by Nathan Osinski | Feb 14, 2020 | Interest Rates
Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates...
by Nathan Osinski | Jan 29, 2020 | Interest Rates
A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’ It’s a good and timely question considering the big four bank economists all expect the RBA to cut the cash rate by 25 basis...
by Nathan Osinski | Oct 7, 2019 | Business, Interest Rates
The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA). Since the RBA cut the official cash rate to a new record low of 0.75% on Tuesday, most of the...
by Nathan Osinski | Oct 1, 2019 | Interest Rates, Mortgage Tips
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you? RBA Governor Philip Lowe said this third rate cut in five monetary policy meetings was...
by Nathan Osinski | Sep 16, 2019 | Interest Rates, Investment Lending, Mortgage Tips
Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS). The bumper month follows a 1.9% rise in June 2019, suggesting the tide has finally started to turn in the lending...
by Nathan Osinski | Sep 10, 2019 | Interest Rates, Real Estate
Marge, Marge, the rains are ‘ere! Home prices have recorded their first rise since October 2017, with national dwelling values increasing 0.8% over August, according to the latest CoreLogic report. Housing values across capital cities rose by 1%, with Sydney (1.6%),...
Recent Comments