The RBA has opted to leave the official cash rate on hold at 1.5%

by | Sep 6, 2016 | Uncategorized

The month of August saw a flurry of activity from banks, with differing levels of rate cuts in response to the RBA’s decision to lower the official cash rate. This led to the media and consumers asking why the rate cut was not passed on in full with the response from lenders generally being that the RBA cash rate is only one of a number of components that make up their funding mix. Understanding interest rates in combination with the structure and fees of a home loan are an important part of financial literacy for those looking to own their first home, upgrade to a larger home or even downsize into a smaller investment. When researching your home loan options, be sure to look at all aspects of a product and lender. The interest rate is only the tip of the iceberg when it comes to a home loan and… Source: New...

The RBA has cut the official cash rate to 1.5%

by | Aug 2, 2016 | Uncategorized

This result was widely predicted with many experts tipping the RBA would lower the rate to provide some stimulus for the economy following last week’s disappointing CPI numbers. Amidst the dramatic U.S. election campaigns of Clinton vs Trump, a turbulent market in the EU following Brexit and the Turnbull government remaining in power, the RBA has opted to try and trigger an increase in consumer spending this month. What does all this mean for home owners and buyers? This may also give the property market a boost provide an opportunity for Australians to take advantage of the record low interest rates and competitive offers available in the market. While the official cash rate has been slashed, banks and non-bank lenders continue to move their rates out of cycle and there may be a better product for your circumstances. If you want to discuss your home loan rate, fees or structure,… Source: New...