Should You Fix Your Home Loan Now?
Rising interest rates have put borrowers on notice this year, after the RBA began hiking the cash rate by 50 basis points a month, following close to 12 years without a single increase. Before this, a lot of people were happy paying variable rates on their mortgage because they were at historic lows, meaning less […]
RBA’s April 2022 decision
The RBA opted to hold the official cash rate at 0.1% at today’s monthly meeting, which came as little surprise as Australia waits for an election to be called. However, the central bank boss again flagged that changing economic conditions could see an interest rate hike in the near future. “Inflation has increased sharply in […]
Settlement & beyond
First time investors often sign on to a loan to purchase a property, without realising they are hampering their future investment opportunities. Later on, they realise they have made fast equity and want to withdraw some for their next investment, but find they can’t because their mortgage broker has signed them onto a deal which […]
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 […]
