In Your Interest

Government assistance; changes to interest rates

The Federal Government has announced further economic stimulus to assist business and individuals dealing with the downturn caused by the COVID19 health crisis. The new package is worth $66 Billion. Along with the first round of stimulus, and measures announced by the Reserve Bank last week, the total assistance to the economy so far is worth $189 billion. It is likely there will be further economic stimulus announced soon. Government Package Highlights Small business cash payment: businesses will be given a cash payment of $20,000 up to $100,000 to help keep staff employed during the coronavirus. It's important to note this is a payment delivered by the ATO as a credit on PAYG withholding t

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interest rates

The comparison rate provided is based on a loan amount of $250,000, term of 25 years, principal & interest repayments. It only applies to the examples given. Different amounts and terms will result in different Comparison Rates. 

Owner Occupied 2 year fixed rate

Starting from

2.19

%

p.a

Comparison Rate *

2.39

%

p.a

Investment 2 year fixed

Starting from

%

p.a

2.49

Comparison Rate *

2.74

%

p.a

*

T 0402 684 199

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