Now that Australia’s banking regulator has lowered the lenders’ borrowing buffer, more people should be able to borrow more funds to buy their new home. For the last few years...
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For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. In making the decision to lower rates again the RBA has strongly reinforced its focus on supporting employment…
As everyone awakes from winter hibernation, many people’s thoughts turn to selling or buying a home in spring. It’s no surprise. The sun starts shining, the garden bounces back into...
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With the uncertainty of tax changes gone, a lessening of borrowing restrictions, and a new scheme to help first home buyers – coupled with two interest rate drops – it looks like things are swinging back into the borrowers’ favour. The election result took most of us by surprise. The…
Aeroplane horror stories Australians love to travel. It’s in our blood, it’s a part of our collective psyche. So, we know that a good number of our readers will likely have an aeroplane horror story to regale us with. Be it an airsick stranger wedged alongside you on a long…
The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered some early evidence of an improving housing market following its previous cuts. It will also have considered the impact a reduction in rates would have on the Australian dollar and overseas competitiveness.
We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Taylor, and he’s won a $500 Bunnings voucher. Congratulations Taylor!
The Reserve Bank of Australia decided to once again reduce the official cash rate, this time to 1% in a concentrated effort to boost household spending and the economy in general.
We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Robert, and he’s won a $500 Bunnings voucher. Congratulations Robert!
Despite the uncertainty of the federal election being behind it, the RBA has again decided to leave the official cash rate unchanged at 1.5%. I’d like to share some thoughts on why it has made this decision.