RBA's February Rate Cut

[turk]

Does anyone know how much the ANZ dropped their rates?

Cheers

Pete

 

[regrow]

Turk

KIM5......anz 100 basis points cut too

you little beauty!!

Regards

Regrow

 

[MichaelW]

Does anyone know how much the ANZ dropped their rates?

All of the Big 4 have now confirmed they're passing on the full 100bp cut to their variable rates.

http://business.smh.com.au/business/big-four-banks-pass-on-full-rate-cut-20090204-7x0p.html

NAB stated that they will struggle to pass on any more though given their cost of funding, so getting in early for the next rate cut.

Cheers,
Michael

 

[Witzl]

woohoo!
5.06% IR is damn good news.

 

[auror]

we're 5.21%... yay!

Witzl, your slogan under your username is pretty awesome

 

[Jodie701]

Does anyone have word from ING as to what they are doing?

Hopefully they'll follow suite and pass on the 1% too. Then my rate will be 5.19%

 

[Ms Jade]

Ditto Macquarie?

Err, let me know if you get anything from them will you? I received zero notification of the last cut.....Then again, whatever they pass on probably won't be effective until some time in March.

 

[Lickster]

I have 2 x $180,000 IO loans but curiously one is fixed at 9.35% (another 16 months) and the other is variable, now at 5.06% !!!!!

Frustrating but I can live with it.............

 

[ianvestor]

Yeah, 4 out of 5 of mine ($1m+) are fixed around the 9 - 10 area... until at least 2011.

I'm just hoping I can get some good fixed rates at the completion of my townhouses late 2009/early 2010.

 

[Alex P Keaton]

Understand people's desire to find out what their bank is doing, but its really not when they announce it, its when the rates are effective from.

WBC are from Feb 9th whilst ANZ's are 13th.

thats ok, my next payment is the 28th.

 

[Nathan]

i got one 4.99% variable on a special pro pack

 

[ems]

Wohooooo my two loans are now NAB - 5.04% and ANZ 5.41%.

Overall CF+! YAY!!

Ems

 

[sparky23]

Two of ours tenants have recently given notice. One of them is breaking their lease with 2 months left to run. The PM on that property already has a new tenants application on their table with an extra $10 per week rent rise. The 2nd property was relet with a $20 per week increase. So still plenty of tenant demand around the place.

My rental Manager suggested we advertised with a $30 increase and we have until the 26th March to find someone so should be fine. Plus 3 or 4 people waiting to see another which vacated this week they are putting just $5per week on that one but every little helps.

 

[fald1]

i was in cba today.

was told they are cutting the rate by 100bp next friday. just in time for valentines

 

[DavidMc]

Woohoo 4.84% for me!!!!!!!!

 

[eggnog]

^^^ WTF. how'd you get so low. I'm on 5.21% and thats with the 0.7% disc.

 

[Nards]

Yep, we're with CBA and our rate will come down to 4.94% once the rate change comes through - woohoo! Exciting stuff, a great time to improve the cashflow .

Nadia

 

[eternit]

Yep, we're with CBA and our rate will come down to 4.94% once the rate change comes through - woohoo! Exciting stuff, a great time to improve the cashflow .

Nadia

Hi Nards,

How do you get the 4.94% with CBA?

I will be on 5.04% with the Wealth Package.

Thanks.

 

[BayView]

i was in cba today.

was told they are cutting the rate by 100bp next friday. just in time for valentines

You've made my day.

I hadn't heard about any CBA cut until now.

This will be a nice b'day pressy.

Thanks!!

 

[BoatBoy]

Members equity are dragging the chain, Their website said they were making the announcment by Feb 6th (today)

But now the website has changed

6 February 2009
Members Equity Bank reviewing interest rates
Following the announcement by the Reserve Bank of Australia to cut interest rates today, Members Equity Bank is currently reviewing its rates and will make an announcement by Wednesday 11th February.

GRRRrrrrr, they were fast enough to jam 'em up in the up cycle and now they are stalling.


Dave