Update on Interest Rates – Why are they going up?

Ian MillerHelp, Home loan interest ratesLeave a Comment

Interest Rates

So what’s been happening with interest rates? In the last year banks have moved towards two different standard variable rates which they base all of their consumer interest rates off (one for owner occupiers and a higher one for investors). This has been in response to pressures from APRA (banks’ regulator) to have the banks slow down investment lending (which … Read More

RBA leaves rate at 1.5

Ian MillerHome loan interest rates, Investing in PropertyLeave a Comment

Today’s Reserve Bank of Australia Board meeting saw the cash rate remain at the historical low of 1.5%. With much conjecture about whether this is a good or bad thing for Australia’s economy and home ownership across the generations, and on the first day of a new financial year, it’s the perfect time to talk to your finance advisor about … Read More

‘Don’t rock the board’… RBA keeps rates on hold

Ian MillerHome loan interest rates

The Reserve Bank of Australia has opted for stability as it once again leaves the official cash rate on hold, meaning interest rates have now remained at a record low of 2.50 per cent for ten months. In fact, it is likely that the current low rate will continue to remain steady, according to the RBA. “A sustained increase in … Read More

Newsflash: RBA keeps rates on hold

Ian MillerHome loan interest rates

It already seems that 2014 will be a more settled year than the tumultuous financial and political 12 months of 2013, with the RBA today deciding to keep interest rates on hold at a record low 2.5 per cent. In some ways, the Australia economic outlook reflects the cautious optimism that many forecasters are predicting for the global economy; China, … Read More