'AAA' Newsletter
- What's happening in May?

Cash Rate Remains Unchaged at 1.50%

The Reserve Bank of Australia (RBA) has elected to leave the cash rate unchanged at 1.50% for another month. Governor, Philip Lowe, had this to say in his official statement:

“The adjustment in the Sydney and Melbourne housing markets is continuing, after the earlier large run-up in prices. Credit conditions for some borrowers have tightened a little further over the past year or so. At the same time, the demand for credit by investors in the housing market has slowed noticeably, as the dynamics of the housing market have changed."

"Growth in credit extended to owner-occupiers has eased further. Mortgage rates remain low and there is strong competition for borrowers of high credit quality. The low level of interest rates is continuing to support the Australian economy.”

What does this mean for you? Despite the cash rate staying at 1.50%, lenders have decided to move rates independently.

If you have any questions regarding the latest RBA announcement, or home loans in general, then please feel free to get in touch!

With over 30 years of experience lending to self-employed borrowers, we are experts in flexible home and investment home loan solutions for self employed business owners.

We are here to help you reach all of your financial goals. ‘AAA’ is a big supporter of small businesses in Australia, as we recognise that SMEs are a key factor in driving the Australian economy.

If you are self-employed and running your own business, come have a chat to us at 'AAA'! Many of our clients are home owners and commercial property owners, some of whom own the property they run their business from.

 
We use both bank and non-bank lenders to obtain excellent rate options and equity release for clients who are looking to grow their business or improve their property.