| :: RBA Lifts interest rates
On wednesday 2nd of August, the Reserve Bank of Australia (RBA), raised the overnight cash rate .25% to 6%. How does this affect mortgage rates? Banks source their short term borrowings from markets that rely on this rate, hence a .25% increase in the RBA rate will eventually flow through to the standard variable mortgage rate in the coming weeks.
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| :: Home Loan Doctor
Have you looked at your mortgage lately? If you haven't, it may be time to have a specialist check over your home loan, if for nothing more than to give your mortgage a clean bill of health and a confirmation that your mortgage is the right one for you at the right price.
Have a mortgage specialist give your mortgage a check up
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| :: Spring is coming
Did you know that over 50% of all home sales in the year occur in just 3 months, September, October and November? If you are thinking about buying or moving in these months it may be best to get a home loan application under way now. You can obtain a pre approval from Iconex now, free of cost and obligation, in readiness for Spring.
Simply fill out the form to start your pre approval
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| Current Rates |
| Standard variable | 7.57% |
| 1 Year Fixed | 7.04 - 7.19% |
| 3 Year Fixed | 7.04 - 7.19% |
| 5 Year Fixed | 7.20 - 7.35% |
| 10 Year Fixed | 7.20 - 7.35% |
| *Indicative rates only. |
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