Interest rate announcement - February 2021The RBA last changed the cash rate in November last year, reducing it to an unprecedented low of 0.1%. This was an unprecedented move from the RBA which reveals that, while the economy has begun to bounce back, the path to full recovery from impacts of COVID-19 is likely
Interest rate announcement - September 2017 Today the Reserve Bank of Australia met to review the official cash rate. After last cutting rates in August 2016, the RBA have again decided to leave rates on hold at 1.50% this month. Nonetheless, we have seen some lenders starting to increase their variable and fixed interest rates
Interest rate announcement - May 2017 Today the Reserve Bank of Australia met to review the official cash rate. After last cutting rates in August 2016, the RBA have again decided to leave rates on hold at 1.50% this month. Nonetheless, we have seen some lenders starting to increase their variable and fixed interest rates
This is often one of the first questions that we are asked by clients when they are looking to buy a home or an investment property. In this article we focus on some of the recent changes to property loan lending and how they affect the amount that prospective buyers are able to borrow. The
Our interest rates outlook over the next 12 months is for the official RBA cash rate to remain steady at 2.0%. Many market commentators expect the RBA will reduce the official cash rate by 0.25%, and it could be as soon as May 2016. If the RBA does reduce rates by 0.25% we expect
We currently assess the Sydney property market to be at the high end of fair value. We expect that it may have peaked during 2015, and if there is a price drop in 2016 that it will be modest. We anticipate the price drop to be in the vicinity of 5%. Our view on
Being prepared at each stage of your property purchase can help to ensure everything runs smoothly, saving you a lot of time and stress. By now we have already discussed building your deposit, getting all the assistance available to you if you are a first home buyer and knowing how much you can borrow.
The first step in working out how much you can borrow is to determine your financial situation. This involves working out your net income, expenses and other commitments. It is important to make your budget realistic, and to include all your expenses. It is not worth understating your expenses and commitments as it may
Effective planning is key to getting the best results from your property purchase. The first step, when planning for purchasing your first home or investment property, is to build your deposit. You will need to show that you have at least 5% of the purchase price in genuine savings. There really is no quick
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
