News

RBA leaves rates unchanged for another month

The Reserve Bank of Australia has left the official cash rate on hold at a record low 1.5 per cent at its first meeting of the year, citing continuing concerns about weak household consumption.

House Flipping for Profit

“Flipping” might be the new word on the block but Australians have long been part of the reno revolution. Some are looking for fast returns (the flip), while others are upgrading after being in a home for several years. Whichever your strategy, chances are the goal remains the same: to renovate for profit. Here are […]

How to refinance to renovate

Refinancing your assets to renovate a property is a significant decision that will hopefully improve your standard of living or add substantial value to your property. Refinancing isn’t as straightforward as you might expect. The type of renovation proposed goes a long way to dictating the loan required. If the wrong loan is chosen, you […]

Want to help your kids buy property

The real estate market can be tough for young adults, but as a parent you may be able to lend a helping hand. We tell you how. Parent-to-child loan A parent-to-child loan is when a parent lends their child money. This is a formal, legally binding arrangement, administered by an independent third party. At the […]

What happens when your fixed rate expires

Do you know when your fixed rate term is coming to an end? Once it finishes, the bank is free to quietly switch you to a higher interest rate – unless you act fast! Think of how costly it could be if you simply let the bank choose your interest rate. If your bank charges […]

Mistakes that could spell bad news for landlords

No one likes to spend any more than they have to, but you always get exactly what you pay for. An insurance comparison expert has said that investors looking to cut corners financially could set themselves up for financial ruin in the future. Abigail Koch, spokesperson at Compare The Market, said that investors need to […]

The Reserve Bank of Australia has held the cash rate at 1.50% on their last meeting of the year

The Reserve Bank of Australia has held the cash rate at 1.50% at their December meeting. This is the 15th consecutive month the RBA has held the cash rate, after cutting to the historic low of 1.50% in August 2016. Once again, the RBA’s result was correctly predicted by the experts polled. There are plenty […]

Family Planning: Applying for a home loan with a baby on the way

A new baby completely changes your life. Are you also prepared for how a new baby might affect your chances of buying a home? Here are some things to consider before you submit your application. When a lender assesses your home loan application, they look at your income, assets, debts and expenses before deciding whether […]

Cash Rate Unchanged

Following its monthly board meeting, the Reserve Bank of Australia has today announced the official cash rate for November.  The RBA has again chosen to keep the cash rate at 1.5 per cent, a move predicted by most industry experts. None of the surveyed experts predicted a rate change, despite some economic indicators showing signs […]

Tips for Achieving Financial Security

When it’s time for you to retire, will you be able to afford it? Almost all of the research conducted on the subject, over the last few years, shows that most individuals are unable to demonstrate financial readiness for their retirement years. This only serves to underline the fact that saving for retirement is a […]

How to speed up your home loan approval

Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do to help hurry your application […]

Reserve Bank keeps interest rates on hold at record-low 1.5pc

The Reserve Bank of Australia has left official interest rates on hold as expected after its monthly board meeting. RBA Governor Philip Lowe said the central bank decided to leave the cash rate unchanged at a record low 1.5 per cent. The decision to leave rates unchanged for a 13th consecutive meeting was widely expected […]

Joint bank accounts – Should you open one?

When a couple gets married or has been in a relationship for several years, it is common to operate out of a joint bank account. So, is this beneficial? Is this the right way to go about things? Is it offensive to tell your partner that you would prefer to keep your accounts separate? A […]

What are the costs of buying a home?

Unfortunately, there are a number of fees and costs associated with buying a home. Here is a list of the more usual ones. Not all of them will apply to all situations. Stamp duty — This is the big one. All other costs are relatively small by comparison. Stamp duty rates vary between state governments […]

What to consider before renovating

The decision to renovate is a common sticking point for homeowners, who can spend hours weighing up the cost benefits. Whether your motivation is to add value to your property or to add a touch of your personality to the home, renovations are expensive and debt often follows. By working with a mortgage broker, you […]