RBA lifts cash rate for the sixth month in a row to 2.60%

October 4, 2022

The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 25 basis points to 2.60%. How much will this rate hike increase your monthly mortgage repayments, and when will it kick in? It’s hard to believe that at the beginning of May the cash rate was just 0.10%. Today it was…

How to escape renting and get into the property market

September 29, 2022

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 long does it take for an interest rate rise to kick in?

September 22, 2022

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%….

Is now a good time to buy?

September 15, 2022

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…

RBA hikes the cash rate for fifth straight month to 2.35%

September 6, 2022

The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 50 basis points to 2.35%. Here’s how much you can expect to pay on your mortgage going forward and how we could give you a helping hand. This is the fifth month in a row the RBA has increased the cash…

What happens when you roll off your fixed-rate mortgage?

September 1, 2022

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…

Property prices are predicted to dip: 5 ways you can prepare to buy

August 25, 2022

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…

Could an eco reno boost your property’s value?

August 18, 2022

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…

Why you might want to refinance sooner rather than later

August 11, 2022

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…

Interest rates to keep climbing as RBA hikes cash rate to 1.85%

August 2, 2022

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…

Keep calm and carry on: 5 ways you can absorb interest rate rises

July 28, 2022

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…

Renovate or invest? How 7-in-10 Aussies are using their equity

July 21, 2022

Seven in 10 homeowners have recently used the equity in their home to renovate, invest in property or shares, or boost their superannuation. Have you thought about how you could take advantage of last year’s property price spike? You might have heard that property prices spiked 23.7% in 2021, yeah? That’s quite the growth spurt! So…

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