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 […]
Single and under 30? You’re a great fit for the 5% deposit scheme
Single Australians under 30 snare the lion’s share of spots in the federal government’s 5% deposit first home buyer scheme, according to new data. Here’s how to secure one of the highly coveted 35,000 scheme spots released on July 1. Long gone are the days when you had to scrimp and save for a 20% […]
Renovate or invest? How Aussies are using their equity
Seven in 10 homeowners have recently used the equity in their home to renovate, invest in property or shares, or boost their superannuation. Have you thought about how you could take advantage of last year’s property price spike? You might have heard that property prices spiked 23.7% in 2021, yeah? That’s quite the growth spurt! So […]
How to save a first home deposit in just over a year
It’s taking young couples roughly five years on average to save for a 20% home loan deposit, according to new research. Want to hear something crazy, though? We know how to quarter that timeframe… Real talk: it’s never been tougher to save up a deposit for your first home. In Sydney the average timeframe is […]
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 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?