the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.
With the rise in the cash rate, the big four banks passed the .25% rise to its borrowers. So what should you be doing today to help you ride through the future rate rises expected this 2022?
One tactic some buyers use is to make a pre-auction offer before the property goes under the hammer. The idea is that if you make your offer enticing enough
After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35 per cent in response to increasing inflation pressures. The latest inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates […]
My clients approached me last year about buying their first home. They’re a couple with two kids aged 8 and 10. The husband and wife are both working and earn around $100,000 each. They’re also both Australian citizens. Because both are first home buyers, Australian citizens and earning $200,000 combined, they qualify for the First […]
Interest rates remain at a record low currently, and the property market has been heating up despite the economic challenges due to the pandemic. Listings are currently lower which means buyers are competing for properties. So, if you are a first home buyer in a good financial position and considering buying using the First Home […]
Refinancing Traps to Avoid Whether you’re after lower repayments or want to tap into the equity sitting in your home, refinancing can offer a world of benefits. Here are some things to be aware of so that you don’t find yourself hooked into a bad deal. Written by: Maria Papa Don’t be fooled by the […]
Getting a Better Rate Is one phone call really all it takes to secure a lower interest rate? With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal. But when even a small interest rate reduction means potential savings of thousands of […]