In May the Reserve Bank has kept interest rates on hold at 4.35 per cent. It means rates will remain at this level for another six weeks, until the RBA Board’s next meeting in mid-June. In a statement announcing its decision, the RBA Board said while the economic outlook remained uncertain it will “remain vigilant to…
Hats off to Australia’s first home buyers! The latest lending data shows they’re refusing to let last year’s rate hikes and rising property values dampen their goal of buying a home. Here are five tips to help you buy your first home in 2024. You’ve gotta hand it to first home buyers in the current…
Applying for a home loan or any type of finance against property when you’re self-employed may have you jumping through more hoops. But there are ways you can help make it happen! Here are 4 tips to help you apply for a loan like a boss. Being your own boss sure has its advantages: the…
In March the Reserve Bank of Australia has left interest rates on hold for a third consecutive meeting, but when it comes to the outlook, it’s “not ruling anything in or out”. Interest rates are to stay the same with no relief on the horizon for struggling mortgage holders, the Reserve Bank of Australia (RBA)…
It’s a move that was widely expected but nevertheless the Reserve Bank of Australia’s decision to keep interest rates unchanged at its first meeting of 2024, is a relief for struggling home loan borrowers. After 13 increases since May 2022, the Reserve Bank led by Governor Michele Bullock kept the official cash rate at 4.35%…
The Reserve Bank of Australia has gifted households an interest rate reprieve in its last meeting of 2023, providing some much-needed breathing room ahead of the expensive holiday season. But RBA governor Michele Bullock hasn’t ruled out further rate hikes in the new year if inflation fails to track towards the 2-3% target range in…
It may be called the silly season but a few smart strategies could help you enjoy the festive season this year without missing a beat on your home loan. Check out our tips to share the Christmas cheer this year without breaking the bank. Store shelves are starting to be lined with tinsel, ‘Santa stop…
The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points, taking it to 4.35%. So just how much will this year’s Melbourne Cup day rate hike increase your monthly repayments? Some more tough news for mortgage holders around the country today. Despite the official cash rate being on hold…
The Reserve Bank of Australia has held the cash rate steady for the fourth consecutive month, but a recent uptick in inflation has left the door open to another hike before Christmas. Delivering her first interest rate decision as RBA governor since taking over from Philip Lowe last month, Michele Bullock said the board held…
The property market has ignored higher interest rates, with values rising almost 5% since March. But why are national housing prices climbing when interest rates are higher? Australia’s housing market continues to defy the odds and show resilience – even with higher interest rates and higher inflation. Despite interest rates rising 4% in a year…