RBA Leaves rates on hold at 0.75%

November 2019

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.75%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

With interest rates at an all-time low, and lenders offering rates in the high 2%, (for owner occupied loans) this is a great time to check your home loan statement and see what your current interest rate is.  Even though interest rates have dropped, I urge you to see if your home loan is still competitive.   Some lenders are even offering cash back offers to refinance with them.

This also applies to investment loans.  They aren’t as sharp as the owner-occupied loan, but there are some great rates available.

So why not drop me a line and tell me what your current interest rate is!

October, 2019

At its meeting today, the Board decided to 

DROP THE CASH RATE TO 0.75%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

I will keep you posted on developments from the lenders, over the coming week.

There are big changes to how your credit rating is calculated which are taking effect, with lenders able to access more information about your credit history than ever before.

We all need to borrow money at some point, so I encourage you to read the below article so you are aware how it may impact you.

Read the full article  here

Rates on hold at the September 2019 RBA Meeting

At its meeting today, the Board decided to 

Leave the cash rate on hold at 1.00%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

With two rate cuts already this year, do you know what this means for your home loan?

According to research by Canstar –

            31% of borrowers knew that their home loan rate had decreased but didn’t know by how much.

            14% said their lender had not reduced their home loan interest rate,

            9% said they were not aware the cash rate had been cut at all!

            The rest surveyed knew their lender had lowered their home loan interest rate and was aware how much the rate had changed!  (Hopefully it was all my clients 😉)

If you don’t know what your interest rate is or whether it is competitive in todays market, please call/email me as you need to take advantage of the record low interest rates.  Switching from the average variable rate of 4.03% to the lowest in the market could mean an interest saving of over $91,000 over the life of a $400,000 loan.

RBA leaves rates on hold

August 2019   

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 1.00%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

Over the past 2 months we have seen the RBA lower the cash rate, and hopefully you have now seen that filter through to your monthly repayment being lowered.

Some great news that has also happened over the past month, has been the lowering of the servicability rate from 7.25% to between 5.25%-5.75% (depending on lenders).

This will improve your ability to borrow, so if you have spoken to me over the past year, and didn’t like what you heard, please touch base with me again to see how the lower serviceability rate improves your borrowings.

RBA LOWERS CASH RATE AGAIN!

July 2019  

At its meeting today, the Board decided to 

REDUCE THE CASH RATE FOR THE SECOND MONTH IN A ROW TO 1.00%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

With the end of another financial year, comes tax time…so this is when we round up all our income and expenses, and visit our Accountants.

What a great time to review your financial health and create financial stability by creating a budget.

Building a budget is the act of combining your income and expenses so that you can decide how much money you are going to spend on one item, how much on another, and so on – before you spend the money. It won’t be too difficult to create a budget, but it will be very difficult to stick with one. Just remember, you can do it!

Quite simply, a budget is a realistic financial plan, which you put together based on your income, expenses, and goals. Be realistic. It won’t take long to figure out that if you budget $500 per month for food, but actually spend $850 a month on a regular basis, your budget won’t work for very long.

Living with a budget isn’t the easiest thing in the world, but it can be a great alternative to worrying about how you are going to pay for your expenses and the feeling of guilt that goes along with spending money you don’t have when you pull out your credit card. Build a budget and take back your financial freedom!

If you would like our Budget planner, send us an email and we will be happy to forward it to you!

What a great way to keep the same home loan repayment, whilst interest rates are on the way down, so you can pay off your home loan sooner!

Like us on Facebook, and share with your family and friends for regular updates, hints, tips and useful information.

Until next time…..

**RBA MAKES CASH RATE MOVE**

 

June, 2019

 

At its meeting today, the Board decided to drop the cash rate to 1.25%

 

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

 

The Board took this decision to support employment growth and provide greater confidence that inflatiion will be consistent with the medium-term target.

 

The last decrease to the Cash Rate was in August 2016.

 

I will keep you posted on developments from the lenders, over the coming week.

 

RBA LEAVES RATES ON HOLD AGAIN

May, 2019

 

 At its meeting today, the Board decided to leave the Cash Rate on Hold at 1.5%

 

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

 

With the softening of the Property Market and Government grants, we have seen the return of the First Home Buyer being able to enter the market.

If you have a son or daughter, or friends wanting to get into the market, and don’t know where to begin, please send them our way.   With years of experience, we help the first home buyer through the steps of purchasing their first home, which usually can be very daunting.

 

Just see one of our testimonials –

 

Thank you so much to Pauline for her patience and diligence in finding a suitable home loan product and working with me to finalise my home loan.

Pauline was always there to talk to and to provide any information required, in addition to assisting to make the administrative process easier.

I would have no hesitate in recommending Pauline to anyone looking for a professional, yet friendly partner in finding the right mortgage product.  FW.

 

 

Until next email….

 

 

 

RBA LEAVES CASH RATE ON HOLD AT ITS FIRST MEETING OF 2019

 

February, 2019

 

At its meeting today, the Board decided to 

LEAVE THE cash RATE ON HOLD AT 1.5%

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

 

Welcome to the first email of 2019.  I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year!

 

So yesterday was the release of the Final Report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

We believe it has been a huge set back for the broker channel and Customers.

The recommendations on mortgage brokers represent a huge win for the Big Four banks.

Destroying the viability of the mortgage broker channel would immediately reduce competition and drive customers back into the branches of the banks with the largest branch networks.

MFAA CEO Mike Felton said these recommendations did not represent a good outcome for consumers.

“These policy recommendations are effectively a new multi-thousand-dollar tax on borrowing. They will put the broker channel at severe risk, damaging competition and access to credit and entrench bank power,” Mr Felton said.

“As reviews by ASIC, the ABA and the Productivity Commission have found, brokers drive competition by providing a shopfront for smaller lenders, particularly for rural and regional customers. We are critical to the health of Australia’s mortgage lending market.

“I fail to see how decimating the broker channel, leaving Australians with a handful of lenders to choose from, is good for competition, or good for customers,” Mr Felton said.

 

Let’s see what will unfold from this Final Report in the coming months!

 

**RBA LEAVES RATES ON HOLD INTO THE NEW YEAR**

December, 2018

 

At its meeting today, the Board decided to 

 

LEAVE THE cash RATE ON HOLD AT 1.5%

 

The Governor of the RBA, Philip Lowe’s, statement is available in full CLICK HERE

 

We would like to take this opportunity to wish all of our clients and their families a very Merry Christmas and a peaceful & prosperous New Year.

 

Thank you for your continued support and partnership.

 

 

Until our next email in 2019……

**RBA LEAVES RATES ON HOLD**

November 2018

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 1.5%

The Governor of the RBA, Philip Lowe’s statement is available in full CLICK HERE

QBE is proud to present their Australian Housing Outlook 2018-2021.

What you’ll find in this report –

  • Update and forecast on capital city markets
  • Analysis of Regional Centres
  • Where will Millennials live as they move into their next life stage?
  • Deep dive into demand and supply
  • What’s the future of the cash rate?

Click on the below link to download the report to get the full property story.

https://www.qbe.com/lmi/housingoutlook?utm_medium=email&utm_source=insurancebusinessonline&utm_campaign=b2b_housingoutlook_oct18&utm_content=austbrokers

Like us on Facebook, and share with your family and friends for regular updates, hints, tips and useful information.

Until next time…..

 

1 2 3 7