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A good article from the MFAA on when and why to refinance. The most common reason for people to refinance their mortgage is to get a better deal and lower rate. But be careful you don’t become interest rate-fixated. Your…
RBA has decided to cut the official cash rate to a record low of 1.5%. Absolutely time to review your mortgage. Don’t set and forget. http://www.rba.gov.au/media-releases/2016/mr-16-18.html .
Offset accounts and redraw facilities work in similar ways as they both allow you to reduce the balance of your home loan therefore reducing the interest charged by applying extra money to your debt. Deciding between an offset account and…
The Reserve Bank has decided to cut the cash rate with a further cut this May reflecting continuing concerns over the state of the national economy. • Official rates cut as economy remains weak and dollar rises • Easing cycle…
At its meeting today, the RBA decided to leave the cash rate unchanged at 2.5%. Good time to look at your mortgage. Give us a call and we can do this for you. Full commentary is below: “Growth in the…
Australian Property Monitors have completed their October 2013 Market report commenting that: “median house prices increased by 3.1%, and up by 9.2% over the year ending August 2013. Sydney unit prices recorded a solid result over the quarter, increasing by…
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.5% effective 7 August 2013. To see the full commentary follow this link Now is a good time to review your home loan.…
According to Australian Property Monitors, “Hobart’s housing market remains subdued, reflecting the ongoing impact of a weak local economy. Hobart’s unemployment rate over April was 6.8 percent, and remains the highest of all the capitals, with no real indication of…
AMP says “The Gold Coast remains on track for a modest revival in buyer activity, following a prolonged period of subdued activity, similar to other major housing markets in South-East Queensland that tend to move in sync. The performance of…
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 2.75 per cent, effective 8 May 2013. Some Considerations were: • “The global economy is likely to record growth a little below trend…
