ASIC has warned about an investor-fueled property bubble in Sydney and Melbourne just days after the RBNZ announced new investor lending restrictions in Auckland
The Reserve Bank is unlikely to cut interest rates further according to a major bank, but rates could start rising as soon as next year
Three non-banks and a non-major have joined the recent flood of rate cuts
As low interest rates entice businesses to invest in growth by increasing borrowing, brokers need to be prepared
A non-bank lender has cut its near prime and specialist rates by 0.65%.
Lenders have responded to the Reserve Bank’s decision to cut the official cash rate by 25 basis points to 2% yesterday by announcing cuts to their borrowing rates