Category: News

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Interest Rate Update

April 5, 2017/News/0 Comments

At its April meeting, the Reserve Bank of Australia decided to keep the official cash rate on hold at 1.5 per cent. What this means for you? Last month we saw lenders adjusting rates outside of RBA movements, due to their own increasing costs of borrowing and investment appetite. Despite…

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Interest Rate News

March 8, 2017/News/0 Comments

At its March meeting, the Reserve Bank of Australia elected to keep the official cash rate on hold at 1.5 per cent. What this means for you? Borrowers should continue to expect rate adjustments from lenders outside of RBA movements due to their own increasing costs of borrowing. Property investors…

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Interest Rate News

February 7, 2017/News/0 Comments

We hope you are enjoying the fantastic summer weather and are all ready for another exciting year as things start to heat up in the Australian property market! The Reserve Bank of Australia (RBA) met today for its first meeting for 2017 and has elected to keep the official cash…

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Interest Rate News

December 7, 2016/News/0 Comments

Summer has arrived and at its final meeting for 2016 today, the Reserve Bank of Australia (RBA) has elected to keep the official cash rate on hold yet again. Whilst some forecasters were predicting a cash rate cut today, as an early Christmas present, most were expecting the official cash…

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Interest Rate News

November 2, 2016/News/0 Comments

At its annual Melbourne Cup Day board meeting today, the Reserve Bank of Australia (RBA) announced it would keep the official cash rate on hold at 1.50 per cent for November. According to comments made by RBA Governor Dr Philip Lowe last month, today’s decision was largely based on 3rd…

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Interest Rate News

October 4, 2016/News/0 Comments

Hard on the heels of Grand Final Weekend, the Reserve Bank of Australia (RBA) met for its October meeting today and decided to keep the official cash rate on hold at 1.50 per cent. Today’s RBA decision is the first for new RBA Governor Dr Philip Lowe, following the retirement…

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Interest Rate News

September 7, 2016/News/0 Comments

Spring is here and the Reserve Bank of Australia (RBA) met for its September meeting today and decided to keep the official cash rate on hold at 1.5 per cent. Today’s RBA decision follows a 25 basis point rate cut last month, which saw the official cash rate fall to…

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Interest Rate News

August 2, 2016/News/0 Comments

Today the Reserve Bank of Australia (RBA) met for its August meeting and decided to cut the official cash rate by 25 basis points to just 1.50 per cent, creating the lowest cash-rate ever on record! The decision follows the release of June quarter inflation data last week that revealed…

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Interest Rate News

July 5, 2016/News/0 Comments

With plenty of market volatility surrounding Britain’s decision to exit the EU last month and the uncertainty surrounding our inconclusive Federal Election, the Reserve Bank of Australia (RBA) met today for its July meeting and decided to keep the official cash rate on hold at 1.75 per cent. Market analysts…

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Interest Rate News

June 8, 2016/News/0 Comments

With winter setting in and no sign of our property markets slowing, the Reserve Bank of Australia (RBA) met today for its June meeting and elected to keep the official cash rate on hold at 1.75 per cent. The official cash rate is currently at all-time lows following a rate…

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