RBA’s First Meeting of 2022
The RBA board voted to leave the official cash rate on hold today, at its first meeting for the year. The decision failed to surprise experts, though a growing number of economists are firming in the belief that the central bank will be forced to hike rates at least once this year; well earlier than […]
The Lending Year That Was In 2021
The lending year that was in 2021 2021 was another crazy year in every sense of the word. Of course there was the pandemic, which put a stamp on us all for the second year running, with the Delta variant first becoming the dominant strain of Covid, followed by Omicron at the end of the […]
Buying Properties In 2022 – Get Organised
Here we are at the pointy end of the year already. And 2021 was a crazy one. Just as people spent the year going in and out of lockdowns, worrying about vaccines and facing financial uncertainty, property markets boomed all around the country. If you were looking to buy, the year may have gotten away […]
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 […]
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 […]
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 […]
Who Can Borrow?
There are a number of different borrower types that banks will lend money to for property investment in Australia. This article looks at what you need to know if you want to take a loan as: an individual, a joint venture, a trust and a self-managed superannuation fund (SMSF). I’m an individual Borrowing as an […]
Introduction To The Family Home Guarantee
The year has been a tough one so far for first home buyers trying to get into the property market, with asking prices headed for double digit growth in multiple capital city and regional markets around Australia according to Propertyology. If you are a single income loan applicant, it has been even tougher, so imagine […]
RBA Cash Rate Announcement – June 2021
The RBA made it seven straight months with no cash rate movements today, leaving the official rate on hold at 0.1% during its June meeting. The decision was never in real doubt, with no recognised finance analysts predicting a rise or fall. The RBA board has decided to keep in place its current policy settings, […]
How Mortgage Brokers Can Screw You Over
If you want to build a property portfolio to get you where you need to be, you need to make sure everyone you are relying on is on the same page as you. Your accountant, legal team, buyer’s agent and, most importantly when it comes to loans, your mortgage broker. Your average mortgage brokers out […]
