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Q&A Video: What’s the point of Reviewing your Home Loans?

What benefits can you expect from reviewing your home loans? (In addition to saving money, that is!) Watch our short video to find out. … [Read more...]

Can shopping with Afterpay affect your ability to buy a house?

Afterpay is the largest buy now, pay later scheme in Australia. In fact, Afterpay had more than $1.45 billion pass through its platform in the first three-quarters of last financial year. It boasts more than 1.8 million customers, who mostly use it for online shopping, and 14,000 retailers under its wing. The reason for Afterpay's rapid rise is its interest-free, instant purchase business model. To qualify, all a customer needs is a debit card, enough money for the first instalment … [Read more...]

RBA Interest Rate Decision – August 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 latest inflation data were in line with the Bank's expectations. Over the past year, the CPI increased by 2.1 per cent, and in underlying terms, inflation was close to 2 per cent. The central forecast is for inflation to be higher in 2019 and 2020 than it is currently. In the interim, once-off declines in some … [Read more...]

It is time to switch to a fixed rate home loan?

Anyone thinking about locking into fixed rate loan will generally spend a little time considering the future movement of interest rates. Here we share some tools that can provide some insight into what interest rates are expected to do over the short-medium term.   Cash Rate Futures Yield Curve The Cash Rate Futures Yield Curve shows how the market expects  interest rates (or more specifically the RBA cash rate) to move over the short-medium term.  The curve does not 100% … [Read more...]

Is your home loan rate about to increase?

If you’ve owned a house for a few years, you’re probably familiar with the way things used to be with interest rates. The RBA would meet on the first Tuesday of each month to make a decision about the cash rate. The Board would announce their decision and homeowners would sit with baited breath, waiting to see how the lenders would react. Who would be the first lender to increase their rates this time around? If the cash rate fell, would the lenders pass on the rate cut in full? How … [Read more...]

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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