Category Archives: News

Rate-Alert-Header-Unchanged-2017

The RBA has left the official cash rate on hold at 1.5%.

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The Reserve Bank of Australia has today announced the outcome of its board meeting and it has decided to leave the official cash rate unchanged. As widely predicted the RBA has kept rates on hold as it balances a swag of recent positive economic news around growth in the economy, unemployment, house values and building approvals against a continued lack of wages growth and business investment. Regardless of whether rates move up or down, my role as your mortgage broker remains unchanged. I’m always on hand to ensure you still have the right financial solution for your current circumstances. If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

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Rate-Alert-Header-Unchanged-2017

The RBA has opted to leave the official cash rate on hold at 1.5%.

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With the new year underway, we’ve come to the first rate news for 2017. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. As widely predicted the RBA has kept rates on hold as it continues to look for the balance between containing house price growth and managing below target inflation levels, record low wages growth and slow economic growth. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right financial solution for your current circumstances.

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rate-alert-header-unchanged-2016

Reserve Bank of Australia keeps cash rate on hold at 1.5%.

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This month’s Reserve Bank of Australia cash rate decision has just been announced; the last decision for this year in what has certainly been a jam packed 12 months. I’m pleased to share this update with you and the thoughts on why the Reserve Bank of Australia has made this call. The RBA elected to adopt a wait and see approach over the Christmas and New Year period and has left the cash rate on hold at 1.5%. Between now and its next meeting in February, the Reserve Bank will weigh up a number of factors including the ‘Trump effect’ which some lenders are attributing to rising funding costs and consequently increasing fixed loan interest rates. Low inflation, slow economic growth, improving commodity prices, a stronger Australian dollar and ongoing concerns around some inner city property markets are among the other factors the RBA will need to take into account….

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Rate-Alert-Header-Unchanged-2016

The RBA has opted to leave the official cash rate on hold at 1.5%

By | News | No Comments

The RBA has opted to leave the official cash rate on hold at 1.5%. With celebrations for the race that stops a nation in full swing, I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. The RBA has resisted temptation to further lower rates. In making this decision it appears to have taken into account stable unemployment figures, improving commodity prices and concerns about further stimulating the Sydney and Melbourne property prices whilst discounting for the moment, concerns about low inflation. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right…

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