Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Speaking for myself; any rate cut will allow me to improve my cashflow and allow me to reduce debt and interest and get back on my feet fairly quickly..Again, the rates are so low that if a business is relying on this cut to survive, there's probably no helping them at this point.
Speaking for myself; any rate cut will allow me to improve my cashflow and allow me to reduce debt and interest and get back on my feet fairly quickly..
Over 6 months, it can be enough to allow folks to get themselves out of the hole.
So money just got cheaper across the board - I think Fixed rates will be the battlefront for the next few months - watch for all the sub 4.5 or 4.6% 3-5 year rates that become freely available in the next few weeks. If you have a large $$$ debt across a portfolio and can get it set for 3 years or more @ 4.5% ish, that's pretty good going.
Borrowing capacity will have just had a little nudge upwards as well, as servicing calcs are adjusted ... all in all, this will fuel another few months of Sydney price rises.
Got to be really careful of bubbles forming, does the RBA. Sydney especially.
I put in a pricing request to CBA on Monday for just over $1 mil fixed for 3 years and got 0.45% off the rate. Then today they announced a further 0.25% drop.
So net rate to customer 4.39%!! I am not sure if I put in a similar request today whether I would get 0.45% off?
I put in a pricing request to CBA on Monday for just over $1 mil fixed for 3 years and got 0.45% off the rate. Then today they announced a further 0.25% drop.
So net rate to customer 4.39%!! I am not sure if I put in a similar request today whether I would get 0.45% off?
Wait! Be patient! Don't fix yet!
More cuts to come!
25bps ain't enough for the RBA.
Market is pricing in at least 2 cuts in 2015.
And re serviceability, APRA is requiring a floor rate. So it's not gonna improve even if the interest rate falls to 3%.
Got to be really careful of bubbles forming, does the RBA. Sydney especially.
If we hit zero, then the world is in the toilet .....period
Much of the EU has a reserve rate of 0.05%, Sweden and Japan are both on 0% and Switzerland is at -0.75%!
Sure, they're not doing as well economically as they'd like to, but I'd argue that they're not in the toilet either.
http://www.tradingeconomics.com/country-list/interest-rate
I put in a pricing request to CBA on Monday for just over $1 mil fixed for 3 years and got 0.45% off the rate.
You can put through a pricing request on fixed rate? I thought you can do so only for variable rate?