Tag Archives: Australian Interest Rates

Rates On Hold

The Reserve Bank of Australia has decided to keep the official cash rate unchanged. The Board decided to leave the cash rate at 4.25 per cent for the third consecutive month. The decision was largely expected, with most economists now … Continue reading

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Australian Housing Lending Rates

Average Australian Housing Lending Rates Up until recently average Australian Housing Lending Rates have closely followed the official interest rate as issued and declared by the Reserve Bank of Australia. The graph included in this post illustrates this correlation. Please … Continue reading

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Home Loan Interest Rate Direction

The only way is up it seems. Unless soaring house prices abate somewhat, expect more rate rises in the very near future. Reading the recently published RBA board minutes, it seems the RBA has pinned part of the blame for … Continue reading

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Has RBA Raised Rates To Quickly

My opinion is that the RBA may have raised rates too quickly, home loan approvals have now fallen for 5 straight months. Speak to your mortgage broker, find out what your borrowing capacity is. Prepare to take advantage of some … Continue reading

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Letter From My Mortgage Broker

I received the following email from my mortgage broker today. Because of my diverse income streams I used lo doc for one of my loans. He is touting for business I am sure, but the letter also drives home the … Continue reading

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Interest Only Home Loan Survey

For you current and potential investment property borrowers I have put together a short survey of the one year fixed rate offerings from the major lenders. I am not suggesting this is the best type of loan in these uncertain … Continue reading

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Standard Variable Home Loan Interest Rates Cut

All the major banks have announced further cuts to their standard variable mortgage interest rates in recent days. Most have bought their rates down by .21%. I take this as proof that the Federal Government’s bail out of the finance … Continue reading

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Home Loan Rates To Tumble

Home Loan Rates in the 5% range not out the question. Continued pessimism and low clearance rates for property sales in Australia has led to a chorus of economists predicting official interest rates will be near zero by 2010. Home … Continue reading

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The Sky Is Falling

Is The Main Stream Media Talking The World Economy Down for Better Ratings The main stream media has been responsible for a lot of unhelpful babble in recent days, especially in the relentless, unthinking, 24/7 TV media. The pretty talking … Continue reading

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Increase Age Pensions Now Mr Rudd

The Reserve Bank has come to the rescue of big business, now Mr Rudd please come to the rescue of the less fortunate. The Board of The Reserve Bank of Australia today decided to lower the official Government cash interest … Continue reading

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