So what’s been happening with interest rates? In the last year banks have moved towards two different standard variable rates which they base all of their consumer interest rates off (one for owner occupiers and a higher one for investors). This has been in response to pressures from APRA (banks’ regulator) to have the banks slow down investment lending (which … Read More
RBA leaves rate at 1.5
Today’s Reserve Bank of Australia Board meeting saw the cash rate remain at the historical low of 1.5%. With much conjecture about whether this is a good or bad thing for Australia’s economy and home ownership across the generations, and on the first day of a new financial year, it’s the perfect time to talk to your finance advisor about … Read More
RBA leaves rate unchanged
Today’s Reserve Bank board meeting has left the cash rate unchanged at 1.5 per cent. While it’s news we have all grown used to, it’s worth noting that this month’s RBA decision comes just one week before the Federal Budget is announced, which is expected to be packed with initiatives to assist first home buyers secure their first home. So, … Read More
Rates unchanged for December
At today’s board meeting, the Reserve Bank again decided to leave the cash rate unchanged at the all-time low rate of 1.5%. The call comes as little surprise, despite some of the big lenders bumping up fixed term mortgage rates earlier in the week. How does it affect you? And can we expect more rate changes in 2017? Give us a … Read More
Rate remains at 1.5%
The Reserve Bank of Australia has today decided to leave the cash rate unchanged at the all-time low of 1.50% Find out what this means for you and your home loan. Is it time to refinance? Or are you already in a good position? Call us today on (02) 8354 3014 for a free financial health check! We look forward to … Read More
Why you should look at refinancing right now
Most people would rather eat hair than take on the legwork of refinancing… but right now it could be a very good idea. Especially, when your broker will do all the legwork for you. Competition between banks is at an all-time high, which means they’re more willing now than ever to offer you a better deal. With interest rates at … Read More
Rate stable at 1.5%
The Reserve Bank of Australia has again decided to leave the cash rate unchanged at the historical low of 1.5 per cent. Today’s move has come as no surprise to economists, but it does beg the question: Should you refinance? If you’ve been with your home loan lender for a few years, you can probably find a better deal which … Read More
Investors delight: Rates on hold
At today’s board meeting the Reserve Bank decided to leave the cash rate unchanged at the all-time low rate of 1.5%. It comes as something of a relief after the rate hit an historic low last month. Have you thought about whether you’re getting the best deal on your loan products? Give us a call today if you’re wondering and … Read More
Half of all Aussie homeowners have never refinanced. Here’s why they should.
A recent survey of Australian mortgage-holders found 45 per cent had never refinanced their home. The report, released in April this year by the Australian Mortgage Council, also found customers who did refinance saved an average of $240 per month ($2,880 per year) by refinancing a 30-year loan. So, what would you do with an extra $240 each month? … Read More
Historical rate drop makes perfect time to refinance
At today’s board meeting the Reserve Bank announced an even further drop in the cash rate to a historical low of just 1.5%. Despite the fact that many banks have not (yet) passed on the reduction to lenders, it remains a perfect time to refinance your home loan and take advantage of low interest loans. The RBA cash rate and … Read More