RBA to Hold Rates
Borrowers struggling under rising rates can breathe a sigh of relief, with the RBA expected to keep interest rates on hold for the next few months. Read more
Latest News
Interest Rates rise by 0.25%
For the 3rd time this year the Reserve Bank of Australiahas increased Interest Rates by 0.25% p.a. Read more
Banks Agree to Limit Rate Rise
April 6, 2010 in Latest News
The Reserve Bank of Australia announced yet another increase to Interest Rates. Fortunately the Major Banks and other Lending Institutions have agreed to limit their rate increase in line with the RBA (0.25% p.a.)
Borrowers will be contacted by their Bank / Lender to advise the date from which this new Interest Rate rise will begin.
Many Economists are predicting further increases to Interest Rates before this year ends.
Interest Rates increased by 0.25% p.a.
The Reserve Bank of Australia announced today that the official cash rate will be increased by 0.25% to 4.00%.
Borrowers around Australia are anxious to to receive news from their own Banks / Lenders to confirm if their Interest Rate increase will be restricted to 0.25% p.a., or will the profit taking tendencies of the past prove to be too tempting for the Banks. Read more
No Change to Interest Rates
February 2, 2010 in Latest News
The Reserve Bank of Australia announced today that the Official Cash Rate (i.e. Interest Rate) will remain unchanged at 3.75%. Read more
Westpac Stings Borrowers!!!
December 21, 2009 in Latest News
Westpac have announced that they will be slugging their Home Loan customers an additional 0.45% p.a. this Christmas. This increase in interest rate is nearly double the increase announced by the Reserve Bank. Westpac has attempted to justify this excessive rate rise with their current popular excuses being … “The Global Financial Crisis” … and … “The Increased Cost of Funds” … although many would consider that this latest action is nothing more than the Bank taking advantage of the current distractions in Canberra to add to their ever increasing profits. Read more
Interest Rates rise 3 months in a row
The Reserve Bank of Australia has announced their decision to increase Interest Rates by 0.25% p.a. for the 3rd month in a row. This is the first time that interest rates have increased over 3 consequecutive months, however, the RBA believes this is a necessary step to ensure inflation is kept under control. Read more
When will Interest Rates Stop Rising???
30 minutes prior to the running of the Melbourne Cup the Reserve Bank of Australia announced an increase to the Official Interest Rate of 0.25% p.a.
Within 10 minutes ANZ announced it would be passing on the full rate increase to borrowers with CBA, NAB, Westpac and St George following suit soon after. Read more
RBA Raises Interest Rate by 0.25%p.a.
October 6, 2009 in Latest News
The Reserve Bank of Australia has announced an increase of 0.25% to Official Cash Rate. This increase by the RBA is considered to be a “Vote of Confidence” for the Australian Economy with all the signs indicating that Australia is well on it’s way out of the GFC (Global Financial Crisis). Read more
How to Reduce my Interest Costs
September 4, 2009 in Latest News
Over the last few months most borrowers have asked themselves the question “To Fix or Not to Fix”.
Recent increases in Fixed Interest Rates and the fact that Variable Interest Rates remain at record lows have prompted many respected economists (e.g. Paul Clitheroe – Money Magazine) to suggest that if you haven’t changed yet you have probably left your run too late. Read more
