March 2018 RBA cash decision
Posted Tuesday, 06 March 2018 at 14:44 by Shape Home Loans
Tagged: RBA | Rate Change | First home buyer | interest rates | 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%.
Source: http://www.rba.gov.au/
Current special rate worth mentioning
Owners rate - Rate current as of 6th March 2018 ( over 52 lenders) P/I repayment quoted
Lender: Auswide
Variable rate with 100% offset: 3.59% ( Loan min $150,000)
Purpose: New purchae, refinance, equity release and cash out.
Lender: St George Bank, Westpac and Commonwealth bank ( CBA)
Variable rate with 100% offset: 3.82%- 3.72% ( Loan amount from $300,000- $1,000,000 + )
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: 1st year annual fee waived+ $1,250 - $1,500 cash back
Lender: St George Bank or Westpac
2 years fixed rate: 3.79% ( Min loan amount $150,000)
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: 1st year annual fee waived+ $1,250 - $1,500 cash back
Lender: Uni bank Or teachers Mututal bank
2 years fixed: 3.69% ( Loan min $150,000)
Purpose: New purchae, refinance, equity release and cash out.
Investment rate - Rate current as of 6th March 2018 ( Over 52 Lenders) P/I repayment quoted
Lender: Auswide
Variable rate with 100% offset: 3.89% ( Loan min $150,000) ** Note interest only allowed at 4.19% ****
Purpose: New purchae, refinance, equity release and cash out.
Lender: Adelaide bank
Variable rate with 100% offset: 3.99% ( Loan min $150,000)
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: 1st year annual fee waived
Lender: St George Bank or Westpac
2 years fixed rate: 3.89% ( Min loan amount $150,000) *** Note interest only allowed at 4.04% fixed for 2 years)
Purpose: New purchae, refinance, equity release and cash out.
Extra promotion: 1st year annual fee waived+ $1,250 - $1,500 cash back
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