The RBA has announced a 25 basis point cut to the official cash rate. This was widely anticipated and brings official interest rates down to an all-time low of 0.75% - the first time in history that it has ever had a 0 in front. Now, all eyes will be … [Continue reading]
Rates on Hold, But Help on the Way for First Home Buyers
After making several interest rate cuts, the focus is now on first home buyers, with the RBA leaving the official rate on hold this month. The official cash rate sits at the record low of just 1.00%. While this is good news for many looking to buy … [Continue reading]
RBA leaves Interest Rates on hold
After two consecutive cuts to interest rates, the Reserve Bank of Australia has left the official cash rate on hold at the record low 1.00%. As we head into the spring season, there are signs that housing prices are starting to slowly rise, with … [Continue reading]
Interest Rates Cut for Second Month in a Row
The old adage of ‘feast or famine’ seems to apply to interest rates, as the Reserve Bank of Australia has just announced another cut to the cash rate of 0.25%, bringing official cash rate to the new record low of 1.00%p.a. Once again, all eyes will … [Continue reading]
Cut in Official Interest Rates Announced
The first move has been made to interest rates in almost three years, with the board members of the Reserve Bank of Australia announcing a 0.25% cut to the official cash rate. It now stands at a record low 1.25%. ANZ Bank CEO Shayne Elliott said … [Continue reading]
Home Loan – Get it Right the First Time
It’s no secret that the home loan landscape is in a bit of turmoil, and it feels like every day there are new changes to policy, eligibility and lenders requirements. It also seems that every lender’s borrower-appetite changes on a regular basis and … [Continue reading]
No Change to Official Interest Rates
They say an interest rate cut is not a matter of ‘if’, only of when. Not today, as the Reserve Bank of Australia decided to keep interest rates on hold yet again. The official cash rate stands at 1.5%pa - still a record low. A rate cut is predicted … [Continue reading]
Mortgage Interest Rates – No Change
There was rumour of a possible cut in mortgage interest rates this month, but in the end the RBA chose to keep the official cash rate on hold. It remains at the record low of 1.5%pa. Experts continue to predict a cut at some stage this … [Continue reading]
Reserve Bank – no move on Interest Rates
As expected, the RBA Board has decided to keep official interest rates on hold at the record low of 1.5%. Commentators expect this will continue, with the possibility of another cut before the end of the year. If this happens, conditions will be even … [Continue reading]
Royal Commission yet to affect Interest Rates
In the first meeting of 2019, the Reserve Bank of Australia has decided to start 2019 where it left off in 2018 – with official interest rates at 1.50%pa. In what will no doubt result in the biggest shake-up in the Australian financial sector, … [Continue reading]