The Reserve Bank (RBA) has made the decision in their May meeting to increase its cash interest rates from 0.1% to 0.35%. This means that home loan variable rates are expected to rise.
MyState continues to invest in its distribution network outside of Tasmania with the key appointment of Melanie Kafka as the new Regional Manager for NSW and ACT.
According to recently-released data from the Australian Prudential Regulation Authority (APRA), MyState has one of the fastest-growing mortgage books in Australia for the financial year to date (31 October 2021).