Tag Archives: interest rates

Westpac cuts fixed rates

Posted on June 29, 2011 by Various

Westpac has cut interest rates on its fixed rate home loans by up to 20 basis points.  In a release to brokers, the bank said it was reducing rates for its Home and Investment Property Loan for two to 12 … Continue reading →

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Westpac and CBA refuse to give in

Posted on February 14, 2011 by Various

NAB to pay exit fees to lure customers Commonwealth Bank, Westpac won't budge Homeowners set for a more competitive market TWO of the big four banks have defiantly refused to scrap mortgage exit fees. Australia's home-loan war intensified on Saturday … Continue reading →

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Australia’s property market strength set to fade in 2011 under weight of rising rates: report

Posted on December 31, 2010 by Various

THE AUSTRALIAN property market has been one of the strongest in the world in 2010, according to a new study, but is predicted to slow into 2011 under the weight of higher interest rates. The Global Real Estate Trends report, … Continue reading →

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Overvalued house prices will correct without crash

Posted on December 17, 2010 by Pricefinder

AUSTRALIA’S house prices are over-valued by 5 per cent to 10 per cent but any correction is ”likely to be orderly” and the result of income and rent rises rather than a collapse in prices, says the International Monetary Fund. … Continue reading →

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Home buyers turn away from banks to building societies, non-bank lenders

Posted on December 8, 2010 by Pricefinder

HOME buyers have delivered a slap in the face to the banks, driving a surge in home finance figures in October for non-bank lenders. Even before the Melbourne Cup day interest rate rise, building societies and other non-bank lenders were … Continue reading →

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Interest rates remain on hold

Posted on December 7, 2010 by Pricefinder

As predicted by most economists, the Reserve Bank has left interest rates on hold at 4.75 per cent. Not one of the 25 economists surveyed by financial company Bloomberg expected the official cash rate to increase today. The Reserve Bank … Continue reading →

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Westpac, NAB complete rate rise quartet

Posted on November 12, 2010 by Various

Westpac has joined the other three major banks in raising mortgage rates more than the Reserve Bank with a 35-basis-point increase. The move came just over an hour after National Australia Bank raised its standard variable mortgage rate by 43 … Continue reading →

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