RBA Announcement November 2021

RBA November

It’s all about the number ‘1’ this month for the RBA, after it left rates on hold yet again at its November meeting. It’s now 1 year since the official cash rate was last changed…and 11 years since the rate was last increased. Meanwhile, there are now more than 200 home loan product rates that […]

The Switch To A Different Loan Product

The Switch to a different loan product

Banks have relied on Aussies paying the ‘lazy tax’ for generations. We think all banks are as bad as each other so there’s no point going through the hassle of switching loans. But if you’ve been with the same bank for a long time, or even more than one year, you’re almost certainly not on […]

First Home Buyers – What’s Available To You?

As A First Home Buyer What’s Available To You?

First home buyer grants, concessions and benefits chop and change, but in recent years, they have mostly been aligned to the construction of new homes. By helping first home buyers (FHB) buy new properties, governments are also stimulating the building industry and incentivizing the supply of extra homes. FHB grants have been around since 2000, […]

What The New APRA Restrictions Mean

What The New APRA Restrictions Mean

This week the Australian Prudential Regulation Authority (APRA) intervened in the property market by tightening some of its rules around borrowing and loan serviceability. APRA wrote to banks and told them they had until the end of this month to increase the rates at which they calculate a borrower’s servicing power from 2.5% to 3%. […]

RBA Announcement October 2021

There were no surprises today as the RBA voted to keep rates on hold at 0.1% at its October meeting. The central bank also decided to maintain the target of 10 basis points for the April 2024 Australian Government Bond and continue purchasing government securities at $4 billion a week until at least February next […]

When Was The Last Time You Had Your Loan Reviewed?

When was the last time you had your loan reviewed?

The lending environment is changing all the time, so it’s important to regularly review your loan or loans and make sure you’re getting the best deal you can. Say you’ve had a loan for the last 2 years for example, chances are that you’ve missed one or more potential interest rate reductions. On top of […]

RBA Announcement September 2021

The RBA left the cash rate on hold at 0.1% at its September meeting, surprising no one.. The central bank has been telling everyone for some time now that it won’t consider a rate rise until at least 2024, even though some analysts are predicting it will hike earlier than this. And it also remains […]

Looking To Climb Up The Property Ladder

Looking to climb up the property ladder

So you want to make the most of low interest rates and rising property markets and build a bigger property portfolio? Unfortunately, those same low interest rates make it much harder to save for a deposit the old fashioned way. But that doesn’t mean you can’t climb up the property ladder. That’s where equity comes […]

RBA Announcement – August 2021

The RBA left the official cash rate on hold at 0.1% today, as rolling lockdowns keep Australia in a state of economic uncertainty. RBA governor Philip Lowe had already reaffirmed his intention not to raise rates until at least 2024, but some analysts thought the move might come earlier. However, the Delta variant of Covid […]

RBA Announcement – July 2021

The first RBA board meeting of the new financial year was one of the most eagerly anticipated in some time. Not because of what might happen with interest rates – which incidentally were left on hold at 0.1% for the eighth consecutive month – but because the RBA was expected to begin winding back parts […]