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Archives for September 2018

Buying a house? Here’s what you need to know about paying your deposit

So you've finally found the property of your dreams and you can't stand the thought of someone else moving in?! We know what that's like - we've been there too! BUT... don't rush to hand over your hard earned deposit, without understanding the timing of things. One of the most common questions we're asked is when and how to make the deposits on a new property. Whilst the process varies slightly from state-to-state and in private sales vs auctions, the following gives a general idea of … [Read more...]

Moving on up: you and interest rates

You would have seen over the last few weeks that lenders have started to raise their variable home loan rates. We spoke it about it here previously, suggesting that a rate rise was imminent. But now that it's happened, what can you do about it?   Find out what your lender is doing Usually when one of the big 4 banks makes a move, the rest will follow. That's because the first bank to move their rates generally gives the others cover. The first lender takes all the heat and the … [Read more...]

RBA Interest Rate Decision – September 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 around 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 administered prices in the September quarter are expected to result in headline inflation in 2018 being a little lower, at 1¾ per cent. Conditions in the … [Read more...]

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