Has the tide turned? What the RBA rate pause means for homeowners
Mortgage holders rejoice – the Reserve Bank of Australia (RBA) kept the cash rate on hold in August for the second month in a row. So have we finally reached calmer waters? Or is there one last rate rise wave headed our way? In what many will see as better news than a Matildas’ World […]
Why are fixed rates still rising? And when might they drop again?
With plenty of pundits tipping interest rates will start to fall in the next 12 months, we look at why the big banks are hiking their fixed rates – and unpack what it means for the rate outlook. The past few months have seen interest rates on fixed home loans deliver more ups and downs […]
Where homeowners are spending $1 billion a month
Australians are showering their homes with $1 billion worth of love each month as home improvement spending ramps up. We look at the cost of popular renovations – and how to foot the bill. Belts may be tightening but not, it seems, for renovators. The latest figures from the ABS show Australians spent a whopping $1,044 million […]
Could apartment living help you dive into the property market sooner?
Buying a home for the first time can be challenging, especially with house prices soaring in recent years. So could switching from house hunting to unit searching be the way forward for you? There’s no denying that getting into the property market in today’s economic climate ain’t easy. The average Australian house price is now $725,000 – […]
Mortgage holders breathe a sigh of relief as RBA puts cash rate on hold
Phew! The Reserve Bank of Australia (RBA) has today decided to put the official cash rate on hold. So is the end of this rate hike cycle finally in sight? The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments increased by about $1,135 […]
Breaking out of mortgage prison: can easing serviceability buffers help?
Have you been keen to refinance but told you can’t? You’re not alone. Many Australian households are currently locked into their home loans due to rising interest rates. But some banks have recently started to lower their serviceability thresholds. As interest rates have climbed, Australians have refinanced in unprecedented numbers. In fact, a record high of […]
Homebuying intentions climb as Aussies untie themselves from rental crunch
Despite the soaring cost of living and successive interest rate hikes, homebuying intentions have climbed, latest data shows. So why are so many people still chasing the great Australian dream? And what can you do to make your own dream a reality? Despite a flurry of rate rises, new data this month shows homeownership is […]
Mortgage serviceability: how to jump through the hoops
Mortgage serviceability can feel like a frustrating hurdle to clear. But it’s an important safeguard against borrowing too much, particularly in the current interest rate landscape. It’s in the best interests of all parties involved if your mortgage is chugging along with regular repayments being made. Borrowing an amount you don’t have a hope in […]
RBA attempts to beat back inflation with another rate hike, up to 4.10%
Drumroll … The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. How much will this increase your monthly repayments? And how long does Philip Lowe plan to keep marching to this beat? Another month, another 25 basis point cash rate rise. It’s now apparent the […]
Why more Aussies are turning their backs on the McMansion
Australians are increasingly “thinking small” when it comes to buying a home and cracking the property market. And with perks like affordability, more desirable locations, and lower maintenance, it’s little wonder why. Many Australians are crossing the McMansion off their wish list in favour of smaller, smarter, low-maintenance homes. A recent ING study surveyed over 1000 Australians […]
