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How have the lenders responded to the RBA October 19 cash rate cut?
Following the RBA’s cash rate cut for October, here’s a summary of the lending cuts announced as at 5:30pm AEST 3 October, 2019. CBA rate changes (effective 22 October) : – Rates on Owner Occupier variable loans (both Principal and Interest and IO repayments) will drop by 0.13. – Rates on Investment variable loans [ Read More ]
RBA Cash Rate – October 2019
At its meeting today, the RBA Board decided to reduce the cash rate by 25 basis points to 0.75 per cent. Here are some of Philip Lowe’s commentary surrounding the decision: The Australian economy expanded by 1.4 per cent over the year to the June quarter, which was a weaker-than-expected outcome. A gentle turning point, however, appears [ Read More ]
Australian housing market: Sept19
The CoreLogic August home value index results showed that national dwelling prices increased by 0.8% over the month. This is the first monthly increase in values since October 2017. Housing values across capital cities rose by 1%, with Sydney (1.6%), Melbourne (1.4%) and Canberra (0.8%) leading the way. While the lift in housing values is [ Read More ]
Buying Canberra Property at Auction
You’ve found a property you like and it’s being sold at auction. You’re super excited because you’ve been looking at houses for ages and finally(!) something ticks all the boxes. The problem is, you’re a little nervous because your previous experience with auctions consists entirely of ebay purchases…. But you really like the house, so [ Read More ]
RBA Interest Rate Decision – 3 September 2019
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. After consecutive rate cuts earlier this year, the RBA Board’s decision to leave the cash rate unchanged today was not unexpected. Here are some of Philip Lowe’s commentary surrounding the decision: The outlook for the global economy [ Read More ]
Fixed Rate home loans – Aug 2019
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 a little closer. Please note analysis and commentary [ Read More ]
Changes to Lending Assessment Rates and How it Affects You
You may think it’s pretty easy to work out what you can afford to borrow. After all, there seem to be plenty of online calculators available where you plug in your details and voila, out spits a figure that a faceless lender will theoretically lend you. We’re here to tell you there’s a little more [ Read More ]
Buy your first home: get started here
As a first home buyer, there is a lot of information for you to digest. You’re trying to work out whether your deposit is large enough to buy the house you want. You’re not sure which loan is going to be the right one for you. And you’re trying to get a sense of how [ Read More ]
RBA Interest Rate Decision – 6 August 2019
At its meeting today, the Board decided to leave the cash rate unchanged at 1.00 per cent. After two months of consecutive rate cuts, the RBA Board has left the cash rate unchanged, as it waits to see the economic impact of previous rate cuts. Here are some of Philip Lowe’s commentary surrounding the decision: [ Read More ]
The Downside to Interest Rate Cuts. Have you fallen for this trap too?
Falling interest rates mean it’s likely you’re now paying less interest and your monthly home loan repayments have dropped. This is good news for home buyers and home owners, right? Absolutely! So how can there be a downside to lower rates if it means you’re saving money? We’re not going to talk about the [ Read More ]
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