Why should I refinance?

Why should I refinance?

It surprises me when I meet a client for the first time and realise that they haven't even opened their home loan statement. What clients can fail to do is check just how much their home loan rate has increased year on year. It is the old place a "frog in hot water" example. What is that you ask? If you place a frog in ... More
New fixed rates from 2.99%

New fixed rates from 2.99%

So... It finally happened. New fixed rates from 2.99% We are now in a market place where we are able to obtain a 3 year fixed rate of 2.99% ! Yes, 2.99% (comparison rate of 3.53%) and this is effective as of the 28 June 2019. There are some conditions like the fact that is needs to be new borrowings of $300,000 or more and ... More
Interest rate update

Interest rate update – Nothing Changed?

It is indeed interest rate update time and guess what? The RBA has decided to leave the official cash rate unchanged at 1.5% for the 28th consecutive time... I would like to share some thoughts on why the Reserve Bank of Australia has made this decision. Following its February meeting, the RBA said the case for the next rate move to be a ... 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
Are we inbound for a rate increase?

Are we inbound for a rate increase?

Australia's banks are about a month from choosing on the off chance that they will provide a rate increase again—basically settling on "benefits versus fame," as per essayist Elizabeth Knight of The Sydney Morning Herald. "For the recent months, the banks' discount cost of acquiring loans has ascended to a level, which, on an annualised ... 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
Applications drop in Q2

Applications drop in Q2

The most noticeably bad hit will probably be the individuals who swam into foamy capital-city lodging markets at the last part of the blast. In its most recent gathering the RBA cautioned that upwards of eight authority rate climbs are en route as the money rate sets out toward another ordinary of 3.5 for every penny, while the Australian ... More
Home Loan Rates to Rise in South Australia

Home Loan Rates to Rise in South Australia

Home loan rates could ascend in South Australia after the state government declared its own particular adaptation of the government's bank demand, which was presented amid the May spending plan. This affirms fears that a "Pandora's container" of potential new expenses on banks would be tossed totally open by Treasurer Scott Morrison's $6.2bn ... More