press Club, & warns Borrowers will suffer if the Parliament votes to hand power back to the banks.

Prime Minister supports Mortgage Brokers & warns Borrowers will suffer if Parliment votes to hand power back to the banks …(Please view)

Posted by DPF Mortgage Specialists on Thursday, 14 February 2019


Q: What can you do to protect yourself & your family ???

A: Talk directly to your local MP and the other candidates running in the upcoming Federal election.

Make them earn your vote by ensuring they will be looking after your best interest rather than the banks !!!

Urgent Reminder for Gold Coast Property Owners …

February 13, 2019 in Insider Tips, Latest News


Today is the FINAL DAY to receive the discount for your City of Gold Coast Property Rates Bill.

Why pay more than you need to ???


Borrowers will suffer higher interest rates if the Royal Commission hands more power to the Big Banks

February 8, 2019 in Insider Tips, Latest News

The attached link contains a Sky News interview with a local Mortgage Broker who explains, in a clear & common sense manner, how Australian families with be the big losers if the Royal Commission hands more power to the Big Banks.

Well worth watching if you have a Home Loan.




How will the Royal Commission Report impact Borrowers who use Mortgage Brokers ?

February 5, 2019 in Insider Tips, Latest News

Considering over 59% of borrowers prefer to use the services of mortgage brokers to source & structure their new Home Loans, there is little or no surprise that the role of the mortgage broker was to be reviewed by the Royal Commission. After all “Trust” was the cornerstone of the inquiry and consumers clearly need to be able to trust their mortgage broker. The positive findings (which the media has apparently omitted to report thus far) is that the mortgage broking industry was the only industry to be separated out and praised for the contributions brokers make to lowering borrowing costs and ensuring competitive pressures remain in the interest of consumers.

My only concern relating to the Royal Commissioner’s Report is the recommendation that borrowers should pay brokers for the service they receive. This is a massive change from the current system whereby the costs of the broker are borne by the banks. Given that the role of the broker is to assist clients to reduce their lending costs, I am at a loss to explain how the Commissioner believes this recommendation could actually benefit the consumer. More likely this would only benefit the banks to increase their already massive profits.


Q: Why do the banks currently pay the broker rather than the borrower ?


A: The banks are keen to offer lower interest rates & pay the broker costs as this expense is significantly lower than the costs the bank would incur to employ more lending managers + open more branches + increase marketing & advertising, etc.


 Please note that the Royal Commissioner’s Report is only 24 hours old and no changes have been made as yet. The time frame for the government to act on the recommendations may range from weeks to years … so for now nothing has changed and it’s business as usual.

 The encouraging signs for borrowers is the government has recognised the need for competition and the acknowledge that brokers play a critical role in delivering that competition, however the question is who will actually be making the decisions following the upcoming federal election & how will their decisions impact borrowers in the future ?

 DPF Mortgage Specialists is proud to be celebrating 21 Years of helping our clients to “take on the banks” to achieve better Home Loans & lower interest rates & we will continue to go “the extra mile” on your behalf for many years to come. 




Free Melbourne Cup Sweep for DPF Clients

October 31, 2018 in Insider Tips, Latest News

Free Melbourne Cup Sweep . . .

Yes the first Tuesday in November is only a few days away and so it’s time to dust off your fascinators, feathery hats, colourful frocks & suits and prepare yourself for the Race that Stops a Nation, and of course the …

DPF Mortgage Specialists Melbourne Cup Sweep

As always … entry is FREE for all DPF clients as this is our way of having a bit of fun with you.


1st Prize:    $200.00


2nd Prize:   $100.00


3rd Prize:    $ 50.00


To receive your ticket in the draw simply:

  1. Click on  “CONTACT US”
  2. Insert your name + email where indicated and type “Melbourne Cup” in the box marked “Your Message
  3. Type the verification code where indicated & click “Send Enquiry Now”


The horses will be drawn & announced on Monday 5th November 2018 via email, Facebook & on this our website

Good luck & a special “Thank You” for your ongoing support & for being a valued client of DPF Mortgage Specialists.