We have compiled a collection of online channels with features providing content on Perth & Australia property for good ideas to read the play in the future of real estate.
BIG ANNOUNCEMENT
RBA have dropped the cash rate!!!
For the first time since November 2020 the RBA has dropped the cash rate to 4.1%. It comes after keeping interest rates on hold at 4.35% since November 2023 – the highest level in 13 years.
What does this mean?
Firstly, we have to see which lenders pass this cash rate onto customers. All 4 major banks (ANZ, CBA, Westpac and NAB) have confirmed they would amending their variable rates. Check out below to see what they said…
Will there be more?
Economists are predicting that this first rate cut is the start of a “shallow” easing cycle – while we don’t have a crystal ball there could be more rate cuts.
What should I do?
Get your updated home loan rate review. Even if your lender doesn’t drop their rate – you could possibly save on your monthly repayment with a review.
Equity Review
The last few years has been extraordinary so if you have not checked the actual current market value then get an update on your property equity. You may be pleasantly surprised.
Majors pass through rate cuts
ANZ – Variable interest rates across ANZ’s Australian Home Loans will decrease by 0.25 per cent per annum (p.a.) effective 28 February 2025.
CBA – Decrease home loan variable interest rates by 0.25 per cent p.a. from 28 February 2025.
NAB – Will reduce standard variable home loan interest rate by 0.25 per cent, effective 28 February 2025.
Westpac – will decrease home loan variable interest rates by 0.25 per cent p.a. for new and existing customers effective 4 March.
Want to know more…. Book a Property Review.
realdeal@iinet.net.au or mres@iinet.net.au
Want to know more…. Book a Property Review.
realdeal@iinet.net.au or mres@iinet.net.au
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realdeal.com.au
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landwatch.net.au
proscouts.net.au
sunsetcoast.life
