Yesterday saw non-bank lenders taking their turn with rate increases. HBS, General Finance and Cairns Lockie all raising short-term rates.
HBS increased its floating rate by 25 bps and its six-month and one-year rates rose by 21 and 15 bps respectively.
General Finance and Cairns Lockie have both raised their short-term fixed rates. Their six-month rates have increased by 11 basis points to 6.30%, one-year rates by 25 basis points to 6.65% and two-year rates by 5 basis points to 7.50%. This brings all their rates above the medians for non-bank lenders.
In news, house prices don't look set to rise any time soon, according to the latest ANZ Property Focus.
