ANZ finally reduces rates by 0.37 percentage points to a variable rate of 7.05%
The ANZ has announced it will reduce its variable rate by 0.37 percentage points to 7.05%.
Joining other lenders following last week's rate reduction by the Reserve Bank, it hasn't passed on the full rate cut.
The new mortgage rate will be effective from May 18.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.




