Historically in Australia, interest rates charged on investment and owner occupied lending have been the same, but this has recently changed due to regulatory requirements which have forced lenders to increase interest rates on investment loans.
But where there is change, there is also an opportunity. A number of smaller lenders have taken advantage in this space, by offering competitive rates for investment loans, with some banks offering the same rate for investment loans as owner occupied loans in some circumstances.
At a time when rental returns are decreasing, it pays to review your investment loans to make sure you are on the most competitive deal.
For more information on interest rates, feel free to contact one of the friendly representatives at Top Mortgages at any time on 1300 308 225