Tonight, 12 May 2015, the Treasurer, Joe Hockey delivered his second budget in which he focused on small business, families and transitioning the economy away from a reliance on mining. This newsletter summarises the key points from the 2015/16 Federal Budget.
Reserve bank interest rate announcement - May 2015 Today, the Reserve Bank of Australia reduced the official cash rate by 0.25% to 2.00%. Rates had previously been on hold since February 2015. We expect that most lenders will reduce their variable interest rates within the next few weeks.
Director's Comment By Noel Hucker Have you ever had a great teacher or mentor? Someone that has made a real difference to the way you think and conduct yourself? We inherently know that having a great teacher / coach / mentor can bring out the best in us and enable us to achieve things we
Our Current Best Interest Rates The best home loan rates we currently have available: Variable rate of 4.48% pa 1 year fixed rate of 4.14% pa 2 year fixed rate of 4.14% pa 3 year fixed rate of 4.14% pa Getting the most from your home loan In the current
With the official cash rate at its lowest on record, there are some lenders that are offering very competitive deals to attract new customers. This is good for borrowers but it is important to understand all that re-financing involves. When you re-finance you are paying off your existing mortgage and creating a new one. For
As we know, the RBA left the official cash rate at 2.25% on 3 March, 2015. Given the low home loan interest rate environment we are currently experiencing, a common question is: Should I fix my home loan interest rate? For most people their mortgage is likely to be their largest financial obligation, and as
Our Current Best Interest Rates The best home loan rates we currently have available: Variable rate of 4.38% pa 1 year fixed rate of 4.34% pa 2 year fixed rate of 4.49% pa 3 year fixed rate of 4.59% pa Getting the most from your home loan In the
The official cash rate is now 2.25%, and many investors are still holding cash in online savings accounts and term deposits which are typically paying around 3.0% to 3.5% pa. While it’s accepted that interest rates will head higher again at some point, there are differing views as to whether the RBA will cut the
Below are five tips, in no particular order, on some ways you can take advantage of a low interest rate environment. 1. Increase your repayments Every extra dollar you put into your mortgage, above your required repayment amount, reduces the principal. This means down the track you’ll be paying interest on a smaller amount. This
Director's Perspective By Mario Isaias Welcome to our last edition in 2014 of our Investment Newsletter. We are excited to announce that in 2015 we will be revamping this newsletter to enhance the content and timing. We know you will enjoy this fresh approach. November in Australia was generally a “minus 3% month”. Both the
