Home Loan Application

Download and complete the attached home loan application form then email or fax to a finance broker who will enter your information directly into their home loan comparison software and help you compare and choose a home loan.

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Interest Rates

Interest rates information and resources

Interest rates are almost always on the move. Either up or down. When rates increase the popular media generally devote a lot of space to the fact and issue reports of the detrimental effect rising interest rates are causing.

Rising interest rates for others could be a windfall. For example, an investor might negotiate a bargin purchase price for an investment property if a vendor is motivated to sell due to encountering affordability problems as a result of increasing home loan interest rates.

First Home Buyers

Most first home buyers in Australia are eligible for reductions in purchase stamp duty normally payable or other state government based first home buyer incentives when purchasing their first home to occupy.

There is also the opportunity of applying for the $7000 First Home Owner Grant from the Australian Commonwealth Government.

These two factors alone could assist you in getting a first home buyer loan with very little or even no deposit at all!

Change to Variable Rates - effective Tuesday 8 July 2008

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008.

St George Variable interest rate Home Loan products which are increasing are;

  • Standard Variable
  • Portfolio Variable Loan
  • Discount Variable
  • Seniors Access Home Loan
  • St.George No Deposit Home Loan – Quick Start Option

Change to Variable Rates - effective Tuesday 8 July 2008

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008. As a result of this rate change, a revised Comparison Rate Schedule and Serviceability Calculator will be available on the website from Tuesday 8 July 2008. Home Loan products affected are;
  • Standard Variable
  • Portfolio Variable Loan
  • Discount Variable

Change to Variable Rates - effective Tuesday 8 July 2008

St George Bank have just announced that due to continued higher costs of wholesale funding St George/BankSA will increase the interest rates on its Variable Rate Home Loans (excluding Low Doc loans) by 0.20%pa. This new rate will be effective for both new and existing borrowers from Tuesday 8 July 2008. As a result of this rate change, a revised Comparison Rate Schedule and Serviceability Calculator will be available on the website from Tuesday 8 July 2008. Home Loan products affected are;
  • Standard Variable
  • Portfolio Variable Loan
  • Discount Variable

July 1 2008 RBA board meeting

MEDIA RELEASE
No: 2008-10
Date: 1 July 2008
Embargo: For Immediate Release

STATEMENT BY GLENN STEVENS, GOVERNOR
MONETARY POLICY
At its meeting today, the Board decided to leave the cash rate unchanged at 7.25 per cent.

Inflation in Australia has been high over the past year in an environment of limited spare capacity and earlier strong growth in demand. In these circumstances, the Board has been seeking to restrain demand in order to reduce inflation over time.

Do you think rates will fall in the future

Historically interest rates have always been on the move, increasing and decreasing as a result of economic climate and market demand.

Historical data would indicate that interest rates will continue to rise and fall in the future.

ING Fixed Interest Rate Increase

Effective from 6 June 2008 ING Direct fixed interest rates will increase 0.20 percent.

This increase aplies to the following home loans;

  • 1 Year Fixed Rate
  • 2 Year Fixed Rate
  • 3 Year Fixed Rate
  • 4 Year Fixed Rate
  • 5 Year Fixed Rate

Contact Ability Finance brokers on 02 80024035 for further information.

The next Reserve Bank of Australia media release following the RBA board meeting will be,
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