Leading Economists have advised the delegates at the Mortgage & Finance Association of Australia Annual Conference to expect further Interest Rate cuts by the RBA over the next 6 – 12 months.
The questions that the economists could not predict are “Exactly when will this happen?” and “How much of the Rate Cuts will the Banks pass on to borrowers?”.
How can I make the most out of my reduced Home Loan Interest Rate ???
The Reserve Bank of Australia has provided a Australian families and business with a welcomed boost by announcing the official Cash Rate will drop by 50bp (0.50% p.a.).
The RBA has provided a higher than forecasted rate cut to ensure that the Australian economy will receive a boost despite the fact that Banks are not expected to pass on the full rate cut to their customers.
Two questions to be answered… Read more
February 23, 2012 in Latest News
Lowest 3 Year Fixed Interest Rates expected to Rise !!!
Lenders who have been offering the very lowest 3 Year Fixed Interest Rates (i.e. below 6.00% p.a.) are currently reviewing their pricing and the “Insider Goss” is that these Rates are likely to rise to match the market. Read more
February 16, 2012 in Latest News
, Rate Rises
Following the recent increases in Interest Rates many borrowers are asking . . .
What is a Great Interest Rate ???
How can I achieve Lower Interest Rates ???
The Answer to to the first question is …
Variable Interest Rates: 6.40% p.a. – 6.60% p.a. Read more
10th February – ANZ Bank announced the following changes to Home Loan Interest Rates
1. A nominal increase of 0.06% p.a. to the Variable Interest Rate
2. A reduction of 0.15% p.a. in the 3 Year Fixed Interest Rate Read more
December 8, 2011 in Latest News
, Rate Cuts
The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp).
This is the 2nd official reduction in Interest Rates in 2 months and will be a great Christmas gift for the many Australian households who continue to be challenged by the current economic climate. Read more
November 2, 2011 in Latest News
, Rate Cuts
How much of the Rate Cut did your Bank pass on ???
The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp). Read more
July 15, 2011 in Latest News
Westpac Chief Economist – Bill Evans has advised the Bank to anticipate Interest Rates will fall by 1% p.a. (100bps) within the next 12 months.
Westpac announced “We now expect a sequence of rate cuts beginning with 0.25% p.a. (25bps) in December 2011 and through 2012 totalling 1% p.a. (100bps) prior to a period of steady rates in 2013”. Read more
June 16, 2011 in Latest News
The State Government will pay a $10,000.00 “Boost” to Home Buyers, Investors, Companies & Trusts who purchase a new / near new Home, Unit, Duplex (etc) in Queensland. Read more