Important information
Please be aware of the following;
- As a blog style website there can be a lot of historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
- Ability Finance, through choice, no longer represent some lenders who may be historically referred to within this website.
- At present we are only prepared to discuss financial products for consumers with customers we are able to personally meet with on a face to face basis.
- No information or content contained on this site should be relied on as being current.
- No content contained within this site should be taken as advice in any way at all.
Interest Rates
Products and Services
Submitted by administrator on Wed, 21/01/2009 - 10:44amAbility Finance brokers offer a comprehensive range of finance related products and services.
- Residential property finance
- Commercial property finance
- Business finance
- Cars, vehicle and fleet finance
- Plant and equipment finance
- Insurance
Ability Finance brokers are not restricted by any exclusivity agreements and we endeavour to represent every bank, lender and insurer who competitively offers products and services to finance brokers. Click to Read more..
Best Home Loan Interest Rate
Submitted by administrator on Wed, 31/12/2008 - 11:51amBest Home Loan Interest Rate
Everyone is of course looking for the “best interest rate home loan” but to establish an optimal home loan product in each case there are many questions that need to be answered first. Some of the more important questions that need to be answered are; Click to Read more..
RBA Cash Rate History to January 2009
Submitted by administrator on Tue, 02/12/2008 - 2:43pmThe Reserve Bank of Australia, RBA, moved to yet again lower the cash rate following the board meeting today.
The attached graph illustrates the cash rate movement since January 1990 down to today's announced 4.25 percent.
Since the next RBA meeting is not until the 3rd February 2009 the cash rate should remain at 4.25 percent for the next 2 months at least.
The last time the cash rate was this low was between December 2001 and May 2002 when the rate increased 0.25 to 4.50 percent. Click to Read more..
Reserve Bank of Australia Cash Rate History
Submitted by administrator on Mon, 01/12/2008 - 4:50pmThe Reserve Bank of Australia board is due to meet again tomorrow the 2nd December 2008 and many are predicting a rate drop of around 0.75 percent.
The announcement will be posted as soon as released over at Finance Broker Australia website.
The attached graph shows the cash interest rate historical trend in Australia since May 1997 through to November 2008. Click to Read more..
Commonwealth Quick to Announce Interest Rate Cut
Submitted by administrator on Tue, 04/11/2008 - 3:44pmCommonwealth Bank have moved quickly to announce cuts to their variable interest rates of up to 0.58 percent
Changes to Variable Rate Home Loan / Investment Home Loan Rates as from Monday 10 November 2008
Following today’s announcement from the RBA to reduce the cash rate to 5.25%, interest rates for the following lending products (new and existing borrowings) will change from Monday 10 November 2008.
The rates are for the following products: Click to Read more..
- Variable Rates Home/Investment Home Loans
- Standard Variable Rate (including Low Doc) -0.58%
Reserve Bank Australia Announce 0.75 percent cut
Submitted by administrator on Tue, 04/11/2008 - 2:56pmGreat news today where the RBA has announced another cut to the Australian cash rate.
The Reserve Bank board has announced a cut of 5.25 per cent, effective 5 November 2008.
The full media release is available at the finance broker Australia website.
Interest Rates
Submitted by administrator on Fri, 31/10/2008 - 12:17am
Home Loan Interest Rate
History to October 30 2008
The attached graph is factoring in the 1% drop announced by the RBA in the first week of October. A more recent graph of interest rates to January 2009 is available on this page.
Following this announcement most, but not all lenders, dropped their variable interest rates by 0.80 percent. A little later in October one competing bank dropped their rates by another 0.25 percent making them the lowest variable rate. Click to Read more..
Australian Home Loan Interest Rate History
Submitted by administrator on Thu, 30/10/2008 - 6:26pmHome Loan Interest Rate History
The average bank variable interest home loan interest rate rate over the past 59 years in Australia is 8.87 percent. (source Reserve Bank of Australia standard variable interest rate home loans, Jan 1959 to Feb 2008)
The same standard variable home loan interest rate was above 9 percent from July 1974 through to August 1993 when the rate dropped to 8.75 percent for 1 year then did not return to below 9 percent again until November 1996.
Current 2008 interest rates don't seem that bad after all when viewed in this light! Click to Read more..
