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  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.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.

Interest Rates

Interest rates are the very existence of lending for commercial gain

Best Home Loan Interest Rate

Best Home Loan Interest Rate

Everyone is of course looking for the “best interest rate home loan” but to establish an optimal home loan product in each case there are many questions that need to be answered first. Some of the more important questions that need to be answered are; Click to Read more..

RBA Cash Rate History to January 2009

RBA Cash Rate History to January 2009

The Reserve Bank of Australia, RBA, moved to yet again lower the cash rate following the board meeting today.

The attached graph illustrates the cash rate movement since January 1990 down to today's announced 4.25 percent.

Since the next RBA meeting is not until the 3rd February 2009 the cash rate should remain at 4.25 percent for the next 2 months at least.

The last time the cash rate was this low was between December 2001 and May 2002 when the rate increased 0.25 to 4.50 percent. Click to Read more..

Reserve Bank of Australia Cash Rate History

Reserve Bank of Australia Cash Rate History

The Reserve Bank of Australia board is due to meet again tomorrow the 2nd December 2008 and many are predicting a rate drop of around 0.75 percent.

The announcement will be posted as soon as released over at Finance Broker Australia website.

The attached graph shows the cash interest rate historical trend in Australia since May 1997 through to November 2008. Click to Read more..

Commonwealth Quick to Announce Interest Rate Cut

Commonwealth Bank have moved quickly to announce cuts to their variable interest rates of up to 0.58 percent

Changes to Variable Rate Home Loan / Investment Home Loan Rates as from Monday 10 November 2008

Following today’s announcement from the RBA to reduce the cash rate to 5.25%, interest rates for the following lending products (new and existing borrowings) will change from Monday 10 November 2008.

The rates are for the following products: Click to Read more..

  • Variable Rates Home/Investment Home Loans
  • Standard Variable Rate (including Low Doc) -0.58%

Reserve Bank Australia Announce 0.75 percent cut

Great news today where the RBA has announced another cut to the Australian cash rate.

The Reserve Bank board has announced a cut of 5.25 per cent, effective 5 November 2008.

The full media release is available at the finance broker Australia website.

Interest Rates

Home Loan Interest Rate

History to October 30 2008

The attached graph is factoring in the 1% drop announced by the RBA in the first week of October. A more recent graph of interest rates to January 2009 is available on this page.

Following this announcement most, but not all lenders, dropped their variable interest rates by 0.80 percent. A little later in October one competing bank dropped their rates by another 0.25 percent making them the lowest variable rate. Click to Read more..

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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