Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

Cash Rate

November 2009 RBA Increase Cash Rate 0.25 Percent

The RBA today announced another 0.25 percent increase to the cash rate.
This 0.25 percent increase is lifting the cash rate to 3.5 percent. A copy of the Reserve Bank of Australia media release is copied at the Finance Broker Australia website.
This graph illistrates the trend of the cash rate in Australia since January 1990 to November-December 2009

Reserve Bank Announces 0.25 Percent Cash Rate Increase

Today at 2.30PM the Reserve Bank of Australia has announced an 0.25 percent increase to the cash rate effective tomorrow the 7th October 2009. Click to Read more..

RBA Cash Rate Down to 3 Percent

Australian Cash Rate 3.00%

The Reserve Bank today announced the cash rate will reduce to 3.00 percent, effective tomorrow the 8th April 2009.

This is the lowest the cash rate has been for 49 years.

At this stage we are only aware of one lender passing on any of the cut whith Commonwealth announcing they will reduce the standard variable interest rate by 0.10 percent.

The below graph shows the history of the cash rate in Australia since 1990. The average cash rate over this time is 7.03 percent. Click to Read more..

2009 Australian Home Loan Interest Rate History Graphs

With many experts forecasting further interest rate cuts the picture should look very attractive to anyone with a home loan, people considering purchasing a home and property investors.

Contact Ability Finance brokers, we will help you choose, apply for and structure your finance to provide a mix of flexibility and competitiveness. Setting your finances up correctly now could help to maximise the opportunities that present in the coming years.

Australian Interest Rates Drop Another 1.00 Percent

Australian Interest Rates Drop Another 1.00 Percent - Date: 3 February 2009

STATEMENT BY GLENN STEVENS, GOVERNOR MONETARY POLICY
At its meeting today, the RBA Board decided to reduce the cash rate by a further 100 basis points, to 3.25 per cent, effective 4 February 2009.
Read More

[Finance Broker News]

Australian Home Loan Interest Rate History

Home Loan Interest Rate History

The average bank variable interest home loan interest rate rate over the past 59 years in Australia is 8.87 percent. (source Reserve Bank of Australia standard variable interest rate home loans, Jan 1959 to Feb 2008)

The same standard variable home loan interest rate was above 9 percent from July 1974 through to August 1993 when the rate dropped to 8.75 percent for 1 year then did not return to below 9 percent again until November 1996.

Current 2008 interest rates don't seem that bad after all when viewed in this light! Click to Read more..

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