News

Some Questions to ask when downsizing

• When is the right time? • What is the right location for me? • How much will you save and how much will you spend? • What should I keep and donate? • How much space do I need? • What type of property is right for me? • What items will I need […]

The final cash rate of 2018 has been announced by the Reserve Bank of Australia.

RBA governor Philip Lowe announced the rate would be remaining at 1.5%. As there is no cash rate meeting in January, this means the rate will have remained the same for at least 29 months in a row. Experts and analysts were expecting the decision, citing low unemployment and wage growth. While many over the […]

NO rate change for the 27th Consecutive month

The Reserve Bank of Australia has announced its decision on the November cash rate. The rate would be staying the same at 1.50%. The rate has now been the same for 27 consecutive months and many analysts believe it will remain at this rate into 2019 and possibly to 2020. This announcement was mostly expected […]

How to negotiate in a softer housing market

Seller expectations are high but buyers want low prices – what’s to be done? Two real estate agents detail how to negotiate in a declining housing market. After years of rapidly rising house prices, the recent slowdown took many people by surprise – not least those with a home to sell. “For a while we […]

Let’s Bust some Money Myths

Making the most of your money often requires common sense more than a commerce degree. Let’s take a look at five misconceptions about money that could be holding you back from greater financial freedom. 1) I DON’T EARN ENOUGH TO SAVE A lack of savings generally has less to do with how much you earn […]

No change in Cash Rates

Following its monthly board meeting, the Reserve Bank of Australia (RBA) announced that it has held the official cash rate at 1.5 per cent. All 31 economists surveyed predicted the RBA’s verdict, citing uncertainty in domestic and foreign markets. Over 90 per cent of brokers surveyed also predicted a rate hold. Prior to the RBA’s […]

How to escape mortgage stress

Understanding your borrowing capacity First of all, it’s important to understand how much you can realistically afford to borrow for a home loan. Consider Reviewing your income, expenses, other financial commitments, potential loan details and number of dependents to get an understanding of how much you can afford to borrow. Remember, what you can save […]

Investing in Property with a Friend

Have you ever heard the expression, ‘no friends in business’? It’s an oldie but a goodie. This is the attitude you should bring when considering buying property with a friend. Many good friendships have gone under the bus, and lots of people have taken a bullet to their credit rating by not giving this decision […]

Interest rates still on hold at record low of 1.5% as economy looks set to slow

Increases over the last week by the likes of Westpac and Suncorp were a factor in the RBA’s decision to leave official rates on hold for yet another month at 1.5 per cent. It marks the longest ever run of interest rate stability in Australia, with the last movement (a cut) happening back in August […]

Selling your House

Because selling your home in record time takes some elbow grease. How far should you go when presenting your home for sale? Do you really have to get rid of all your family photos? Who has the time to bake a fresh batch of cookies in time for every open house? There are some things […]

Two Years with no Official Rate Change

The Reserve Bank of Australia has held the cash rate at its historic low of 1.5% for the 24th consecutive month. It is the longest period of interest rate stability on record. The Bank’s central forecast for the Australian economy also remains unchanged with GDP growth expected to average a little over 3% in 2018 […]

How do I decide between a fixed or variable interest loan?

Unsure about whether to lock down your interest rate for a period with a fixed rate home loan, or take your chances with a variable rate home loan? It’s a decision everyone faces – from first-home buyers right through to investors – at various points in a loan’s life.

Should you Upgrade your home ?

So, you’re thinking about upgrading your home. Maybe your kids are getting older now and it’s time to find a place with a big backyard. Most new home owners will make the decision to upgrade before long – but for many young families, a lack of planning can spell disaster when upsizing the family home. […]

Cash Rates Remain unchanged for another month

The RBA has made its decision on the cash rate, choosing to hold it at 1.5%. It has now been at this rate for 22 meetings and experts are not forecasting a change any time soon. Predictions coming in over the weekend and yesterday had forecast this decision, with AMP Capital’s chief economist, Dr Shane […]

CCR is Coming

From 1st July 2018, comprehensive credit reporting (CCR) will become mandatory, meaning banks will be forced to share detailed positive and negative financial history with other lenders. Currently, most lenders only share negative information such as credit applications, defaults, overdue payments, bankruptcy and judgments. Under the new regime, they will now also have to share […]