Archives for April 2018

Despite offset accounts being around for years, there’s still many home owners who: a) don’t know about them; 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 that – … [Read more...]

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth. Globally, inflation … [Read more...]