No rate change the safe bet

By |
More than just economists are predicting no change to the official cash rate when the board of the Reserve Bank of Australia meets later today.

Betting outlets have decreed with almost as much certainty as possible that the rate will remain untouched at 2% with markets having it priced as an almost unbackable favourite.

In fact, the odds of no change are so low the prices being offered are shorter than what punters got when betting on champion race horse Black Caviar's career of 25 wins from as many starts.

CrownBet has no change priced at a $1.03, meaning gambler would receive three cents return on every dollar they put down, a price CrownBet head of marketing Haydn Lane said won’t come around often.

“In betting terms, it’s as close to a certainty as you’re likely to see for some time,” CrownBet’s Haydn Lane said.

“Punters believe the announcement is a foregone conclusion,” Lane said.

Returns are even worse at rival outlet, Sportsbet who have no change priced even shorter at $1.02.

While backing the no change option will require significant outlay to see a worthwhile return, there are other options for the “investor” willing to take a bit more of a risk.

With CrownBet, a decrease of 0.01%-0.25% is paying $8.00, while an increase of 0.01%-0.25% is paying $16.

Rival Sportsbet is offering $11 for a change of between 0.01%-0.25% and $51 for a change of 0.25% or more.
 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : tuart hill , melton , darlington , padbury , reservoir

go back

Get help with your investment property



Do you need help finding the right loan for your investment?


When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus and appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here