The five need-to-know numbers following July's RBA decision: Mozo's interest rate watch

The five need-to-know numbers following July's RBA decision: Mozo's interest rate watch
Jonathan ChancellorJuly 7, 2015

Kirsty Lamont from Mozo.com.au tells us the five numbers that you need to know following Tuesday’s cash rate announcement.

8

How many lenders are offering variable home loan rates under 4% at the moment

$44

How much the average monthly home loan repayment would rise by if the RBA increases rates by another 0.25% this year. 

11

The number of lenders who have increased interest rates for new investor loans.  

15

The number of basis points, on average, that lenders increased 3 year fixed rates by in June 

3.60%

This is the best rate you can earn on your savings right now by making a minimum $200 deposit and no withdrawals in the month.  

Source Mozo.com.au

 

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Editor's Picks

ANGLE secures new Camberwell apartment project
First look: Hall St, Bondi Beach transformation to continue with new shoptop housing pitched
City Beat January 2025: Sydney property market cooldown slows as new apartment pipeline ramps up
26 Vista Street, Surfers Paradise apartment development, hits 70 per cent sold
Latent Defects Insurance 101: What is the Technical Inspection Service (TIS) Program