Thinking of getting a new car? Here are three tips to improve your profile with the lenders

Don’t apply for loans with multiple lenders to get the best rate, this will negatively impact your credit score – we can assess your profile against multiple lenders without impacting your credit file. If you own a vehicle, trade it in or add a deposit to put towards your loan. If possible wait until your […]

Buying in Partnership

How would you like to double your deposit and double your income to buy your first property? Sounds pretty good doesn’t it? That’s the reason why many young homebuyers are now working together with a partner, friend or relative to break into the property market. Although there are some excellent benefits to entering a property […]

RBA holds cash rate at 1.5% yet again

The Reserve Bank has kept the official cash rate at a record low 1.5 per cent for a 32nd straight month, as widely anticipated by economists. The decision at Tuesday’s April board meeting means the cash rate has not moved in 32 months. The rate, which reflects what the central bank charges commercial banks on […]

Some Common Home Buying Blunders

Your home is likely to be the biggest purchase you make, so it’s something you want to get right. Mistakes can be stressful and costly. Here are the biggest ones buyers make and some tips to help you avoid them. 1) Letting your heart rule your head. It’s often easy to be dispassionate about an […]

RBA announces March cash rate

In its second announcement of the year, the Reserve Bank of Australia (RBA) has announced that the official cash rate will remain on hold at 1.5% In a statement the RBA said the central scenario is still for the Australian economy to grow “by around 3% this year”. Speculation around the decision has intensified over […]

First Cash Rate in 2019 Announced

The Reserve Bank of Australia (RBA) has made its first cash rate announcement of 2019, at a time when most of the industry is still concerned with the fallout from the Royal Commission report. To no surprise, the rate has remained on hold at 1.50%, where it has stayed since August 2016. While RBA governor Philip […]

How to negotiate on price and knock out the competition

All’s fair in love and war, and the same might be said for negotiating with real estate agents. Whilst you want to get the best possible deal on your purchase, the agent is responsible for getting the best possible price for their client – the vendor. Depending on how long you have been looking, you […]

We only invest one hour of our time on the biggest investment of our lives – Avoiding the Money Pit

The typical home purchaser spends around 90 hours over 6 months browsing the internet, researching websites, visiting real estate agencies and inspecting no less than a dozen properties. However, we only spend a little more than one hour inspecting the home we eventually purchase. Not surprisingly, many of us discover ‘hidden problems’ after the settlement. […]

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 […]