RBA rates on hold at 1.5% for February 2019

The Reserve Bank of Australia (RBA) has met for the first time this year and decided to keep the official cash rate on hold. Flat economic data for the last quarter of 2018 will most likely motivate the RBA to leave them unchanged for some time. Meanwhile, several banks have announced out-of-cycle rate changes – […]

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Mortgage Focus January 2019

Happy New Year! We hope you enjoyed some quality time with family and friends over the Christmas and New Year break. Welcome to our first newsletter for 2019. As many people are still on their summer holidays, there’s not much happening in our property markets this month. Few auctions have been listed around the country […]

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Mortgage Focus – November 2018

November is an exciting month as the Spring Racing Carnival kicks into high-gear and we begin the countdown to Christmas. It’s an exciting time for property buyers too, as auction clearance rates continue to slide, and sellers struggle to get their price in the spring property market. Interest Rate News At its November Melbourne Cup […]

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Mortgage Focus – October 2018

The last weekend in September was a little quiet in our property markets, as buyers took time off to watch the AFL and NFL Grand Finals. We hope your team won and you’re now back on the open inspection circuit – there are plenty of bargains up for grabs in our spring property market and […]

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October 2018 cash rate on hold at 1.5%

As expected, the RBA kept the official cash rate on hold for the 25th month in a row at its October meeting. During September, a number of lenders made out-of-cycle rate rises to account for their increasing borrowing costs, so we expect home loan interest rates to remain relatively stable for the time being. Forecasters […]

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Record 21 months cash rate on hold – May 2018

At its May meeting yesterday, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. Today’s decision makes it 21 months in a row where the RBA has decided to leave the cash rate on hold. It is also the longest period without a cash rate rise in the […]

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Cash rates on hold for 18th month, April 2018

At its 3rd April meeting, the Reserve Bank of Australia (RBA) decided to leave the official cash rate unchanged at 1.5%. While the RBA decided to leave the official cash rate on hold for the 18th consecutive month, quite a few lenders raised their home loan interest rates last month – some by as much […]

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Fixed Interest vs Variable Home Loans in 2018

If you’re buying a property or considering refinancing your home loan in 2018, you may be asking yourself whether to fix your interest rate or not. Many people think about switching to a fixed interest rate mortgage when interest rates are low, in the belief that it will insulate them from future interest rate rises. […]

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Rates on hold for December 2017

At its final meeting for 2017, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 1.5%. The RBA next meets in February 2018. The good interest rate news for property owners and buyers looks set to continue into 2018. In its Statement on Monetary Policy released in mid-November, the […]

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Mortgage Focus November 2017

It’s hard to believe we’re already into November and Christmas is only weeks away! The spring property market is really heating up, with the number of auctions in our capital cities reaching a record high at the end of October. At the same time, rises in home values seem to have stalled and clearance rates […]

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November 2017 cash rate on hold

At its November meeting today, the Reserve Bank of Australia has kept the official cash rate unchanged at 1.5% for the 15th consecutive month! What else is happening in our markets? Future rate movements: Some analysts are speculating we will see our next rate cut in 2018, following recent declines in auction clearance rates, and […]

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October 2017 interest rates on hold at 1.5%

At its October meeting, the Reserve Bank of Australia has again opted to keep the official cash rate unchanged at 1.5%. Economists widely anticipated the RBA’s decision, with many predicting no further RBA rate changes until next year. What else is happening in the loan market? Interest only loans: There has been a significant reduction […]

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