December 2018 RBA Cash rate on Hold
Posted Tuesday, 04 December 2018 at 15:13 by Shape Home Loans
Tagged: interest only | RBA | Rate Change | Loan for investment | Loan for owners occupier | Loan for investor | house prices | Investors | Home Buyer | First home buyer | home loans | interest rates | Equity Release | news
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The Reserve Bank of Australia interest rate annoucement
The Reserve Bank of Australia has announced the decision of its monthly board meeting. Board members decided to leave the official cash rate at the record low 1.50%. December 2018
Source: http://www.rba.gov.au/
Current special rate worth mentioning
Owners rate - Rate current as of 4th December 2018 ( over 52 lenders) P/I repayment quoted
Lender:Adelaide Bank
Variable rate with 100% offset: 3.60% ( Loan min $150,000)
Purpose: New purchae, refinance, equity release and cash out
Lender: ANZ Bank
Variable rate :3.81%- ( Loan amount from $150,000+)
Fixed rate: 3.75%
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: $2,000 - $3,000 Cash back for refinance ( Condition applies - such as End date and Min loan size etc..)+ 1st year annual fee wavied
Lender:Me Bank
Variable rate with 100% offset: 3.69% ( Loan min $150,000)
Purpose: New purchae, refinance, equity release and cash out.
Investment rate - Rate current as of 4th December 2018 ( over 52 lenders) P/I repayment quoted
Lender: Auswide
Variable rate with 100% offset: 3.95% ( Loan min $150,000) ** Note interest only allowed at 4.34% ****
Fixed rate: 3.99% 3 years
Purpose: New purchae, refinance, equity release and cash out.
Lender: ANZ Bank
Variable rate: 4.46% ( Loan min $150,000)
2 years fixed: 3.95% ( Loan min $150,000) ** Note interest only allowed at 4.18% ****
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: 1st year annual fee waived + $2,500- $3,000 cash back for refinance( Condition applies - such as End date and Min loan size etc..)
Lender: Gateway Credit union
Variable rate: 4.17% ( INTEREST ONLY Quoted)
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: No annual fee and no on going fee.
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