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Interest Rates Reduced!

December 8, 2011 in Latest News, Rate Cuts by admin  |  No Comments

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.

Two questions that need to be answered …

Question 1: Will my Bank pass on the full Interest Rate cut ???

Answer: Listed below is the updated list of the Banks / Lenders who have announced Interest Rate reductions.

Question 2: How can I make the most of the reduced Interest Rate ???

Answer: If your budget will allow … resist the urge to reduce your Home Loan repayments. Maintaining your repayments at their current level reduce your Home Loan debt faster & enable you to own your home sooner.


If your family would benefit more from having more money available to cover your other household expenses … a simple request will enable you to reduce your Home Loan repayments.

To know more or to discuss your individual circumstances & requirements please:

Contact us today or phone David Pattemore (07) 5527 4744

Bank:                 Interest Rate Cut:

ANZ                      0.25% p.a.

NAB                      0.25% p.a.

CBA                       0.25% p.a.

Westpac                0.25% p.a.

Macquarie              0.25% p.a.

ING                       0.25% p.a.

St George              0.25% p.a.

Heritage                0.25% p.a.

Homeside              0.25% p.a.

Bank of Qld          0.25% p.a.

BankWest             0.25% p.a.

AMP                      0.25% p.a.

AFG                      0.25% p.a.

Liberty                 0.25% p.a.

Suncorp                0.25% p.a.

Rams                     0.25% p.a.

Bendigo Bank        0.25% p.a.

Adelaide Bank      0.25% p.a.

C.U.A.                   0.25% p.a.

Please Note: This information will continue to be updated as the Banks & Lenders announce their Interest Rate reductions.

Posted in Latest News, Rate Cuts.