<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1653223531561810&ev=PageView&noscript=1" />
MMO Team Photo

Latest Articles

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 ]

July 2019: Housing Affordability at an all time high

What is ‘Housing Affordability’? Housing affordability refers to the relationship between expenditure on housing and household income. And according to the Housing Industry Association (HIA) Affordability Index, right now housing affordability is the best it’s been in 20 years. The HIA Affordability Index takes into account the latest dwelling prices, mortgage interest rates and wage [ Read More ]

How have the lenders responded to the RBA July 19 cash rate cut?

Just when you thought you knew what interest rate you were paying on your loan, the goal posts have moved again! It’s good news though, with another round of rate cuts announced by the lenders. This is what we know so far… CBA rate changes (effective 16 July): – Rates on variable loans (OO and [ Read More ]

RBA Interest Rate Decision – July 2019

    The RBA has cut the official cash rate by 25 basis points to a new record low of 1%.  So, why has the RBA cut the cash rate again, after cutting the cash rate to the previously historic low of 1.25% on June 4?    RBA Governer Phillip Lowe says this second rate [ Read More ]

What is a ‘Family Guarantee Loan’ or ‘Limited Security Guarantee’ loan?

What is a Family Guarantee or Limited Security Guarantee Loan? A Family Guarantee Loan is where a family member – usually your parent(s) – use equity in their property to help you purchase your new home. A Family Guarantee Loan allows you to buy property – without needing a large cash deposit saved. In some cases, [ Read More ]

First Home Buyer ACT Stamp Duty Concessions from 1 July 2019

As of 1 July, if you’re a first home owner purchasing in the ACT, the first home owners grant of 7K will no longer be available. However, the good news is that as a first home buyer with a household annual income of less than $160,000,* providing you satisfy eligibility criteria, you will not be [ Read More ]

Planning for your ‘Off-Plan’ purchase

Whether you’re buying a property as your first home or purchasing an investment property, purchasing off-plan is a common way to achieve both these objectives. Over the years, we’ve assisted many clients purchase off-plan properties and have published posts about this buying strategy here and also here. However, due to changes in the lending environment – and [ Read More ]

RBA Interest Rate Decision – June 2019

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. Here are some extracts from Phillip Lowe‘s comments following the rate decision.  At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.25 per cent. The Board took this decision to [ Read More ]

Fixed Rate loan Break Costs

So, you’re thinking of refinancing to another lender to take advantage of some attractive interest rates you’ve seen around. The thing is, you have a fixed rate loan. And as a borrower with a fixed rate loan, you already know that your fixed rate loan essentially locks you into an agreed interest rate and specific [ Read More ]


Free E-Books

Award Winning Mortgage Professionals