The Reserve Bank of Australia (RBA) will keep interest rates on hold in September amid higher unemployment and the Stage 4 lockdown in Victoria. The Reserve Bank of Australia (RBA) has announced the official cash rate for September, amid higher unemployment, stage 4 lockdown in Victoria and a soon-to-be-reduced JobKeeper payment. Despite some economic woes,…
We know it’s been said before, but it has truly been a challenging year, and COVID-19 has brought some unexpected disruptions to income and expenses for many people. While out of adversity often comes opportunity, there may also be short-term challenges to tackle. Our lending specialists are here to support our customers achieve their real…
Refinancing is replacing your existing home loan with a new one over the same property asset. Homeowners decide to refinance their property for a variety of reasons. Whether it’s accessing a better home loan, releasing equity or consolidating debts, refinancing may be a smart way to improve your financial situation. Refinancing is available for both…
Financial independence. If you ask 100 different people you’ll probably get 100 different answers as to what it actually is. For most, it’s the ability to do what they like, when they like. If you love your job, it may simply mean that you continue to work but with a strong safety net behind you.…
If ever there was a need for a case study about property market cycles, the past 18 months would pose as a great demonstration. After a soft start to the 2019 calendar year, the stage was set for a very underwhelming FY2020. Last year, positivity had returned before COVID-19 However, the start of FY20 saw…
Early July data from the Australian Bureau of Statistics (ABS) shows the value of new finance commitments for the purchase of dwellings fell by a record 11.6% over May 2020. This is the largest single monthly drop in the 18 year series. But at the same time, more Australians than ever refinanced their home loan…
The Reserve Bank of Australia (RBA) will keep interest rates on hold in July as experts predict the next interest rate move won’t be for years. The RBA hasn’t moved rates from their record low 0.25 per cent level since March as Australia battles the twin challenges of coronavirus and the economic fallout. A panel…
Like another A Star is Born remake, sometimes it’s good to boot out the old and welcome the new. You’ll experience renewed enthusiasm, big twists and turns, and Bradley Cooper or Lady Gaga – whichever takes your fancy. When it comes to home loans, finding a new one could actually save you serious dollars. If…
Now you’ve got a plan in place, it’s time to stick to it as much as possible. Budgets are often started, put on the shelf and forgotten. Give yourself the best chance of success, print out your budget and stick it to the fridge or somewhere else you’ll see it regularly. Keep yourself accountable, better yet…
Refinancing multiple debts into your home loan can help simplify your finances. If you’re juggling many loans, each with different repayments, fees and interest rates you have a better option to help you get ahead. Sounds like a great idea? Before deciding if this is the right choice for you, it is important to understand…