Money habits that may raise lenders’ eyebrows
We all know being on our monetary best behaviour can help to land a home loan. But did you know there are common spending habits you may have that are red flags to lenders? Smart money management and cutting back on expenses can help your home loan application. That’s no secret. But a bit of […]
RBA lifts cash rate for the sixth month in a row to 2.60%
The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 25 basis points to 2.60%. How much will this rate hike increase your monthly mortgage repayments, and when will it kick in? It’s hard to believe that at the beginning of May the cash rate was just 0.10%. Today it was […]
Why you might want to refinance sooner rather than later
[fusion_text] Thinking about refinancing? As interest rates rise, so do the hurdles you need to clear. Here’s why you might want to look at refinancing soon to avoid potentially missing out. When was the last time you refinanced? If the answer is “neverâ€, or you can’t actually remember, there’s a good chance you’re paying a […]
Interest rates to keep climbing as RBA hikes cash rate to 1.85%
The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.85%. Here’s how to hang in there and keep up with all these monthly cash rate hikes. Another month, another RBA cash rate hike – that’s four months in a row now! It’s hard to believe that […]
Keep calm and carry on: 5 ways you can absorb interest rate rises
[fusion_text]We’ve seen interest rates bounce back up over the past three months, and most economists are predicting more increases to come. If you’re starting to worry about your finances, rest assured there are several steps you can take now to get on the front foot. The days of ultra-low interest rates are officially over (it […]
Refinancing numbers are surging!
[fusion_text] Refinancing numbers are surging across the country, here’s why Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here’s why we’re seeing refinancing numbers surge across the country. In just two months we’ve seen the Reserve Bank […]
RBA increases cash rate to 0.35% amid high inflation concerns
This is the first RBA cash rate hike since November 2010, and the first time the cash rate has […]
How do you compare: how much of your pay goes to your mortgage?
The property market is going through a boom phase, which means housing affordability is getting tougher. So how much does the average Australian household need to put towards their monthly home loan repayments in the current market? Let’s take a look.
How long do you have to snap up a property in the current market?
You open up the real estate app on your phone, scroll through a few listings, and then there it is: the home of your dreams, ‘added 1 hour ago’. So just how long do you typically have to act in this hot market?
Want to switch home loans? Here are ASIC’s top tips for refinancing
With interest rates at record low levels, we’ve seen a big increase in homeowners wanting to refinance this year. So this week we’ll look at some of ASIC’s top tips for refinancing, plus some of our own for good measure.
