Tag Archive: Interest Rates

Oct 03 2017

Australian Interest Rates – Reserve Bank of Australia

The Australian Reserve Bank Cash Rate

The Australian cash rate is the overnight money market interest rate.
It is used as the interest rate on unsecured overnight loans between banks.
Home Loan Interest rates are often affected by any changes in this rate, but not always.

The current Australian Reserve Bank Cash Rate is:

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Apr 03 2017

Historical Interest rates in Australia

Historical Reserve Bank ‘Cash Rate’ Interest Rates

Historical Mortgage Interest Rates

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Sep 10 2016

Mortgage Payments and Interest Rates

With Interest Rates at record lows, many people are scrambling to buy houses, and take advantage of low mortgage repayments, but what happens when rates begin to normalise again?

With todays RBA Cash Rate of just 1.5%, it is possible to borrow money at around 4%. The repayment at that rate may seem reasonable, but, what if that monthly repayment doubles? How would you cope then?

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Jun 12 2016

Australian Home Loan Mortgage Interest rates

Home Loan Mortgage Interest rates
At May 2016 an example rate for Home Loans is:
3.63% variable rate p.a. = 4.03% comparison rate

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May 03 2016

RBA Lowers Cash rate to 1.75%

The Reserve Bank of Australia (RBA) lowers the Cash rate At its meeting today, 3 May 2016, the Board of the Reserve Bank of Australia (RBA) decided to lower the cash rate by 25 basis points to 1.75 per cent. http://www.rba.gov.au/

Jan 19 2016

Temporary Resident Home Loans

Home Loans for Australian Temporary Residents
It is possible to borrow up to 95% at normal home loan interest rates where the temporary resident is the spouse of an Australian Citizen or permanent resident.

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Dec 02 2015

Interest rates in Australia – December 2014

Australian Interest rates For Reserve Bank ‘Cash Rate’ Interest Rates See: www.britzinoz.com/australian-interest-rates-reserve-bank-of-australia Where do you find the best Interest rates in Australia, both for Mortgages and Savings ? Some options include these web sites: myrate www.infochoice.com.au Their web site says “Compare: 1,000s of financial products from 100s of providers…” and it does seem to have a …

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Sep 03 2013

Reserve Bank of Australia Cash Rate September 2013

Australian Reserve Bank Cash Rate 3rd September 2013 At its meeting today, the Board decided to keep the cash rate unchanged at 2.50 per cent. Other Key Information from the http://www.rba.gov.au Cash rate: 2.50% [effective 3 September 2013] Inflation rate: 2.4% Exchange rates at [4 pm AEST, 02 Sep 2013]: A$/US$ 0.8969 TWI 69.3 Previous Rate Changes …

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May 07 2013

May 2013: Australian Reserve Bank Cuts Interest rates

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. This seems to be an unexpected cut…

Dec 04 2012

Australian Interest Rates cut again December 2012

At the December meeting of the Reserve Bank of Australia meeting today, 4th December 2012, it was decided to reduce the cash rate by 25 basis points to 3.0 per cent, effective 5 December 2012. Media Release: www.rba.gov.au The Banks reactions: 5th December 2012 Bank of Queensland (BoQ) reduced borrowing rates by 20 basis points  from …

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Nov 06 2012

November 2012: RBA Interest Rate unchanged at 3.25%

At the Reserve Bank meeting today, Tuesday, 6th November 2012, the Board decided to leave the cash rate unchanged at 3.25 per cent. Current Bank Variable Rate Home Loans: NAB: Base Variable Rate Home Loan 6.08% pa Choice Package $250,000 and above 5.88% pa HSBC: Variable Rate Home Loan 6.65% p.a Home Value Loan 6.04% …

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Nov 01 2011

Interest Rate drop November 2011

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent, effective 2 November 2011. Will the banks pass this on in full ?

Jun 09 2011

Mortgages in Australia

About two thirds of Australians own, or are buying, their own property. From 1986 to 2006 the rate of Home Ownership has remained at 70%, however, the rate of Home Ownership without a Mortgage has dropped from 39% to 35%. Home Ownership rates in 1986 70% Owned with or without a mortgage 39% 1,981,900 Private dwellings …

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Jun 07 2011

Reserve Bank of Australia RBA Interest rates – June 2011

On the first Tuesday of each month the RBA decides on the Official Cash Rate, which is the overnight money market interest rate. Any changes in this rate will normally signal changes in the Mortgage lending rates. The rate on Tuesday 7th June 2011 was again kept at 4.75%, which has not changed since November 2010. The …

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Nov 27 2010

Australian Home Loan Mortgage Interest rates 2010

Home Loan Mortgage Interest rates: Australia 2010 The following interest rate chart is to provide an example of the options available for Home Loans in Australia. It shows the rates for one of the banks as at the date shown, and includes the Standard Variable Rate (the most commonly quoted rate) and the discounted and …

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