So, you’re thinking about turning your home into a rental property? Maybe you’re moving interstate, upgrading to a bigger place, or simply looking for a new investment opportunity. Whatever your reason, converting your primary residence into a rental can be a smart financial move. But it’s not as simple as slapping a “For Rent” sign…
At the April board meeting the Reserve Bank of Australia (RBA) held the official cash rate at 4.1% after the February rate cut, maintaining that the outlook remains “uncertain”. As widely expected, the Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 4.1%, following February’s long-awaited 25-basis-point cut. Economists at each of the…
At the February board meeting the Reserve Bank of Australia (RBA) provided home loan customers with some relief by lowering the official cash rate by 0.25% to 4.10%. According to the RBA Underlying inflation is moderating The RBA reported that Inflation has fallen substantially since the peak in 2022, as higher interest rates have been…
Saving for your first home is one of life’s most exciting milestones, but it can feel daunting at the outset. With the right strategies, you can make your dream of homeownership a reality sooner than you might think. Whether you’re just starting your journey or looking to accelerate your progress, here are some practical tips…
Investment property depreciation can be a powerful tool for property investors, yet it’s often misunderstood or overlooked. For both potential and existing home loan customers, understanding how depreciation works could mean significant tax savings and improved cash flow. Here’s everything you need to know to make the most of this benefit. What Is Investment Property…
Purchasing a new home while selling your current one can be an exciting but complex journey. One financial tool that can simplify this process is a bridging loan. If you’re exploring your options for making the transition between properties as seamless as possible, this guide is for you. What is a Bridging Loan? A bridging…
Moving house can be an exciting milestone, but it’s often accompanied by stress and a seemingly endless to-do list. Whether you’re a first-time homebuyer or a seasoned property owner, having a clear plan can make all the difference. To help you stay on track, we’ve put together a comprehensive moving house checklist designed to ensure…
As the new year rolls in, it’s the perfect time to reassess your financial health, especially if you’re planning to purchase a home or already have a mortgage. Whether you’re a seasoned homeowner or a first-time buyer, a financial reset can set the tone for a successful and stress-free year ahead. Here’s how to get…
At the December board meeting the Reserve Bank of Australia (RBA) has left the cash rate unchanged at 4.35%. The cash rate has remained at a 12-year high since the most recent hike in November 2023, an elevated level aimed at taming inflation. In its decision, the board admitted while inflation had fallen since its…
On Melbourne Cup Day, 5 November 2024, the Reserve Bank of Australia (RBA) has announced another hold in the cash rate, leaving it at 4.35%. The Melbourne Cup Day monetary policy meeting in 2023 marked the last time the RBA hiked interest rates, going up from 4.1 per cent to 4.35 per cent. The cash…