-
Westpac slashes rates beyond RBA rate cut
- February 4, 2015
- Posted by: admin
- Category: Enconomy, Finance News, House prices, Inflation, Interest rate, Investment Property, Self Managed Super Funds, Wealth
No CommentsTwo of the big four banks have now passed on the RBA rate cut in full. Westpac today announced it will reduce its standard variable mortgage rate by 0.28 per cent to 5.70 per cent per annum. The new rate takes effect on 20 February 2015. Customers on Westpac’s Premier Advantage Package who receive a minimum 0.70 per
-
Buying cheaper than renting: RP Data
- December 21, 2012
- Posted by: admin
- Category: Enconomy, Finance News, Financial goals, Home loan product, House prices, Inflation, Interest rate, Wealth
There are now 494 suburbs across Australia’s capital cities and regions where it’s cheaper to service a mortgage than pay a landlord, according to new research by RP Data. In the latest Buy Vs Rent Report, RP Data found Queensland boasts the greatest number of suburbs and towns – at 185 – where it’s cheaper
-
Banks pounce on interest rate hike
- May 6, 2010
- Posted by: admin
- Category: Finance News
The RBA’s sixth hike in eight months takes the official cash rate target to 4.5 per cent and will add about $48 a month to mortgage repayments on a $300,000 loan with a 25-year term. The Commonwealth Bank was the first of the big banks to announce it was lifting its rates following the RBA
-
Don't get out of your depth
- February 19, 2010
- Posted by: admin
- Category: Finance News
Property investors who are hoping for easy money and first-timers keen to get a foothold on the property ladder will have to weigh the numbers carefully… Home loan interest rates are rising and, in what should be a warning, more home-owners, particularly recent first-timers, are coming under increasing mortgage stress. Of the 251,000 households in