The Reserve Bank of Australia (RBA) today moved the official cash rate for the second month in a row from 0.35% to 0.85%. Last month the bank increased the cash rate from the historic low of 0.1%, where it had been since November 2020. Since last month’s cash rate increase, 97% of lenders in Loan …
RBA increases cash rate again – what does this mean for homeowners? Read More »
Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much further thought to it. However, this set-and-forget mentality could actually cost you thousands in interest repayments. How? Because interest rates are constantly changing and many …
When is a good time to refinance your home loan? Read More »
The Reserve Bank of Australia (RBA) has continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our data, all lenders in our panel increased variable interest rates on home loans in line with the cash rate increase last month. This means …
Cash rate continues upward trend – what can you do if your repayments are too high? Read More »
Data just released shows a large number of Australian home owners are facing a significant increase to interest rates when their fixed-rate term ends. Investment bank Morgan Stanley estimated that the big four banks have originated more than $550 billion of fixed-rate loans since the 2018-19 financial year, and that about $400 billion of these …
Whether you are just beginning your property-purchase journey, or adding to your portfolio, a common stressor is determining how much to offer and how to put your best foot forward when there is competition. As we arguably enter a slightly better buyers’ market than the start of the year (house price growth as a national …
The cash rate has been increased by the Reserve Bank of Australia (RBA) for the fourth month in a row from 1.35% to 1.85%. Since the RBA’s first increase of the cash rate from its record low of 0.1% in May, we have seen interest rates for both variable and fixed home loans increase across …
As the cash rate climbs, should you fix your home loan? Read More »
Getting pre-approval for your home loan can give you an understanding of your borrowing power and confidence your lender is satisfied with your preliminary application. It means it is time to get out there to find your home. To help you on your way, here is a quick overview of what your pre-approval means. The …
Rate rises are now coming in quickly with the cash rate having risen from 0.1% in April to 1.85% in August. Interest rates are now the highest they have been since 2016. And while these increases are not unexpected, with debt levels at record highs, there is no doubt many of us are wondering when …
The Reserve Bank of Australia (RBA) has announced another hike to the cash rate in September from 1.85% to 2.35%. This takes the total increase in the cash rate this year 2.25 percentage points, up from a record-low of 0.1% in May. With this increase, we have seen interest rates for home loans increase across …
Repricing vs refinancing: could you save money in a rising-rate environment? Read More »
If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive for the property is higher or lower than the overall amount you pay to own it. These can have implications for the investor, not only …
