At its meeting today, the Board decided to
LEAVE THE cash RATE ON HOLD AT 1.5%
The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE
We are coming to the end of the financial year; this is when many Australians complete their tax returns, look at their mortgage statements and realise they are paying too much interest.
Right now, there are a number of lenders, who are offering very low rates. One Big Four bank is offering 3.59%!
Sure, many of these loans are owner occupied, but there are also some very sharp investor rates out there, with some Lenders structuring loans so that you get an investor loan at owner occupied rates or offering you a cash back incentive to
refinance your loan with them. The end of the financial year is an ideal time to review your loans to see if there is a better rate out there that could be saving you money.
Just ask us how!
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Until next time….