A bank spokesman said: "The official cash interest rate of the Reserve Bank of Australia reached 17.5% at the peak, so the current cash interest rate is the lowest since the current standard fiscal policy pricing method was issued in 1990."
CommBank should lower the current interest rate of its five-year flat-rate housing loan by 0.8% to reduce its price to 4. 19%. For customers with housing needs, the existing two-year loan interest rate is adjusted to 3.33%. If you buy with other brands (such as new accounts and savings cards), the interest rate can be as low as 3. 18%.
ANZ's relief needs to be more generous: for housing customers, the mortgage interest rate has dropped by 0.96%, but for investors, it has dropped by 0.85%. At present, the highest interest rates of the two financial institutions are 3. 18% (two-year preferential price) and 4.46% (five-year comparison).
SteveMickenbecker, an authoritative expert in financial analysis of Canstar, a Brisbane-based economic research company, said that CommBank and ANZ's competition for the central bank to cut interest rates proved how fierce the competition in the lending industry is now; In the internal structure of the market, everyone is betting that the Reserve Bank of Australia will lower the interest rate to 0.75% at 1 1, and some economists may even lower the interest rate to 0.5% at the beginning of this year.
According to the interpretation of the price comparison website, taking the interest mortgage of 654.38+00,000 as an example, the interest rate will be 3.89% after 25 basis points, which can be reduced by more than 654.38+0.730 Australian dollars a year. After raising interest rates by 50 basis points twice, the same customers can save nearly 3500 Australian dollars every year.
As far as interest and repayment are concerned, ANZ among the four major banks has revealed that all central banks will cut interest rates by 25 basis points, Westpac said that it will cut interest rates by 20 basis points, and Commonwealth Bank of Australia and National Bank also said that they will cut interest rates by 19 basis points.
In essence, the interest rate of Australian borrowing has fallen to the bottom at this stage. These days are a good choice if you are going to start Australian real estate with an early loan. The decline in loan interest rate means that the repayment pressure of borrowers will be reduced, and for investors, the cost of buying a house can also be reduced. If you want to know more about Australian loan to buy a house, you can consult their online customer service, and we will bring you personalized service with professional attitude and consultants.
How to collect the tax on vacant houses? 1. Statistical analysis of vacant houses in European countries shows that the total number of houses is a real score, and the overall vacancy rate is calculated with all vacant houses as the molecular structure. It is estimated that the vacancy rate of some metropolises in China is at the high end of the reasonable range of vacant houses: some real estate developers have increased the number of vacant houses, which has exceeded 30% of the reasonable inventory of new projects and entered the vacant risk section; Some middle-and high-income people buy several houses with unnecessary assets, and there are many vacant rooms if they don't rent them out.
2. The vacancy rate caused by the above two factors in some metropolises has approached or exceeded the international warning line of 10%. The overall vacancy rate of Shanghai real estate is around 20% ~ 30%, and the vacancy rate of houses in some areas of Shanghai reaches 50%. Since 2004, the average vacancy rate of ordinary houses in Beijing residential quarters has been 27. 16%.
What is the preparation process of the real estate industry? 1. Pre-investigation: In the early stage of real estate project development and design, we should consider our own natural conditions and market rules, do a good job in pre-investigation and discuss its feasibility analysis. Project feasibility plays an important role in the success or failure of a construction project, but few real estate companies are willing to spend this capital.
2. Design stage: To reduce the cost of construction projects, we must first control the design stage. Integrate the importance of total project cost management into the design stage. Preventing problems before they happen can get twice the result with half the effort. Therefore, the construction unit should take the design stage which has great influence on the construction and installation cost as an important link.
3. The key to cost management in the construction stage of the project is to make a good order for the processing of materials and equipment. Cost budget personnel should generally grasp the market situation of decorative building materials. Do a good job in guiding the price of raw materials in strict accordance with relevant regulations and effectively manipulate the price difference level. The raw materials purchased by the construction enterprises themselves belong to the regional scope of the index price, and only supervise the quality and do not interfere with the ordering.
4. Project settlement: in strict accordance with the requirements of the contract and related agreements, reasonably determine various expenses such as technical measures, early awards and prizes, and conscientiously implement the liquidation review rules and regulations and the countersigning rules and regulations for the final payment of the project to ensure the quality of liquidation.