Different home loan types explained

  These days, there is an almost never-ending array of loan products to choose from, and scores of lenders to provide them. And it’s just as well, because more borrowers than ever before are refinancing in order to get a better deal or a structure that suits them better. In fact, the latest data from […]

How to refinance effectively

  A decade of falling or steady interest rates had borrowers nice and comfortable, but the last 10 months have woken everyone up to the need to pay attention to their loans and make sure they’re on the best deals. Lenders have happily passed on each of the RBA’s rate rises, meaning everyone is paying […]

How inflation affects your mortgage

How inflation affects your mortgage

Inflation has been running rampant over the past year and the government and RBA are pulling their hair out trying to get it under control. The most recent inflation rate was recorded at 7.3%, up from the previous rate of 6.1%. It is now at the highest point it has been in Australia since 1990. […]

Get Financially Fit

Get financially fit

If you are looking at investing or buying an owner-occupier home in the new year, you will face the tightest lending conditions in recent memory. Borrowing power has plummeted for average Aussies over the past 9 months as interest rates have gone up and up. Rising inflation has also seen day to day costs soar, […]

How can you save thousands on your home loan

How can you save thousands on your home loan

Eight straight rate rises from the RBA, all passed on by lenders, mean that most Aussie borrowers are now paying hundreds of dollars extra a month on their mortgages. This adds up to thousands of dollars a year and tens of thousands for some people. While people are figuring out where to find all that […]

Updates to First Home Buyers Grants/Schemes

Updates to first home buyers grants/schemes

November will mark 6 months since Labor came to power in the federal election.  Labor’s campaign saw them promise a ‘Help to Buy’ scheme, where the government would co-purchase up to 40% of the cost of a new home, or 30% of an established home. The plan aimed to help middle to low income and […]

RBA Cash Rate Announcement – October 2022

RBA rate announcement - October 2022

The RBA has hiked the cash rate again in October, though this time it took the foot of the throttle slightly and hiked by 25 basis points instead of 50, to now sit at 2.6%. Many analysts had been anticipating the full 50 point rise, especially on the back of the latest inflation figures, so […]

RBA Cash Rate Announcement – September 2022

RBA Cash Rate Announcement - September 2022

Variable rate mortgage holders are in for more pain after the RBA raised the cash rate by another 50 basis points at its September meeting today. The cash rate now sits at 2.35%, which is its highest level since the beginning of 2015. RBA Governor Philip Lowe said that the outlook for global economic growth […]

Should You Fix Your Home Loan Now?

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 […]

Settlement & beyond

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 […]