The recent decline in rental properties has caused many to feel uncertain about their housing situation. Here’s how you can leave renting in the dust and make homeownership a reality. Dwindling rental supplies in many parts of the country and soaring rental prices have many tenants looking for an escape. Terms like “housing crisis” are being bandied about, …
How to escape renting and get into the property market Read More »
Household budgets around the country are feeling the brunt of five back-to-back rate hikes. And we’ve been warned more are on the way. But just how long does it take for each rate rise to impact your monthly mortgage repayments? As you’re probably aware, in early September the RBA raised the cash rate to 2.35%. …
How long does it take for an interest rate rise to kick in? Read More »
Recent back-to-back interest rate hikes have led to a cooling of the property market, and with more rate rises predicted, you may feel like pumping the brakes on purchasing. But could the current climate offer opportunities? With the predictions of coming rate rises and falling house prices, it’s not surprising many potential buyers are holding …
They say all good things come to an end, and that includes your ultra-low fixed-rate home loan period. So what can you do to ensure a smooth transition? With the past couple of years offering historically low interest rates, many Australians have been able to lock in an ultra-low fixed-rate home loan. In fact, in …
What happens when you roll off your fixed-rate mortgage? Read More »
Property prices are predicted to fall over the coming year, but it’s always hard to know exactly when they’re going to start trending back up again. So if you’re interested in taking advantage of the dip, it could pay to start preparing now. Earlier this year, Domain’s June 2022 Quarterly House Price report showed national property prices …
Property prices are predicted to dip: 5 ways you can prepare to buy Read More »
You’ve probably heard that interest rates are on the rise and national property prices are on the way back down. Here’s how you can kill two birds with one stone: by refinancing to unlock equity and giving your home an energy-efficient makeover at the same time. Did you know that energy-efficient homes generally attract premium …
Thinking about refinancing? As interest rates rise, so do the hurdles you need to clear. Here’s why you might want to look at refinancing soon to avoid potentially missing out. When was the last time you refinanced? If the answer is “never”, or you can’t actually remember, there’s a good chance you’re paying a higher …
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The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.85%. Here’s how to hang in there and keep up with all these monthly cash rate hikes. Another month, another RBA cash rate hike – that’s four months in a row now! It’s hard to believe that …
Interest rates to keep climbing as RBA hikes cash rate to 1.85% Read More »
We’ve seen interest rates bounce back up over the past three months, and most economists are predicting more increases to come. If you’re starting to worry about your finances, rest assured there are several steps you can take now to get on the front foot. The days of ultra-low interest rates are officially over (it …
Keep calm and carry on: 5 ways you can absorb interest rate rises Read More »
Where will the official cash rate end up? How will the increases be distributed and what will the timing of these increases be? These are all good questions and Mr David Plank one of the big Four Banks economists has added fuel to the fire with his prediction of aggressive rate hikes. The Reserve Bank …
