PCL Blog

Commercial, Finance, Home loans, Commercial Leasing

The Reserve Bank has kept its hold of interest rates at 1.5 per cent

The RBA has decided to keep interest rates at record low for the 25th consecutive month. It stated that it is not concerned by rising home loan rates. “Some lenders have increased mortgage rates by small amounts, although the average mortgage rate paid is lower than a year ago” The ASX cash rate futures market…
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How Commonwealth Bank got itself into such a mess

The banking royal commission has been full of horror stories. To some extent this is not surprising. Banks undertake millions of transactions per year so it is hardly surprising that there are some shockers in the mix. The Catholic Church and the Returned Services League have provided similar front page news stories over the last…
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Key retail banking product happenings from the past month

Both variable and fixed Home Loan rates are trending down as providers continue to chase owner occupier borrowers. Investor rates have also been easing, even before last week’s announcement by APRA that the investor loan growth limit would be lifted for those lenders that meet its prudential requirements. American Express now has a Credit Card…
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Statement by Philip Lowe, Governor: Monetary Policy Decision

Date1 May 2018 At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities…
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The terms and conditions of a loan may be just as important to certain borrowers as the interest rate.

When looking for home loan that offers the best interest rate, many people will enlist the services of a mortgage broker. However, obtaining a loan with a better interest rate is only one side of the story. The terms and conditions that go with the loan can also be very important. A mortgage broker such…
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Development Finance -Private Money. A better deal than Bank Funding in this scenario

By Llew Leeming, Head of Development & Investment Finance at PCL Money Last week we settled a Private Money Development Finance loan for an old client and friend of mine. We also worked in collaboratively with my Client’s accountant as part of a collegial ‘value chain’. The Value Chain is an enduring legacy from my…
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PCL Money has the experience to put together finance deals that are considered ‘too hard’ by other lenders

PCL Money was contacted by an elderly couple who owned a 3rd generation farm. They had gotten into trouble with a bank and fallen behind due to expansion plans and bad weather (too much rain). For three long years they fought attempting to hold on to the property. If the property had been sold at…
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Why are things slowing down?

There has been a slowdown in the buying of family homes and investment in commercial and residential property in Australia. The level of new businesses has decreased. This is because we have an increased level of uncertainty in the Australian economy at the moment. People traditionally are less inclined to invest if there are perceived…
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Justin Bailey joins PCL group and Illawarra Home Loans

PCL group this week welcomed Justin Bailey on board as its new associate director of Illawarra Home Loans. The group has operated many years in the Illawarra with director Martin Anstee at the helm. Mr Anstee said Mr Bailey has worked in the local market for a number of years and his arrival will further…
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Should you get a variable or fixed rate home loan?

When you take out a home loan, you normally choose between a fixed interest rate or variable interest rate. With a fixed interest rate home loan your interest rate is locked in for a certain period. For example it could be over 5 years. This means that your loan repayments will remain the same over…
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