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Latest News

Latest News

Westpac

Westpac interest rate forecasts

The RBA lowered the cash rate by 25 basis points to 4.10 per cent at its February board meeting. The decision to reduce the rate from a 13-year high reflects the central bank's assessment that monetary policy no longer needs to remain as restrictive following a benign December quarter inflation report. Westpac Chief Economist Luci Ellis had expected the move, saying in her most recent note that the RBA would draw confidence from the decline in the trimmed mean and would "act accordingly".

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a prefabricated home

CommBank goes all in on prefab home finance

Commonwealth Bank of Australia has become the first major bank to join prefabAUS, the leading industry body for Australia's off-site construction sector. Via the partnership, CommBank will sponsor the development of a standard form contract to help homebuyers and manufacturers enter the prefab market with bank finance.

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interest rates on a see saw

Should I have a split loan with part variable part fixed?

Deciding which home loan will be the best option can be very difficult. This is even more important in an interest rate-dropping cycle. At RFS, we predict some lenders may try and buy market share and offer cheaper 2, 3-year fixed-rate loans in the near future. Should we take up one of these or stay variable, or should we split out loan part variable and part fixed? Depending on your circumstances, splitting your home loan can enable you to get the best of both worlds.

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