Property Market Updates

The RBA board on Tuesday decided to hike its cash rate 25 basis points to 4.35%, a 12-year high. The increase, widely anticipated by economists, was the central bank’s 13th rate rise since May 2022.

New governor Michele Bullock and the board had lately sent repeated signals they were poised to resume rate rises if inflation didn’t slow as expected. The RBA remains ready to hoist interest rates again if required, she said in an accompanying statement.

For the first time since November 2010, the RBA has raised its official cash rate – from 0.1% taking it to 0.35%. This was above market expectations for a 0.15% hike, and a bit closer to our expectation for a 0.4% move. This article will take you through how this interest rate increase will affect your repayments.

The RBA appears to have partly accepted the argument that it had to do something decisive in order to signal its resolve to get inflation back down. It also announced that it will start quantitative tightening, by allowing its portfolio of bonds on its balance sheet to run down as they mature.

We’re well and truly into Spring, and the RBA’s official cash rate is still sitting at 0.75%… Yes, below 1% – the lowest it has ever been.

This update will walk you through what the team at OneSite are currently observing in the Home Loan and general Credit Markets. There are currently a number of factors affecting the credit markets; mainly rate cuts, property market outlook and regulatory changes.

The article will also show you the current lender specials following the RBA announcing a third rate cut in quick succession.

After two rounds of official interest rate cuts by the Reserve Bank in the space of 2 months, the big four banks have managed to come up with basic standard variable mortgage interest rates within 6 basis points (0.06%) of each other.

Borrowers are set to receive a boost to their borrowing capacity in the order of $80,000 to $100,000 thanks to a combination of changes to lending standards and interest rate cuts, new modelling shows.

Under the proposed relaxation of loan serviceability rules flagged by the Australian Prudential Regulation Authority (APRA) last week, borrowers will no longer be assessed to see if they can repay their loans against an interest rate of 7.25%.

April has started, and the RBA’s official cash rate is still sitting at 1.50%. The lowest it has ever been.

This article will walk you through what the team at OneSite are currently observing in the Home Loan and general Credit Markets. There are currently a number of factors effecting the credit market:
– General economic variables
– Property market outlook
– Regulator changes

With this in mind, the article will show you the current lender movements in the market.

Another month has gone by and the RBA’s official cash rate is still sitting at 1.50%, the lowest it has ever been. The prospect of the cash rate being cut, along with stronger economic data out of other world markets have led to the Australian Dollar trading at or near 3 year lows. This will have implications for Lender’s debt financing, with a large portion of that sourced in foreign currencies and thus needing to be hedged.

With this in mind some Lenders have signalled an increase to their home loan rates. This article will run you through the latest news on the home loan as at February 2019.

The investment and home loan market is in a state of flux. This article will run you through the latest news on the home loan as at September 2018.

Over the last couple of weeks, there have been a number of announcements that lenders will be increasing their home loan rates without waiting for the Reserve Bank of Australia (RBA).

This is due to the fact that the RBA’s official cash rate is still sitting at 1.50%. Please keep in mind, this is the lowest it has ever been.

The rate increases are mainly on variable rate home loans at this stage. However, we expect to see an increase in all mortgage rates in general as Lender’s cost of funding is starting to rise on the back of movements in the global economy.

Changes to lending regulations are forcing banks to change the way they assess requests to switch or extend Interest Only repayment periods. These changes effect customers who want to extend Interest Only repayment periods, as well as those wanting to switch from Principal and Interest to Interest Only repayments.

In the past, CBA customers would simply call the bank and request to switch to Interest Only repayments over the phone. Customers were also able to change their existing loan from P&I to IO over the phone. Other banks applied a very similar process when customers requested to switch to or extend Interest Only terms.

Lenders are constantly adding new products or features to their existing loan products to entice customers and build their market share in different niches. This article will run you through the different specials that are available on the market as at August 2018.

Lenders are currently trying to transition Borrowers towards Principle and Interest Loans. And with the property market cooling over the winter months, there are a number of new lending restrictions to boot.

There are number of offers aimed at different segments of the market from First Home Buyers to Investors with both variable and fixed rate options to choose from. For customers looking to refinance, please be aware of the newer, more onerous lending criteria being applied to new loans. Your lending capacity may have been greatly affected since the last time you sought finance.