ACM Finance & Wealth

Home
Australia
Sydney, NSW
ACM Finance & Wealth

For all your finance needs, call someone local you can trust.
- home loans
- investment loans
- business loans
- review of your current loans

02/05/2023

The Reserve Bank of Australia (RBA) has increased the cash rate at May’s monetary policy meeting, taking it from 3.60% to 3.85%.

The move comes despite the Australian Bureau of Statistics' quarterly consumer price index showing annual inflation slowed to 7.0% in the first three months of 2023 from 7.8% in the December quarter.

06/12/2022

Australia’s central bank has increased the cash-rate by 25bps for the holiday season, it has been confirmed.

05/07/2022

Interest Rates- Has it been 2 years?
RBA governor Philip Lowe has announced the central bank will increase the cash rate amid rising inflation.The official cash rate has hit 1.35%, increasing by 50 basis points from 0.85%, the Reserve Bank of Australia has announced.
Research has highlighted that if you have been in your current arrangement for 18 months or more, then your loan pricing structure may be out of date and your interest rate higher than what it could be.
A very simple review undertaken will allow us to assess your position and offer options on what you may be able to do to get lower rates, fees and packages which could see strong savings putting more in your pocket or reducing your loan term substantially.

A small amount of your time could see very worthwhile outcomes in your best interests.

07/06/2022

RBA Raises Interest Rates Again

The Reserve Bank of Australia has lifted the official cash rate for the second consecutive month in an effort to tackle high inflation.

At its meeting on Tuesday, the RBA board decided to increase the rate by 50 basis points from 0.35% to 0.85% and the interest rate on exchange settlement balances to 75%.

It is the second time the RBA has lifted the OCR this year. In May, the RBA pushed the rate up by 25 basis points, from 0.1% to 0.35% - the first time the rate had been increased since 2010.

RBA Governor Philip Lowe said inflation in Australia had increased significantly.

“While inflation is lower than in most other advanced economies, it is higher than earlier expected,” Lowe said.

* source Australian Broker

03/05/2022

RBA Lifts Interest Rate
The Reserve Bank of Australia has lifted the official cash rate for the first time in nearly 12 years.

At its meeting on Tuesday, the RBA board decided to increase the rate by 25 basis points from a record low of 0.1% to 0.35% and the interest rate on exchange settlement balances to 25%.

The board judged that now was the right time to begin withdrawing some of the extraordinary monetary support that was put in place to help the Australian economy through the pandemic.

RBA Governor Philip Lowe said the resilience of the Australian economy was particularly evident in the labour market, with the unemployment rate declining over recent months to 4%.

“Both job vacancies and job ads are also at high levels,” he said.
Source- Australian Broker

16/03/2022

Colin’s top mortgage tips
Is Your Home Loan Getting Old and tired?
If you have had your loan for more than 2 years, chances are you could be paying more than you need to! Why line the banks pockets when you should be lining your own?
Let Colin review your position and provide you with some up to date ideas and offers. He’s only a phone call, email or zoom away.

12/07/2021

Time To Review
Economists at the Commonwealth Bank of Australia have forecast that Australia's official cash rate will rise in November 2022, well ahead of the RBA's 2024 timeline.
CBA data crunchers cited strong labour conditions and wage growth to force the Reserve Bank to lift the nation's interest rates from its current historic low of 0.1 per cent.
The revised prediction comes as Australia's property market roars, with cheap credit seeing some areas rise at the fastest month-on-month rate in 33 years.
(source 9 News)

04/05/2021

The Reserve Bank of Australia has made its May call on the official cash rate, with the economy said to be a long way from the conditions needed to precede a rate rise.

02/03/2021

RBA keeps interest rates on hold at historic low 0.10 per cent

The Reserve Bank of Australia (RBA) met this afternoon, with the nation's top economists deciding to hold their hand on adjusting the rate in line with their three-year forecast.

07/07/2020

RBA announces July cash rate

Following its July meeting held this week, the Reserve Bank of Australia (RBA) has kept the official cash rate on hold at 0.25% as was widely expected.

However, despite this being the fourth consecutive month the rate has remained unchanged, lenders of all sizes have been cutting both their fixed and variable offerings in a bid to draw in new home loan customers.

It is time to review your position.

Contact us now.

05/06/2020

Review Restructure Refinance
With Interest Rates on Home Loans from around 2% and Investment Loans from around 2.3%, now is the right time to consider your own position.
Recently we helped a client who is now saving over $500 per month due to better Structuring and Refinancing.
Why Refinance?
The reasons can be numerous and include lower rates, better features, more flexibility, pay your loan off sooner, time to renovate or time to invest.
Talk to us today and together we can review your position.
The savings could be just an email or phone call away.

Address

Castle Hill
Sydney, NSW
2154

Website

http://www.acmfinancewealth.com.au/

Alerts

Be the first to know and let us send you an email when ACM Finance & Wealth posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to ACM Finance & Wealth:

Shortcuts

Want your business to be the top-listed Finance Company in Sydney?