Australian Home Loan Interest Rates in October 2019.
The RBA reduced the Reserve Bank Cash Rate down to 0.75% at the beginning of October 2019.
Most banks have indicated they will bring their rates down, but not all will drop by the full 0.25%.
Tag: Mortgage
Australian Home Loan Interest Rates July 2019
Australian Home Loan Interest Rates in July 2019.
The RBA reduced the Reserve Bank Cash Rate down to 1.00% at the beginning of July 2019.
Most banks have indicated they will bring their rates down, but not all at the full 0.25%.
UBank
Ubank are passing on the full rate … Read the rest
Australian Home Loan Interest Rates June 2019
Australian Home Loan Interest Rates in June 2019.
The RBA reduced the Reserve Bank Cash Rate down to 1.25% at the beginning of June 2019, and most banks followed by reducing their Interest rates on Home Loans.
Some examples are shown below:
(Note: One bank that only reduced by 0.22% … Read the rest
Mortgage Interest Rate Increases January 2019
NAB has Increased its Standard Variable Loan Interest Rates.
NAB are in the news stating that they will increase their Standard Variable Loan Interest Rate to 5.36% effective from January 31st 2019.
Headlines and stories such as this, have some people worried:
Pain for homeowners as NAB raises variable mortgage
… Read the restAverage Australian Mortgage
Average New Mortgages in Australia.
The following figures are calculated from the Australian Bureau of Statistics:
5609.0 – Housing Finance, Australia
6302.0 – Average Weekly Earnings, Australia
2010 – First Home Mortgages
| March 2010 | June 2010 | October 2012 | Ave Value | No of Loans | Ave Value | No of Loans | Ave Value |
Mortgage Interest Rates in Australia Oct 2009
October 2009
The RBA increased the Base rate by 0.25 to 3.25% in Oct 2009
The big banks are now quoting the following rates for their Standard Variable Rate Home loans in October 2009.
- 5.99% NAB
- 5.99% CBA
- 6.06% ANZ
- 6.06% Westpac
These rates are to come into effect in … Read the rest