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Lender cuts variable rate

By webmaster 08 September 2010 | 1 minute read

AMP has cut 13 basis points from its Basic Variable Home Loan, taking it to 6.64 per cent.

>In addition, the bank has also launched a new Basic Package made up of the Basic Variable Rate Loan with 100 per cent Mortgage Interest Offset Account and a Basic Fixed Rate Loan.

AMP Banking head of sales and marketing Steve Craig said there was an increasing demand for home loans that combined variable and fixed rate loans.

“There are a growing number of customers that want peace of mind against rising interest rates,” he said.

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12 MONTH GROWTH

array(10) { [0]=> object(stdClass)#16891 (4) { ["postcode"]=> string(4) "3885" ["suburb"]=> string(7) "Bruthen" ["median_twelve_month_growth_percent"]=> string(15) "49.327817993795" ["link"]=> string(22) "/data/vic/3885/bruthen" } [1]=> object(stdClass)#16892 (4) { ["postcode"]=> string(4) "2481" ["suburb"]=> string(9) "Byron Bay" ["median_twelve_month_growth_percent"]=> string(2) "48" ["link"]=> string(24) "/data/nsw/2481/byron bay" } [2]=> object(stdClass)#16887 (4) { ["postcode"]=> string(4) "3723" ["suburb"]=> string(8) "Merrijig" ["median_twelve_month_growth_percent"]=> string(14) "47.92899408284" ["link"]=> string(23) "/data/vic/3723/merrijig" } [3]=> object(stdClass)#16871 (4) { ["postcode"]=> string(4) "4350" ["suburb"]=> string(14) "East Toowoomba" ["median_twelve_month_growth_percent"]=> string(15) "47.857142857143" ["link"]=> string(29) "/data/qld/4350/east toowoomba" } [4]=> object(stdClass)#16865 (4) { ["postcode"]=> string(4) "4812" ["suburb"]=> string(11) "Hermit Park" ["median_twelve_month_growth_percent"]=> string(15) "47.826086956522" ["link"]=> string(26) "/data/qld/4812/hermit park" } [5]=> object(stdClass)#16014 (4) { ["postcode"]=> string(4) "4470" ["suburb"]=> string(11) "Charleville" ["median_twelve_month_growth_percent"]=> string(7) "47.8125" ["link"]=> string(26) "/data/qld/4470/charleville" } [6]=> object(stdClass)#16886 (4) { ["postcode"]=> string(4) "6282" ["suburb"]=> string(9) "Yallingup" ["median_twelve_month_growth_percent"]=> string(15) "47.632311977716" ["link"]=> string(23) "/data/wa/6282/yallingup" } [7]=> object(stdClass)#16883 (4) { ["postcode"]=> string(4) "6432" ["suburb"]=> string(13) "South Boulder" ["median_twelve_month_growth_percent"]=> string(15) "47.619047619048" ["link"]=> string(27) "/data/wa/6432/south boulder" } [8]=> object(stdClass)#16911 (4) { ["postcode"]=> string(4) "2257" ["suburb"]=> string(8) "Killcare" ["median_twelve_month_growth_percent"]=> string(9) "47.265625" ["link"]=> string(23) "/data/nsw/2257/killcare" } [9]=> object(stdClass)#16878 (4) { ["postcode"]=> string(4) "5067" ["suburb"]=> string(9) "Kent Town" ["median_twelve_month_growth_percent"]=> string(15) "46.741573033708" ["link"]=> string(23) "/data/sa/5067/kent town" } }

Bruthen

49.33%
Byron Bay

48%
Merrijig

47.93%
East Toowoomba

47.86%
Hermit Park

47.83%
Charleville

47.81%
Yallingup

47.63%
South Boulder

47.62%
Killcare

47.27%
Kent Town

46.74%

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Lender cuts variable rate

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‘Budget needs to target housing choice and affordability in regions’

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