Michelle Hutchison: +61 2 8917 8005
13th May, 2013
RateCity Rate Alert: 3rd lender to drop more than RBA
39 lenders announced variable rate cuts since RBA cash rate drop last week. Macarthur Credit Union 3rd lender to drop more than RBA – by 0.26 percentage points. Will more lenders pass on bigger cuts than RBA?
9th May, 2013
RateCity Rate Alert: 24 lenders announce rate cuts
20 lenders will pass on RBA’s full 0.25% to standard variable rates. Greater Building Society to cut by 0.30%: first lender to cut rates lower than RBA cash rate. Rate cut “game-changer”: borrowers warned to compare home loans online!
7th May, 2013
Reserve Bank drops cash rate: borrowers urged to demand full cut or switch!
Reserve Bank drops cash rate to lowest level ever recorded at 2.75%. But lenders charging higher rates above the cash rate than previously. Borrowers urged to demand full cut or switch!
2nd May, 2013
Property investors hit the market
Property investment hits highest value since Pre-GFC: ABS. More investors shopping for a loan at RateCity.com.au. Property investors urged to compare investment loans
13th April, 2013
More borrowers missing repayments
40% increase in mortgages 30-59 days in arrears Q412 vs. Q312: Fitch Ratings. Borrowers could face serious financial stress when interest rates rise. RateCity’s Borrowing Budget Guide for all Australian borrowers!
10th April, 2013
First home buyers hit with tougher hurdle
Some first home buyers need extra $1,430 for median-priced house or $810 more for a unit Vs. last year. But silver lining: mortgage repayments $200 more affordable than January 2012. RateCity’s first home buyer tips on saving for a deposit!
2nd April, 2013
Borrowers warned: don’t get too cosy with low interest rates!
Reserve Bank leaves cash rate at 3%. Fixed home loan rate descent slows. Prepare now for rising interest rates!
28th March, 2013
$842 MILLION credit card rort: many Aussies penalised for using plastic!
Average credit card purchase rate virtually unchanged while cash rate dropped 1.75 percentage points. Credit card holders charged extra $842 million* in interest from static rates. Most card holders can find big savings by comparing deals and switching!
27th March, 2013
First home buyer debt burden: watch your budget!
Average first home buyer home loan size almost doubled in 10 years: ABS. Strong auction results expected to continue over Easter long weekend. First home buyers warned to do your research and keep a buffer or risk mortgage stress!
23rd March, 2013
RateCity urges borrowers to consider refinancing
Potential for bigger savings while interest rates have fallen. Refinanced home loans hit almost 2-year low: ABS. Variable borrowers could be missing out on thousands of dollars by not switching home loans!