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  #31  
Old 02-04-2014
rabskyline rabskyline is offline
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Pm me Dave what I I need to do, our Anz mortgage girl is as much use as a chocolate fireguard.
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  #32  
Old 03-03-2015
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Interest Rates on hold.....

Quote:
RBA holds cash rate at 2.25%

The RBA board, at its March meeting today, decided to hold the cash rate steady after February's surprise rate cut, bucking the general consensus that the bank tends to deliver cuts in pairs.

The decision sent the sharemarket reeling and rallied the Australian dollar against the US currency.

RBA Governor Glenn Stevens said the board would wait to see the impact of February's cut before making another change to the rate.

'Having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being,' Mr Stevens said.

The bank would assess the case for cutting the already record-low cash rate to a new low at forthcoming meetings, he said.

?Further easing of policy may be appropriate over the period ahead, in order to foster sustainable growth in demand and inflation consistent with the target.?

Mr Stevens said the Australian dollar was still too high to achieve balanced growth in the economy, having declined substantially against the US dollar, but less so against other currencies.

.................................................. ........
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  #33  
Old 1 Week Ago
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Bringing up an old thread, is it time to lock it in again? Can get a rate of 2.29% fixed for 2 or 3 years principal and interest no offset and $10K maximum extra a year in repayments otherwise get smacked pretty hard, currently on variable at 3.7%.
Since the royal commission it is gunna be too hard to change banks as I dont have cut and dried circumstances and since I have quite a large land holding I have the ability to self quarantine and live off my property so will have to stay with the same lender....what say you fellow Corona avoiders
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  #34  
Old 1 Week Ago
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Quote:
Originally Posted by Max at the Flat View Post
Bringing up an old thread, is it time to lock it in again? Can get a rate of 2.29% fixed for 2 or 3 years principal and interest no offset and $10K maximum extra a year in repayments otherwise get smacked pretty hard, currently on variable at 3.7%.
Since the royal commission it is gunna be too hard to change banks as I dont have cut and dried circumstances and since I have quite a large land holding I have the ability to self quarantine and live off my property so will have to stay with the same lender....what say you fellow Corona avoiders
Talk to your bank, I'm with one of the big 4 and my variable rate is 2.93%. I'm sure there are better out there than this also.
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  #35  
Old 1 Week Ago
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Originally Posted by Medium Rare View Post
Talk to your bank, I'm with one of the big 4 and my variable rate is 2.93%. I'm sure there are better out there than this also.
Yaaa, not that easy I have to stay with the same lender as since I got my loan a lot of circumstances have changed and the bank wont lend on more than 100 acres unless it is the higher farm rate loans and I have slightly more than 100 acres

Oh and the indicative saving over 12 months is $2,500 so it is worth it unless the rates go down even further
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  #36  
Old 1 Week Ago
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Not answering the question, but on the subject of Interest rates.
Here's something to consider. I saw this a couple of weeks ago.
Its about 12 minutes long and features Alan Jones so watch at your own peril.

https://youtu.be/oT9vP_RoCdM
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  #37  
Old 6 Days Ago
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Quote:
Originally Posted by Max at the Flat View Post
Yaaa, not that easy I have to stay with the same lender as since I got my loan a lot of circumstances have changed and the bank wont lend on more than 100 acres unless it is the higher farm rate loans and I have slightly more than 100 acres

Oh and the indicative saving over 12 months is $2,500 so it is worth it unless the rates go down even further
Ah OK. I saw the picture you posted back on page 2 of this thread, if that's your place your lucky it looks like a beautiful spot.

In that case I think your fixed term of 2-3 years at 2.29% sounds pretty good compared to 3.7%.
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  #38  
Old 6 Days Ago
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Already had a request for rentel assistance, ie; stop paying for a while , im sure my bank will be fine if i stopped payng my loan off too .
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  #39  
Old 5 Days Ago
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Originally Posted by Medium Rare View Post
Talk to your bank, I'm with one of the big 4 and my variable rate is 2.93%. I'm sure there are better out there than this also.
I'll second this. Definitely having a chat with the bank. Even with it being a farm loan they might be willing to move/close the gap a bit.

We are with one of the big 4's and also getting some very reasonable rates. We've also been advised to follow up again in 6 months time.. suggesting that the rates may continue to drop.
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  #40  
Old 5 Days Ago
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What happens if Interest Rates do become Negative?
Banks paying money for holding money is Reversed?

It means you/we pay them for holding our money?
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