Great news for home buyers – housing affordability is the best it’s been since 1999, according to new data released by the nation’s peak housing and building body. That’s right – housing affordability is comparable to the days when the Y2K bug had us fearing for our lives, Nokia Snake was the pinnacle of mobile…
Whenever the Reserve Bank of Australia (RBA) changes the official cash rate, all we hear about is how it will impact home loans. But it affects many other areas of finance and the broader economy. Here is some information on those areas for you. The RBA has cut the official cash rate to a new…
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 1%. Yep, that’s right, back-to-back rate cuts within just one month. The RBA last cut the official cash rate to the previously historic low of 1.25% on June 4, which also happened to…
Cash flow is like your daily hit of caffeine. You don’t really notice how important it is for your business until you’ve got to try and operate without it. Today we’ll look at how the recently expanded instant asset write-off initiative can help out in that area. What is the instant asset write-off? Haven’t heard…
The RBA has cut the official cash rate to a new record low of 1.25%. But hang on a sec… Will lenders even pass on the cut in full? Today we’ll look at how you can make the RBA rate cut work for you. The Reserve Bank has cut interest rates to 1.25% – down…
Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria. In a letter to lenders, the Australian Prudential Regulation Authority (APRA) has proposed removing its guidance that lenders should…
No doubt, like most, you’re suffering from a bit of election fatigue. But stick with us – here’s one last article that explains what you can expect from the 46th parliament of Australia. With the Coalition securing enough seats to form a majority Morrison government, this week we thought we’d recap a number of key…
Did you know that it takes four to seven years for the average household to save a 20% deposit for their first home and avoid paying lender’s mortgage insurance? However, a new scheme promises to drastically reduce that time by dropping the required deposit to just 5%. As you may have seen, the Coalition government…
Fixing your home loan while rates are dropping is a bit like pulling the ripcord on a parachute. If you do it early you’ll get a steady ride but may miss out on a bit of action. But if you leave it too late things might get a little messy. To fix the rate or…
We don’t like to dust off the old crystal ball and speculate very often, but there’s been so much noise about whether the RBA will cut the official cash rate this Tuesday that we feel compelled to address it. 30 meetings in a row. That’s how long the RBA has kept the record low official…
