RBA Cash Rate Remains On Hold At 0.1%
The RBA has left its cash rate on hold at 0.1% during its May meeting today which came as no surprise to analysts. The decision marked the sixth straight month the rate has remained unchanged, after Australia’s central bank lowered it to 0.1% in November 2020. RBA Governor Philip Lowe has repeatedly stated in recent […]
Last Call For Property Finance In 2020
If you can remember back to when we were able to go to the pub, ‘last call’ always signified that the bar was about to close for the night and this was your last chance to get a beverage. ‘What? Already?’ The end of the night can creep up on you, because time flies when […]
Property Interest Rates On The Rise?
There are a lot of changes taking place in order to help banks make more money (not that they need to). And even though the RBA isn’t moving their interest rates, property interest rates are on the rise after the banks decided they’ll do so independently. The first change to take place was announced last […]
Westpac Wages War On Mortgage Interest Rates
Have you seen in the media about the ‘war’ on mortgage interest rates that’s going on right now? Major banks across Australia are dropping their rates and Westpac is the latest to get involved by offering discounts of up to 105 basis points for their property investment loans. This is the second time this month that […]
Are There More APRA Changes To Come?
APRA has hinted at the possibility that they may be ready to remove caps on home loans for investors since the recent improvements to mortgage lending standards and investor loan demands. Wayne Byres, APRA chairman, has said that the 10 percent restriction on banking lending to property investors was “probably reaching the end of its […]
