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Latest Articles

COVID19 support measures offered by the lenders

This is one article we hope you never have to read. But if COVID-19 has impacted your income to the point where you may need to pause your mortgage repayments, then we’ve broken down the banks’ deferral policies for you.

COVID-19 cash rate cut: Lenders respond

Following the RBA’s rate cut 19 March 2020, here’s a summary of the lending cuts announced so far. Please note that as of 8pm, 23 March 2020, many lenders are yet to advise what effect this second rate cut will have on lending rates. We’ll be updating this post as more news come to hand. [ Read More ]

COVID-19 cash rate cut

The Reserve Bank of Australia (RBA) has cut the cash rate to a record low of 0.25% following an emergency meeting due to the impact the coronavirus is having on the economy. RBA Governor Philip Lowe said that the rate cut was due to the virus causing “major disruptions to economic activity across the world”. “This [ Read More ]

How have the lenders responded to the RBA March 20 cash rate cut?

Following the RBA’s cash rate cut in March, here’s a summary of the lending cuts as of 4:00pm AEST 4 March, 2020.   CBA rate changes (effective 24 March): – Rate cut: 25 basis points – Applies to: All variable rate loans (new, existing, owner-occupied & investor) BankWest rate changes (effective 18 March): – Rate [ Read More ]

RBA Interest Rate Decision – 3 March 2020

Well, what a difference a few days makes! As of last week, market expectation of the RBA announcing a rate cut at their Board Meeting today was quite low – as we outlined here. However, this all changed yesterday due to increasing concerns of COVID-19 impacting financial markets even further.   At its meeting today, [ Read More ]

First Home Buyer Concessions you should be aware of

If you’re a soon-to-be first home buyer, you’ve no doubt heard about the First Home Loan Deposit Scheme (FHLDS) and how it can help buyers get into the market. We’ve assisted some of our clients with the FHLDS already, but since it’s only available to 10,000 buyers across Australia, there are other borrowing options available to you [ Read More ]

Fixed Rate home loans – February 2020

With some attractive fixed rates available at the moment, it’s likely you’ve thought about fixing in some (or all) of your existing variable rate loan. Which then raises questions like, “But what are variable rates likely to do over the short-medium term?” Let’s take a look at that question a little closer. Please note analysis and [ Read More ]

Are you paying a “loyalty” tax?

Once upon a time, loyalty as a borrower was something you may have be rewarded for. But the Reserve Bank of Australia (RBA) confirms what we’ve known for a long time… Borrowers with older mortgages will typically pay a higher interest rate than those with new loans. 

RBA Interest Rate Decision – 4 February 2020

  At its meeting today, the RBA Board decided to leave the cash rate unchanged at 0.75 per cent.   Here an extract from Philip Lowe’s Statement here: The outlook for the global economy remains reasonable. There have been signs that the slowdown in global growth that started in 2018 is coming to an end. Global [ Read More ]

Why don’t lenders drop my repayments when the interest rate falls?

Why didn’t my loan repayments fall when the interest rate fell last year? What affect does this have on my loan? What should I do about it (if anything)?


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