Read The Times Australia

Daily Bulletin

Mortgage brokers tip interest rate cut by end of 2016

  • Written by: Justin Kelly Director Media & Capital Partners
HashChing founders (L to R) Atul Narang and Mandeep Sodhi
HashChing founders (L to R) Atul Narang and Mandeep Sodhi



5 SEPT 2016
:  An exclusive survey of some of Australia’s leading mortgage brokers has found almost half of them are tipping a cut in official interest rates by the end of the year.

 

HashChing – Australia’s only mortgage marketplace – sought the views of over 100 brokers on the direction of interest rates in 2016.

 

100 per cent of brokers surveyed believe the Reserve Bank will keep rates on hold when the Board meets tomorrow.

 

When asked what would happen to rates by the end of the year, 47 per cent responded that they believed rates would decrease by the end of 2016, while 53 per cent believed that rates would remain on hold.

 

Some broker commentary included:

 

“The economy is struggling. Unemployment is too high and the Government’s slim working majority will harm business confidence.”

 

“Subdued economic conditions will lead to an environment of reduced rates.”

 

“Rates are likely to fall in November – especially if the earlier rate cut does not have the desired impact on the economy.”

 

“The economy is stalling – and compared to the rest of the world – our cash rate is still relatively high.”

 

HashChing is an online gateway for pre-negotiated home loan deals. HashChing does business with all lenders across banks and non-banks and has access to home loan deals well below the publicly advertised rates of lenders.

 

Since launch there have been more than one and a half billion dollars’ worth of home loan applications submitted and more than three thousand customers have enquired about new loans or refinancing options.


About HashChing: HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely free to consumers, HashChing connects customers directly with verified mortgage brokers who further negotiate better rates from lenders, saving valuable time and money. Consumers can ask any home loan related question on HashChing and only verified financial experts will respond to the questions allowing people to make smart and informed financial decisions.

Business News

How Businesses Can Prepare for Unexpected Power Outages

Power failures can occur quickly. The supply may be interrupted by bad weather, issues with the electricity network, damaged equipment or local construction work. This can be just a hassle for a fam...

Daily Bulletin - avatar Daily Bulletin

How Chatswood Tutoring Can Fit Into a Student’s Weekly Routine

Create a Predictable Weekly Structure A consistent weekly routine can make study easier to manage when students are balancing several subjects. Chatswood tutoring can provide a fixed learning point a...

Daily Bulletin - avatar Daily Bulletin

The Rise of Digital Marketplaces in the Australian Trade Sector

For decades, the Australian trade and construction sector operated almost entirely on word-of-mouth recommendations and local community networks. Small business owners typically relied on local newspa...

Daily Bulletin - avatar Daily Bulletin

How Immigration Lawyers Can Help

Introduction Visa decisions can shape employment, family life, study plans, travel, and future residence. A small omission can lead to delay, added expense, or refusal. Immigration lawyers assess l...

Daily Bulletin - avatar Daily Bulletin

How Industrial Drying Equipment Supports Efficient Processing

Many industrial processes require moisture to be removed from compressed air, products or process materials before they move to the next stage. Excess moisture can affect equipment performance, produc...

Daily Bulletin - avatar Daily Bulletin

Practical Ways a Whiteboard Can Improve Workplace Communication

Effective communication helps teams stay organised, share ideas and keep track of important information. While digital tools are now common in many workplaces, a whiteboard continues to provide a simp...

Daily Bulletin - avatar Daily Bulletin

Designing Eco-Friendly Custom Water Bottles for Your Next Event

The Evolution of Sustainable Event Merchandise Event planning has undergone a massive transformation over the last decade. Gone are the days when organizers could hand out cheap, single use plastic...

Daily Bulletin - avatar Daily Bulletin

Why Choosing a Professional Florist Melbourne Makes Flower Delivery Impactful

Flowers have a great power to speak when humans cannot express their feelings with right words. Flowers are the best gifts when you are celebrating a birthday or welcoming a newborn child into your fa...

Daily Bulletin - avatar Daily Bulletin

The Business Case for Choosing Australian Fabricators Over Imported Alternatives

For a long time, you might have defaulted to overseas suppliers when sourcing fabricated metal components for a project. The unit price was lower on paper, and the maths seemed straightforward. That...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

How Registering a Company in Singapore Can Support Business Growth

Choosing where to register a business can influence how easily it grows, attracts customers, and e...

What Business Owners Should Know About Company Registration in Hong Kong

Hong Kong is a popular location for entrepreneurs looking to establish businesses with internation...

What Entrepreneurs Should Know About the Benefits of Registering a Company in Australia

Starting a business involves more than finding customers and offering a good product or service.  ...

From Free-to-Air to Netflix: Where Australian Brands Are Spending Their TV Dollars Now

Not long ago, an ad break meant one thing in Australian homes: free-to-air television. Today it mi...

Why South Australia Leads the Country on Home Batteries

South Australia has long punched above its weight in renewable energy. The state has one of the hi...

Diagnosing Common Pool Problems in an Australian Summer

An Australian summer puts backyard pools under serious pressure. High temperatures, intense UV, he...

Fast refunds emerge as a competitive advantage for Australian retailers

How quickly a retailer gives customers their money back could help determine whether those customers...

How to Choose Removalists in Melbourne for a Smoother Move

Finding suitable removalists in Melbourne is easier when the decision is based on the actual require...

Market growth, trends and opportunities in Australian sports nutrition manufacturing

Protein powder used to belong to bodybuilding culture. These days a tub is as likely to sit on a s...