At its board meeting this week, the Reserve Bank of Australia announced it will hold the cash rate at 4.35%. This follows an increase in annual inflation with data last week showing an increase to 3.8% over the year to June. The inflation data shows he first increase since the December 2022 quarter, with many…
Building wealth is a goal most people aspire to. Contrary to common belief, the secret to building wealth isn’t having an enormous salary; rather, it can revolve around three core principles: saving, investing and reinvesting. Understanding some of the fundamentals can set you on the path to financial freedom. The fundamental principles of wealth-building Building wealth,…
With everything getting more expensive, it’s no surprise that many of us are looking for ways to keep a little more cash in our pockets. You may think a home loan refinance is too hard – but these days it’s not really – with the help of a lending specialist. Over the past year, spending…
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…
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…