Inflation is driving up the cost of living and we’ve had successive interest rate hikes. So why are buying intentions from people on the increase? The great Aussie dream is still alive and what can you do to make it a reality? Despite a flurry of rate rises, new data this month shows homeownership is…
In their August meeting the RBA board kept the official cash rate unchanged at 4.10% for the 2nd month in a row. But why could home loan refinancing to a lower rate now be easier? As interest rates have increased in line with the cash rate hikes over the last year, it has become harder…
At the August 1st meeting the Reserve Bank of Australia (RBA) allowed home owners to breathe easier by pausing the official cash rate for the 2nd month in a row. The Reserve Bank of Australia has just announced a hold to the cash rate at 4.10% for the month of August, the third cash rate pause for…
At the July 4th meeting the Reserve Bank of Australia (RBA) decided to put the official cash rate on hold. So, is the end of this rate hike cycle finally in sight? The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments increased by…
The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. What’s the impact to your monthly repayments and will the increases keep coming? On 6th June the RBA again released another 25 basis point cash rate rise. The reprieve in April now appears false hope for…
On May 2nd the Reserve Bank of Australia (RBA) increased the official cash rate to 3.85%, going against most financial predictions. Is this the peak for home loan variable rates, and what does it mean for your mortgage? In what will undoubtedly be tough news for many households around the country, this latest rate hike…
Rising interest rates have created doom and gloom headlines for mortgage holders. But there is some good news. First Home Buyers are now reaching their 20% deposit goal faster. The 2023 Domain First Home Buyer Report has delivered good news for First Home Buyers. The report shows that first-home buyers aged between 25 to 34 are…
We all know that managing our money is important and that bad debt is well, bad. When applying for a home loan or personal loan there are common spending habits that may raise a red flag to lenders. Smart money management and cutting back on expenses can help your home loan application. That’s no secret.…
Interest rates and the cost of living are rising. This has led to a growing number of Australians struggling to manage their finances. The feeling of financial stress is real, but there are steps you can take to keep your head above water. Even in the best of times, managing your finances is hard. Every…
After 10 straight interest rate hikes the Reserve Bank of Australia (RBA) announced on April 4th that the official cash was put on hold. But for how long? The April decision to keep the official cash rate at 3.60% will be welcomed by homeowners around the country after monthly repayments had increased by about $1000…