2024 Australian Interest Rate Outlook.
2024 Australian Interest Rate Outlook.
I’m asked daily by my clients, “How high will Australian Interest rates go in 2024?” Or “When will interest rates drop?”
To answer the question, we have to consider many factors, including economic indicators, global trends, and the Reserve Bank of Australia's monetary policy media releases. The decision on interest rates is based on factors such as inflation, employment, and overall economic well-being. Considering the current global uncertainties, the Reserve Bank of Australia will likely adopt a cautious approach to maintain stability and encourage economic progress. Financial market observers eagerly await any signals or announcements that could reveal the path of Australian interest rates this year.
Interest Rate 2022 -2023 Outlook
Interest Rate 2022 -2023 Outlook.
The 3rd May 2022 will it go down as a momentous day in the financial history of Australia. The weekend news was littered with the opinion of doom and gloom (relating to interest rate rises) and the effect of what interest rate rises will have on the economy.
To fix or not to fix, that is the question!
To Fix or not to fix, that is the question. Let’s chat about whether to fix or not fix your interest rate.
APRA increases servicing buffer
APRA increases the serviceability buffer lenders use when assessing a loan.
On 6th October 2021 APRA (Australian Prudential Regulatory Authority) announced changes to the serviceability buffer banks are to use when assessing a new loan. The buffer is to increase from 2.5% to 3% from the 1st of November 2021.