How the rise in living costs is affecting the property market
Inflation is both impacting the housing market and itself being impacted by the housing market. CoreLogic Head of Residential Research Eliza Owen said one way in which inflation impacts the housing market is that it erodes the value of debt, making it easier to repay a mortgage. That’s because $1 today is worth less than […]
- Author: admin
- Date: 22 August 2022
Weather bureau warns homeowners of “elevated flood risk”
The Bureau of Meteorology has warned there is a 70% chance of La Niña returning this spring. The bureau’s three-month climate outlook shows a high chance of above-average rainfall for most of the eastern two-thirds of the Australian mainland between September and November. “With wet soils, high rivers and full dams, and the outlook for […]
- Author: admin
- Date: 22 August 2022
As the cash rate climbs, should you fix your home loan?
The cash rate has been increased by the Reserve Bank of Australia (RBA) for the fourth month in a row from 1.35% to 1.85%. Since the RBA’s first increase of the cash rate from its record low of 0.1% in May, we have seen interest rates for both variable and fixed home loans increase across […]
- Author: admin
- Date: 2 August 2022
Putting your best foot forward when bidding
Whether you are just beginning your property-purchase journey, or adding to your portfolio, a common stressor is determining how much to offer and how to put your best foot forward when there is competition. As we arguably enter a slightly better buyers’ market than the start of the year (house price growth as a national […]
- Author: admin
- Date: 21 July 2022
Shock expected for fixed-rate borrowers
Data just released shows a large number of Australian home owners are facing a significant increase to interest rates when their fixed-rate term ends. Investment bank Morgan Stanley estimated that the big four banks have originated more than $550 billion of fixed-rate loans since the 2018-19 financial year, and that about $400 billion of these […]
- Author: admin
- Date: 21 July 2022
Cash rate continues upward trend – what can you do if your repayments are too high?
The Reserve Bank of Australia (RBA) has continued its trend of increasing the cash rate, moving it for the third month in a row from 0.85% to 1.35%. According to our data, all lenders in our panel increased variable interest rates on home loans in line with the cash rate increase last month. This means […]
- Author: admin
- Date: 5 July 2022
When is a good time to refinance my home loan?
Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much further thought to it. However, this set-and-forget mentality could actually cost you thousands in interest repayments. How? Because interest rates are constantly changing and many […]
- Author: admin
- Date: 13 June 2022
RBA increases cash rate again – what does this mean for homeowners?
The Reserve Bank of Australia (RBA) today moved the official cash rate for the second month in a row from 0.35% to 0.85%. Last month the bank increased the cash rate from the historic low of 0.1%, where it had been since November 2020. Since last month’s cash rate increase, 97% of lenders in our […]
- Author: admin
- Date: 7 June 2022
Positive and negative gearing: the pros and cons
If you invest in property, it could be positively or negatively geared. And it has nothing to do with mechanics or engineering. It refers to whether the income you receive for the property is higher or lower than the overall amount you pay to own it. These can have implications for the investor, not only […]
- Author: admin
- Date: 18 May 2022
How do lenders calculate my income?
When you work for yourself, you may pay yourself a consistent income, but, more likely, your earnings fluctuate month to month. You may have experience managing your personal cash flow to accommodate this, however lenders tend to look for stability and a track record of making ends meet. So, if you are self-employed and want […]
- Author: admin
- Date: 4 May 2022
