RateCity.com.au
Advertisement

Refinancing soars as rates remain on hold


Laine Gordon

By Laine Gordon

1 min read

With the cash rate left on hold again at today’s Reserve Bank board meeting, marking 7 months unchanged at 2.5 percent, more Aussie home owners are seeking rate cuts of their own by refinancing, research shows.

A RateCity.com.au analysis of Australian Bureau of Statistics figures shows the number of owner occupiers refinancing their home loans was up by 17 percent to $27 billion in the first half of the 2013-14 financial year.

 

Media Enquiries

Georgie Hay 

P: 0404 892 199
E: media@ratecity.com.au


Corporate Address

Level 3, Suite 3.02, 52 Alfred Street, Milsons Point

NSW 2061 Australia


Visit Contact Us for all non-media enquiries.
Compare your product with the big 4 banks, or add more products to compare