Client Testimonials

Bob Taber & his staff have looked after our financial needs since 1986. His expertise & diligence have always been greatly appreciated, we are so lucky. Many thanks.

As a widow I am very satisfied and very confident knowing all my financial investments and accountancy affairs are looked after.

 

We are extremely pleased and satisfied with the service we have received. The staff are always friendly & helpful. "A breath of fresh air!!"

Been a client since the 1960's and always been very happy in all Cutcher & Neale have done.

We have a productive, personalised & professional relationship with our contacts at C&N. They go above & beyond to provide service that is excellent (timely, accessible & open). Thank you so much.

Rate hike expected: Is it too late to fix your loan?

The RBA may have left the cash rate at 3% for the last five months but it could rise as soon as October following new figures that the economy grew 0.6 per cent in the last quarter - the second quarter of positive growth this year.

According to Macquarie interest rate strategist Rory Robertson, the October rate-hike bandwagon is "rolling fast" and the RBA is likely to raise the cash rate sooner than the market expected.

The futures market is pricing an increase of 2% in the official cash rate over the next 18 months - although indicating a November rate rise rather than October - with the recent futures market yield curve from RP Data showing it could reach 5.23% by February 2011.

Since the average variable home loan sits at 5.75%, such a hike could mean the interest rates pushing back up to the levels witnessed between November 2006 and July 2007, when rates hit 8.05%. So is now the time to fix? There are still many good deals available in the market, despite the banks raising their fixed rates. Your Mortgage will give you a free report on the where to find the best fixed rate deals.

If the predictions come true, those most affected would be first time buyers in ACT and non first time buyers in New South Wales where the average home loan tops $294,100 and $284,400 respectively - the highest in the country.