The RBA has raised the cash rate now for the tenth straight time, taking it to 3.60%. What does that mean to you. Below we’ll explore the impact to monthly repayments, and if there are more rate rises on the horizon? The RBA’s latest move takes the cash rate to its highest level since May 2012.…
Having a spruced-up home feels great. And it can also boost your home’s value. But, as exciting as the prospect of rolling up your sleeves and getting on with a reno can be, there are certainly pitfalls to avoid. New year, new you, new reno? Renovating is exciting. Having aesthetics and function on point can…
Changing jobs may offer more perks – higher income, greater fulfilment, and the opportunity for growth are often things people look for with new employment. But could it impact your mortgage application? The 1st quarter of each year is typically prime time for people considering switching jobs – the Christmas holiday period is in the rear-view mirror…
The Reserve Bank of Australia (RBA) has kicked off 2023 by increasing the cash rate a further 25 basis points to 3.35%. How much will this rate hike increase your mortgage repayments in 2023, and how high is the cash rate expected to go? This is the ninth rate hike by the RBA in as…
Yesterday the RBA increased the cash rate a further 25 basis points to 3.10%, marking the largest rate tightening cycle since the early 2000s at 300 basis points. A cash rate of 3.1% is the highest target adopted in 10 years. The increase follows signalling from the RBA it is committed to tackling the “scourge”…
What’s more important: your new phone or your next home loan? Well, we were stunned to see a recent survey that showed Australians put more effort into researching phone plans than they did their home loan. The fact is the right home loan can potentially save you thousands of dollars in interest so you could…
Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan. Having genuine savings can help show lenders you’ve got what it takes to meet mortgage repayments. With many older Australians having accumulated a decent amount of wealth throughout their years, it’s not uncommon…
Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen, and some can come as a big shock. So today we’ve outlined five surprising reasons to help you avoid home loan heartbreak. There are few words would-be home buyers dread more than:…
Applying for an investment loan is very similar to applying for a job. It’s all in the preparation. Of course, you want to make sure you’ve researched everything imaginable, talked to the right people and ticked all the boxes to get the stamp of approval. But where do you even start? To help you buy…
For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. But a recent analysis shows that meeting mortgage repayments could be cheaper than renting for more than a third of Australian properties. Often the biggest obstacle in the way of home ownership is saving up for a…