What is the fixed rate cliff and what you can do to prepare?
A common recurring nightmare for people to have is that they are falling. It’s one of those things that a great portion of the world’s population finds terrifying. So what better way to portray a potential economic disaster than by calling it a fixed-rate mortgage cliff? The image conjured up is of borrower after borrower […]
RBA May 2022 rate decision
The RBA has finally pulled the trigger and put an end to all the noise around whether it wait until after the Federal election before hiking interest rates. The central bank announced a rise of 0.25%, larger than what many anticipated, which means the official rate now sits at 0.35%. Despite telling the media for […]
Apra’s demand for mortgages
As property markets soared and so did debt levels last year, it was the Australian Prudential Regulation Authority (APRA)- rather than the RBA- that stepped in with regulatory measures aimed at cooling the market and removing some of the risk exposure that had been taken on by households that may have been over leveraged. APRA […]
Is Now A Good Time To Buy A Property?
If you’re thinking about setting out on a property investment journey, you’ll probably want to know whether the time is right. What’s the market doing? What about the economy? Is it the right time to take the plunge or should I wait until the whole COVID thing has settled down and conditions are more favourable? […]
Improve Your Serviceability
If you are considering applying for a home loan in today’s market, you should expect to find lenders more cautious than ever when assessing your serviceability. Your serviceability is the bank’s assessment of your capacity…
