UPDATE - 1st August 2017

The Board decided to maintain the current cash rate at 1.50 per cent.

The Reserve Bank of Australia (RBA) Cash Rate is indicative of Australian banks borrowing costs and, as a result, any change to the cash rate will more than often see a correlated change in consumer Home and/or Investment Loan interest rates. It is not uncommon for lenders to pass on partial increases or reductions.

For historic RBA Rate changes click here.

To check up on your current Home and Investment Lending situation we recommend contacting a Prefix Finance Mortgage Consultant. You can find contact details here.

August 2017