Phone us now articles sitemap  
Melbourne Mortgage Broker
Latest news - First Home Buyers scheme has been extended.
Interest rates continue to fall. Take advantage of new home loans in Victoria.
Check your mortgage to make sure you are not paying too much in repayments.

Mortgage Rate Melbourne

Westpac and ANZ announced 100 basis point cuts to their standard variable home loan rates yesterday, taking their standard variable home loan rates to 5.91 per cent.

NAB and CBA will cut their standard variable home loan rates to 5.74 per cent. St George will lower their standard variable home loan interest rate by the full one percentage point to 5.89 per cent

Also just announced, BankSA said it will cut its standard variable interest rate to 5.89 per cent.

Melbourne homeowners can save up to $200 per month on a $300,000 variable rate mortgage.  The new rates for all banks will be effective by February 13.

Yesterday the Reserve Bank of Australia moved to cut official interest rates by 100 basis points and the major banks have all passed on this rate cut in full to home owners. Following recent reports from the International Monetary Fund that the world economy is stalling, and predictions that Australia's unemployment rate may hit 7% by the end of the year, the RBA decided to cut rates dramatically in an attempt to boost consumer confidence, and get Australian's spending again.

Despite an increase in the number of first home owners purchasing property, overall new home sales are down as are new building approvals.

It is hoped the rate cuts will encourage more sales of property as well as new building approvals.


  List of lenders

Melbourne Home Loans

Full featured home loans

Variable rate home loans now with all the bells and whistles.

Debt Consolidation

Bring together all your credit cards, car loans and other debts into the single facility.

Refinancing

Interest rates keep falling. Are you getting the best deal you can?

Low Doc Home Loans

Don't be penalised just because you run a successful small business. Be treated as an equal here.

Home Equity Loans

Take advantage of a revolving line of credit to fund important purchases or to renovate..

Cheapest Home Loans

A honeymoon loan can save you thousands to begin with. The trick is reading the small print.