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Archives for August 2022

4 things you can do now to prepare for a property purchase

As the saying goes, ‘What goes up, generally comes down.” Given we’ve seen record growth in property prices over the last few years, it’s not inconceivable that we may see a flattening (or evening out) of property prices over the coming year.   1. Start your research now What are you looking for in a property? If it’s a home to live in, where do you want to live? What features are you looking for? What’s your list of non-negotiables? Being able to answer these questions should form … [Read more...]

Why it pays to explore your refinance options sooner rather than later

If all this talk of rising rates has you worried you’re paying too much yourself, it’s time to do something about it… now. If you have never refinanced your loan, or can’t quite remember the last time you did, there’s a very good chance you’re paying a higher interest rate than you should be. Here’s why…. Lenders don’t think you’re paying attention and let’s face it, many homeowners aren’t. As such, lenders have historically offered their lowest rates to new-to-lender borrowers in an … [Read more...]

Interest rates have increased, so why haven’t home loan repayments increased yet?

As we’ve posted about here and here, in response to the RBA increasing the cash rate over consecutive months, lenders have increased their borrowing rates. And as you would be acutely aware, this means interest costs on your home loan have increased, along with a jump in your home loan repayments. But if you’ve been keeping a close eye on your internet banking portal, you may have noticed that your actual repayment amount hasn't changed yet. You can see the interest rate has gone … [Read more...]

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