CBA first to respond to the Reserve Bank of Australia’s cash rate increase
The Commonwealth Bank of Australia (CBA) has advised in light of the Reserve Bank of Australia’s (RBA) cash rate decision on 3 May 2022, CBA will increase home loan variable interest rates by 0.25% p.a. And while the CBA has become the first major bank to pass on the rate rise, all four big banks […]
Regional lifestyle appeal for locations within a three hour drive of the capital cities is high
Data from Commonwealth Bank and the Regional Australia Institute (RAI) has revealed a continued surge in the number of people moving from capital cities to regional centres. According to the June quarter Regional Movers Index released today, there was an 11% rise in the number of people moving from capital cities to regional areas compared with the June […]
Challenging conditions for almost everybody except farmers who spend up big
Asset finance lending on new farm machinery was at a 10-year high in financial year 2021 and an all-time record for CBA While many Australian businesses were significantly impacted by the COVID-19 Pandemic during the financial year ending June 2021, positive conditions in some sectors saw new business lending in asset finance grow at 20% […]
First sustainability linked loan for Agriculture designated for CBA customer
Leading beef producer Stockyard wanted something different from its funding partner and found just that with a loan with reduced interest Stockyard Group is a successful premium Queensland beef producer and thought it was time its lending partner recognised this fact when it applied for extra funding. It ended up with a specially tailored loan […]