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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As lenders continue with their out of cycle rate increases and with the growing probability that the government’s bank levy will be passed onto customers, the Reserve Bank of Australia today decided to leave the official cash rate unchanged. In continuing to adopt a wait and see approach the RBA took into account the latest set of mixed economic data. Unemployment has fallen from 5.9% to 5.7% and retail spending was up 1% in April but there are signs that the housing markets in Sydney and Melbourne are slowing and economic growth data due out tomorrow is expected to be lower. Regardless of whether rates move up, down or stay the same, 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…

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Rate-Alert-Header-Unchanged-2017

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

By | News | No Comments

As lenders continue with their out of cycle rate increases, at its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. This follows new data released yesterday that indicates the strong Sydney and Melbourne property markets may be close to peaking following APRA’s intervention into the levels of interest only and investment lending the banks are funding. It also appears the Reserve Bank is waiting to gauge the impact of next Tuesday’s federal budget on overall economic sentiment. Regardless of whether rates move up, down or stay the same, our role as your mortgage broker remains unchanged. We’re 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%.

By | News | No Comments

At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around the growth of the Sydney and Melbourne property markets. Assisting the RBA not to make the call to increase rates was the out of cycle rate increases we have seen from lenders over the last week. In many ways these have done the RBA’s job for the moment. Also weighing on the RBA’s decision not to move rates higher was the continued uncomfortably high unemployment rate and the fact inflation remains within its target range. 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….

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Rate-Alert-Header-Unchanged-2017

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

By | News | No Comments

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%.

By | News | No Comments

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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