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RBA Interest Rate Decision – July 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here are Phillip Lowe's comments with respect to the Australian housing market. Inflation is low and is likely to remain so for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens. The central forecast is for CPI inflation to be a bit above 2 per cent in 2018.Nationwide measures of housing … [Read more...]

Why is a lender asking so many questions about my personal situation?

The lender is asking for WHAT…. ? Long gone are the days where you give the lender a Group Certificate, sign a declaration to say you can afford the loan and walk out with half a million dollars. With the amount of documentation you need to provide to a lender these days, you’d be forgiven for thinking there’s a crime investigation happening and you’re the main suspect. Don’t worry too much though. We’re sitting right beside you and will share everything we know to help you walk away … [Read more...]

It’s time to stop hitting the snooze button on your Interest Only loans

Are you someone who delays the inevitable, pressing the snooze button just one more time to get an extra few minutes sleep in the morning? And then once you’re finally up, you’re against the clock to get out the door in time? You’re not the only one. Knowing your Interest Only (I/O) loans are set to expire soon and choosing NOT to review your strategy now, is a bit like hitting the snooze button. Perhaps you already know you should do something about it but like the comfort of making … [Read more...]

RBA Interest Rate Decision – June 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here are Phillip Lowe's comments with respect to the Australian housing market. Inflation is low and is likely to remain so for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens. The central forecast is for CPI inflation to be a bit above 2 per cent in 2018. The Australian dollar … [Read more...]

2017/18 Canberra Property Report – Find it here

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What questions should I ask the Real Estate Agent?

You’ve been house hunting for what seems like months (because, well it HAS been months) and you’ve have finally found “the one.” It has the open plan kitchen you want, the separate living space for you to relax without being surrounded by kids toys and a lovely patch of lawn that you know won’t stay green once you move in. But, it ticks all the boxes and you want to take things further. To ensure you have the best chance of having your offer accepted by the vendor, here are a few questions … [Read more...]

RBA Interest Rate Decision – May 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here are Phillip Lowe's comments with respect to the Australian housing market. The housing markets in Sydney and Melbourne have slowed. Nationwide measures of housing prices are little changed over the past six months, with prices having recorded falls in some areas. In the eastern capital cities, a considerable additional supply of apartments is scheduled to come on stream over the next couple of … [Read more...]

Q&A Video: What can you do NOW to financially prepare for a new addition to your family?

Are there things you could be doing now, to ensure you're financially prepared for a new addition to your family? (Yes!) Watch our short video to find out. … [Read more...]

What is an offset account and is it worth getting one?

Despite offset accounts being around for years, there’s still many home owners who: a) don’t know about offset accounts; or b) have an offset attached to their home loan but aren’t using it properly.   We want to change that! Below we explain what an offset account is and how if differs from a basic home loan. We also explain how to determine whether an offset account loan is something you could benefit from.   Basic loan vs loan with offset A basic loan is exactly … [Read more...]

How can I maximise interest savings with my offset account for minimum effort?

You have an 100% offset account as part of a professional package loan and it’s correctly linked against your owner occupied home loan.* With each monthly statement, you can see you're saving interest but you'd like to see if you can push those interest savings higher. If you want to squeeze every little interest saving benefit from your offset account, here's a few things you can try.   Ensure all household income is paid into your offset account You should have all wages, tax … [Read more...]

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