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…
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…
You’re not alone if you’re keen to refinance but told you can’t? Many households are currently locked into their home loans due to rising interest rates. But some lenders have recently started to lower their serviceability thresholds. This can now help you potentially refinance. As interest rates have climbed, Australians have refinanced in unprecedented numbers.…
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…