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The Bureau of Meteorology has warned there is a 70% chance of La Niña returning this spring. The bureau’s three-month climate outlook shows a high chance of above-average rainfall for most of the eastern two-thirds of the Australian mainland between September and November. “With wet soils, high rivers and full dams, and the outlook for … Read more
The cash rate has been increased by the Reserve Bank of Australia (RBA) for the fourth month in a row from 1.35% to 1.85%. Since the RBA’s first increase of the cash rate from its record low of 0.1% in May, we have seen interest rates for both variable and fixed home loans increase across … Read more
Data just released shows a large number of Australian home owners are facing a significant increase to interest rates when their fixed-rate term ends. Investment bank Morgan Stanley estimated that the big four banks have originated more than $550 billion of fixed-rate loans since the 2018-19 financial year, and that about $400 billion of these … Read more
Whether you are just beginning your property-purchase journey, or adding to your portfolio, a common stressor is determining how much to offer and how to put your best foot forward when there is competition. As we arguably enter a slightly better buyers’ market than the start of the year (house price growth as a national … Read more
The Reserve Bank of Australia (RBA) has continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our data, all lenders in our panel increased variable interest rates on home loans in line with the cash rate increase last month. This means … Read more
The Reserve Bank of Australia (RBA) today moved the official cash rate for the second month in a row from 0.35% to 0.85%. Last month the bank increased the cash rate from the historic low of 0.1%, where it had been since November 2020. Since last month’s cash rate increase, 97% of lenders in our … Read more
If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive for the property is higher or lower than the overall amount you pay to own it. These can have implications for the investor, not only … Read more
When you work for yourself, you may pay yourself a consistent income, but, more likely, your earnings fluctuate month to month. You may have experience managing your personal cash flow to accommodate this, however lenders tend to look for stability and a track record of making ends meet. So, if you are self-employed and want … Read more
The Reserve Bank of Australia (RBA) today announced the cash rate increased from a record-low 0.1% to 0.35%. This is the first time the RBA made a change to the cash rate since November 2020 saying now was the right time to begin withdrawing some of the “extraordinary support that was put in place to … Read more
Investors are continuing to show confidence in the future of property with the latest data showing a 6.1% rise in the value of housing loans made to investors in January, according to the Australian Bureau of Statistics (ABS). A total of $11 billion was loaned to investors – that’s a new record and the 15th … Read more
