At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.5 per cent, effective 2 November 2011.
This rate cut may provide a boost to the property market, which has slowed in most parts of Australia. It could also improve the consumer confidence of potential home buyers.
A [...]
As global economic conditions have deteriorated, short-term fixed rate opportunities have become more attractive. It’s amazing what a month can do to the mortgage market. As lenders start to drop their fixed rates the whispers start “time to fix some or all of the mortgage”, so lets look at what is on offer and [...]
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
The move comes as no surprise as consumers become cautious and are spending less and saving more. There was talk of an increase as inflation came in higher than expected last week but with all the global uncertainty [...]
Welcome our first online Rate & Property watch report; giving you a quick snapshot of the mortgage and Property market today. As a full service Mortgage Broker, our role is not only helping you make the most informed mortgage decisions possible but also helping make you aware of a variety of issues that can affect [...]
The Queensland Governernment has announced that they will provide a $10,000 grant for new homes being built – and you don’t have to be a First Home Buyer
Queensland Building Boost Grant – Available from the 1st August 2011 to 31st January 2012
Not just for first home buyers – applies to anyone buying or [...]
Announcement
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
Great news for mortgage holders again today – the Reserve Bank has opted to keep rates on hold where it has been since November last year.
In a Statement by Glenn Stevens, Governor of the RBA; The global [...]
Unsolicited E-mails and Phone Calls
The Reserve Bank of Australia is warning the public to be aware of unsolicited e-mails and phone calls purportedly from the Bank. The Bank is aware of an increased number of scams using details of the Bank.
Scammers often use details of the Bank to make their scams seem more [...]
Announcement
At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent.
Great news for mortgage holders on Tuesday – the Reserve Bank has opted to keep rates on hold where it has been since November last year.
And it appears the credit market is pricing in about one 1/4 [...]
Low deposit home loans
Low deposit, when is it going to No deposit? back in the good old days pre GFC a big portion of our loans we wrote were No deposit as first home owners were trying to get into the market then we had a melt down in the financial markets overseas and [...]
As always, the media is making as much noise as possible about house prices, interest rates and the economy and then there is various monthly and quarterly reports on house prices from valuers, property consultants and economists, so I’m going to try to put them altogether and bring the whole show back to Earth.
OK [...]
It’s the most widely available financial product there is. More than 80% of households have at least one credit card. And if you dare to classify yourself as “average,” you have about four charge cards currently demagnetising themselves in your wallet.
To bolster your standing as an upstanding citizen of the world of plastic money, [...]
Financial scams and fraudulent emails
This will be a part series as there are a lot of scams out there looking to take your money so we will explore them one at a time.
The first and probably the most seen scam is the ‘fake Bank Emails’. Here are some of the tell tale [...]
What! I hear you say, home loan interest rates to go down, well someone had to say it and it appears John Edwards from residex is the first to stand up and give his view on why the next rate move may be down.
He noted the top 5 reasons that he thinks are [...]
At its meeting today, the Board decided to raise the cash rate by 25 basis points to 4.5 per cent, effective 5 May 2010.
Mortgage holders will be disappointed with the increase but the RBA said with the risk of serious economic contraction in Australia having passed some time ago, the Board has been adjusting the cash rate [...]
Business conditions and confidence have eased slightly but still remain firmly in positive territory, which could prompt further official interest rate rises, a survey shows.
The National Australia Bank (NAB) said its survey showed optimism about future economic growth outshone a sharp fall in trading conditions in the March quarter.
NAB also [...]
By Jill Fraser for Lending Central
In a bid to cool off a dangerously hot property market China’s State Council has raised the LVR for buyers purchasing a second home from 40 per cent to 50 per cent while requiring mortgage rates to be no less than 1.1 times benchmark rates.
[...]
By Jill Fraser for Lending Central
Reflecting on the process entailed in setting up Hemisphere Financial Solutions’ Associate Director Product and Marketing, Frank Knez says it is time that non-banks began rattling the cages of banks again.
“The non-bank sector needs to start making more noise and letting consumers know that we’re a [...]
The Reserve Bank of Australia (RBA) has raised interest rates for the first time in 2010 as the economy continues to grow stronger than expected, economists say.
The central bank lifted the cash rate by 25 basis points to 4.0 per cent following its board meeting on Tuesday.
Eleven of 16 economists [...]
Today’s interest rate increase is a reminder to mortgage holders to shop around if they are looking to refinance their home loan, according to the Mortgage and Finance Association of Australia.
“Changes to the official interest rate can present an opportunity to borrowers to get a better deal,” said Phil Naylor, Chief Executive of [...]
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Testimonials
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