ANZ & CBA have both moved immediately following the RBA announcement today to lift their variable home loan rates by 0.25% passing on the full RBA rate rise (but no more).
All other banks are expected to follow with their announcements in the next few days and I expect all banks to lift their rates.

At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.0 per cent, effective 3 March 2010.
Statement by Glenn Stevens, Governor Monetary Policy RBA: “The global economy is growing, and world GDP is expected to rise at close to trend pace in 2010 and 2011. The expansion is [...]

Every one talks “equity” but most don’t really understand what it is and how it can be used. So at a time when property prices have jumped forward by somewhere between 5-20% in the last 12 months, I thought it might be useful to have a look at what “equity” is and how you can [...]

With interest rates on the rise, and further rate rises expected it is not surprising the clients are starting to worry about how they are going to manage. Our financial landscape is changing.
This means that now is a really good time to stop, survey our position and develop a plan of attack with which [...]