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Interest Rate Forecasts 
21-03-2022

Forecasts

CASH RATE ANZ CBA  NAB WBC
Sep-22  2.10 1.85 1.85 1.85
Dec-22  2.35 1.85 1.85 2.35
Mar-23  2.60 2.10 2.10 2.60
Jun-23  n/a 2.10 2.35 2.60
Sep-23  n/a 2.10 2.35 2.60
Dec-23  n/a 1.60 2.60 2.60
Mar-24  n/a n/a 2.60 2.60

Commentary

ANZ "Once in the neutral range, we expect the pace of rate hikes to slow sharply. That they are clearly impacting the property market is a factor in this. The latest ANZ-Property Council Survey shows that the property sector's credit conditions have tightened materially."


CBA "The RBA in recent communication has noted it will be watching consumer demand closely for impacts from both higher interest rates and higher prices. To date consumer spending data as measured by the ABS (up till May) has been resilient, but our high frequency CBA credit & debit card data has shown signs of moderation in June."

NAB "The RBA has hiked rates 50bp at each of the last two meetings and we expect another 50bp rise next month. Meanwhile, global economic headwinds continue to mount. While we still expect a soft landing for the Australian economy, growth is likely to be lower next year – around 2%."

Westpac "We are surprised that the Board’s forecast is for the unemployment rate to hold at 50 year lows in the second half of 2023 despite growth slowing to a below trend 2% and continue to believe that the high leverage in the household sector will start to weigh on the economy as rates move above 150 basis points"

Current Best Rates

Residential  owner occupied variable from  2.74% p.a. CR 2.74% (< 60% lvr)
Residential  owner occupied 3 yr fixed from  4.79% p.a. CR 3.51%
Residential  investment variable from 2.89% p.a CR 2.94%
Residential  investment 3 yr fixed from 5.09% p.a CR 4.18%
Commercial  - under $2M - 3.54%&nbs
Commercial - over $2M - (request a quote).
SMSF - residential variable 3.65%



To see if you qualify or for a more detailed quote based on a specific scenario call me on 0414386772, email jj@comlend.com.au, or use the enquiry form.

Thanks
Jonathan Joyce



 

 





        

           


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