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…
There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. You don’t have to wait until you’ve found a home you’d like to buy before making mortgage…
Aussie homeowners can breathe a sigh of relief after the Reserve Bank of Australia (RBA) held the cash rate at 4.10% at its September meeting. Aussie homeowners can breathe a sigh of relief after the Reserve Bank held the cash rate at 4.10% at its September meeting today. It is the third successive hold from…
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…