Breaking news - Interest rate update

Breaking news – Interest rate update

The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered some early evidence of an improving housing market following its previous cuts. ... More

Bad-Credit

bad credit? Is it a total barrier to a home loan?

Your finances can get a bit out of control sometimes, for all sorts of reasons. Illness, divorce, redundancy – sometimes, just getting overwhelmed with things to do and accidentally missing a bill payment. The end result can be that you get put in the bad credit basket. Even if you sort it out and pay the overdue bills or fix up a default ... More

Reserve Bank and Debt stress

RBA Cash Rate Remain’s the same…. Again!

The Reserve Bank of Australia decided to once again leave the official cash rate unchanged at 1.5%. That is now two years since the last cash rate move. I'd like to share the recent rate announcement and my thoughts on why the Reserve Bank of Australia has made this decision. With a combination of factors including very low wages growth, ... More

One million households may be in mortgage stress by 2018

One million households may be in mortgage stress by 2018

The quantity of Australian families confronting contract pressure has ascended by about 20% in the previous a half year to hit 900,000, as indicated by new investigation of loaning reimbursements and family unit salary by Digital Finance Analytics (DFA). Or maybe worryingly, this figure is on track to top one million family units by ... More

Your coffee habit could be keeping you in mortgage debt

Your coffee habit could be keeping you in mortgage debt

Your every day espresso propensity could be keeping you bolted into your home loan for any longer than should be expected, as indicated by Nicole Pedersen-McKinnon, fund teacher, reporter, and ASIC represetative. "Your tastes may hurried to cappuccino, which figures from the Skip requesting application propose is most basic in Sydney and ... More

Home loan pressure could intensify in the mining areas

Home loan pressure could intensify in the mining areas

Rising home credit loan costs may push contract pressure assist into hoisted an area in mining locales and different parts of the nation with sickly work markets, contract protection monster Genworth Financial cautioned on Wednesday. As indicated by Genworth, a higher extent of mortgage holders in Queensland and Western Australia have ... More