Boat Loans Australia :: News
SHARE

Share this news item!

RBA lifts official interest rate

RBA lifts official interest rate

RBA lifts official interest rate?w=400

âš  The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Reserve Bank of Australia lifted the official cash rate by 25 basis points at its meeting Today.

The RBA board decided to increase the rate from a record low of 0.1%, to 0.35% and the interest rate on exchange settlement balances was lifted 25 percent to 0.25%.

The board judged that now was the right time to begin withdrawing some of the extraordinary monetary support provided to help the Australian economy through the pandemic.

The resilience of the Australian economy is particularly evident in the labour market, with unemployment declining over recent months to 4%, according to RBA Governor Philip Lowe.

“Both job vacancies and job ads are also at high levels,” he said.

“The central forecast is for the unemployment rate to decline to around 3.5% by early 2023.”

Lowe went on to say that inflation was significantly higher than expected a year ago, although it remained lower than in most other advanced economies.

Published:Tuesday, 3rd May 2022
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Marinas26 Conference to Explore AI and Superyacht Strategies
Marinas26 Conference to Explore AI and Superyacht Strategies
06 Mar 2026: Paige Estritori
The Marina Industries Association (MIA) has unveiled the comprehensive program for Marinas26, its premier biennial conference and trade exhibition, scheduled for 24-27 May 2026 at the RACV Royal Pines Resort on Queensland’s Gold Coast. This year’s theme, 'Future Smart,' aims to delve into the transformative trends and technologies poised to redefine the marina and boatyard sectors across the Asia-Pacific region and beyond. - read more
Australian Marine Industry's Economic Output Hits $229 Billion
Australian Marine Industry's Economic Output Hits $229 Billion
06 Mar 2026: Paige Estritori
The Australian marine industry has reached a remarkable economic milestone, with its output soaring to $229 billion in 2023. This 19% increase from previous years underscores the sector's robust growth and its pivotal role in the national economy. - read more
BIA Advocates for Government Support in Marine Manufacturing
BIA Advocates for Government Support in Marine Manufacturing
06 Mar 2026: Paige Estritori
The Boating Industry Association Ltd (BIA) is calling on all levels of Australian government to provide strategic support to the nation's marine manufacturing and recreational boating sector. This appeal comes in response to a significant skills shortage that threatens the industry's substantial economic contributions. - read more
Austal's $100 Million Boost for U.S. Shipyard Expansion
Austal's $100 Million Boost for U.S. Shipyard Expansion
26 Feb 2026: Paige Estritori
Austal Limited, a prominent Australian shipbuilder, has secured a substantial $100 million loan from Export Finance Australia (EFA) to bolster its shipbuilding operations in Mobile, Alabama. This strategic investment aims to enhance the construction of vessels for the U.S. Navy and Coast Guard, reinforcing Austal's position in the global maritime industry. - read more
BIA and AFTA Collaborate to Boost Australia's Boating and Fishing Sectors
BIA and AFTA Collaborate to Boost Australia's Boating and Fishing Sectors
26 Feb 2026: Paige Estritori
In a significant move for Australia's outdoor recreation sector, the Boating Industry Association (BIA) and the Australian Fishing Trade Association (AFTA) have formalized an agreement to collaborate more closely. This partnership is designed to benefit their combined membership base and bolster support for boat-based fishing across the nation. - read more
Marinex Underwriting Sets Sail in Australian Marine Insurance Market
Marinex Underwriting Sets Sail in Australian Marine Insurance Market
26 Feb 2026: Paige Estritori
The Australian marine insurance landscape has welcomed a new entrant with the launch of Marinex Underwriting. This agency, backed by global specialty insurance distributor Amwins, is the third venture incubated by the Rhodian Group, a company dedicated to developing specialized underwriting agencies in Australia. - read more
Time to Refinance?
Image for Time to Refinance?If you are seeking lower rates, lower fees and more flexibility in your home loan. you are in luck! Our national panel of mortgage brokers is looking forward to an opportunity to assist you. Apply online for a free eligibility assessment and one of our broker network refinance specialists will get on the case to track down the best deal for your individual circumstances. Without any obligation and at no charge to you!


Boat Loans Articles

Exploring Australia’s Stunning Coastline: The Joys of Boats and Jet Skis During Holidays
Exploring Australia’s Stunning Coastline: The Joys of Boats and Jet Skis During Holidays
Australia is home to some of the most breathtaking coastlines in the world. Stretching over 25,000 kilometers, Australia's diverse coastal landscape offers something for everyone, from serene beaches to rugged cliffs and vibrant coral reefs. This vast and beautiful coastline is a treasure waiting to be explored, making it a perfect destination for holidaymakers looking to experience the magic of the sea. - read more
Setting Sail: Top 10 Boating Spots in Australia
Setting Sail: Top 10 Boating Spots in Australia
Australia is a boater’s dream, offering an extraordinary array of aquatic landscapes that beckon adventurers to set sail and explore. From the gentle lap of waves in sheltered coves to the expanse of the open ocean, the joy of boating down under is unmatched. Whether you're a seasoned sailor or new to the world of nautical navigation, Australia’s waters promise spectacular views and unforgettable experiences. - read more
Tips for Getting Approved for a Boat Loan with Bad Credit
Tips for Getting Approved for a Boat Loan with Bad Credit
Having bad credit may make it seem challenging to secure a boat loan, as it can negatively impact your creditworthiness in the eyes of lenders. However, it's not impossible to get approved for a boat loan even with bad credit. - read more
What Australian Boat Buyers Need to Know About Financing Rates
What Australian Boat Buyers Need to Know About Financing Rates
When considering purchasing a boat, one of the most critical factors to take into account is the financing rate. Understanding how interest rates work can make a significant difference in the total cost of the boat over the lifespan of the loan. Knowing the ins and outs of boat loan interest rates can save you from unexpected expenses and financial stress down the line. - read more
How to Get the Most Value for Your Money When Buying a Fishing Boat
How to Get the Most Value for Your Money When Buying a Fishing Boat
Investing in a fishing boat can be an exciting and rewarding experience, but it's important to make sure you're getting the most value for your money. There are several key factors to consider when buying a fishing boat, including your specific needs, budget, and financing options. It's also important to research boat brands and negotiate the sale to ensure you're getting a fair price. - read more
Mistakes to Avoid When Applying for Boat Financing in Australia
Mistakes to Avoid When Applying for Boat Financing in Australia
When it comes to purchasing a boat, financing plays a vital role for many individuals in Australia. However, applying for boat financing can be a complex process, and making mistakes along the way can lead to significant financial consequences and missed opportunities. - read more


Start Here

START HERE.

Loan Amount:

Postcode:

All quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Quotes are offered free & without obligation. We respect your privacy.

Knowledgebase
Gross Domestic Product (GDP):
The total value of all goods and services produced within a country’s borders in a specific time period.


Quick Links: | Boat Loans Australia | Marine Finance | Boat Financing Options | Boat Loan Rates | Boat Loan Calculator | Secured Boat Loans | Unsecured Boat Loans | Boat Loan Repayment Terms | Boat Loan Eligibility | Boat Loan Application Process | Boat Loan Interest Rates