Post Tagged with: "interest rates"
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Major hikes IO rates by 30 basis points
The Commonwealth Bank of Australia (CBA) has announced it will be reducing its owner-occupier standard variable rate for those repaying principal and interest. From 7 July, customers paying off their […]
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APRA’s Lending Crackdown won’t Slow Investors : Analysts
The latest attempts by the banking regulator to cool the housing market will not address financial stability concerns or slow investor lending, analysts say. It comes as the Reserve Bank of […]
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Banks to Slam Brakes on Interest-only Loans
Borrowers looking to buy a house with an interest-only loan will find it much harder under new rules brought in to curb “heightened risk” in the housing market. The Australian Prudential […]