Commonwealth Bank, Australia’s largest mortgage lender, has raised interest rates on fixed-rate investment home loans. Which other banks have followed suit?
Alita and her husband want to move into a bigger home but are torn between saving hard for another year and making the move, or paying off their current home first. Paul Clitheroe says the answer lies in Australia’s population growth.
The Reserve Bank of Australia seems to be stuck between a rock and a hard place, today announcing it has left the cash rate on hold at the record low setting of 1.5% in a widely anticipated decision.
NAB and Westpac have jacked up owner-occupier and investor home loan rates, and we can safely predict Commonwealth Bank and ANZ will follow suit. But there is one bright spot for borrowers.
CBA will suspend new lending for investors looking to refinance as part of a crackdown on investor lending, believed to be behind housing’s rapid growth.
As widely expected we have just seen the Fed move again – raising its Federal Funds target interest rate to the range of 0.5-0.75%. What does this mean?
For Australian property, the renewed ‘reflation’ tone globally likely means the RBA will not need to lower official interest rates again.
In the wake of the election of Donald Trump as president of the United States, what should Australian investors consider?