September, 2023

At its meeting today, the Board decided to leave the cash rate unchanged at 4.1%.

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

A nice relief to see rates on hold again.

Please reach out if you haven’t spoken to me for some time, so I can review your current situation.

Don’t forget to like us on Facebook and share with your family and friends for regular updates, hints, tips and useful information.

Until next time….

AUGUST 2023

At its meeting today, the Board decided to leave the cash rate unchanged at 4.1%

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

Macquarie Bank have provided a great article on 4 ways you can get ahead on your home loan.  Click on the link below to see how you can benefit.

https://www.macquarie.com.au/home-loans/a-guide-for-good-borrowers/four-ways-to-get-ahead-on-your-home-loan.html?sessionid=GA1.3.1035168442.1690661119

If you would like your Mortgage reviewed, please email me with your Current Balance and your current interest rate and let me see if your lender is prepared to review your rate!

Don’t forget to like us on Facebook and share with your family and friends for regular updates, hints, tips and useful information.

Until next time….

July 2023

RBA DECIDED TO LEAVE THE CASH RATE ON HOLD

At its meeting today, the Board decided to leave the cash rate unchanged at 4.1%

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

What a welcome relief this will be for mortgage holders!

If you would like your Mortgage reviewed, please email me with your Current Balance and your current interest rate, and let me see if your lender is prepared to review your rate!

Some good news for people trying to get in the market –

From FY2023-24, the Federal government has added 50,000 new places to the Home Guarantee Scheme.   The scheme gives first home buyers the opportunity to buy a home with a 5% deposit and avoid paying Lenders Mortgage Insurance.

  • First Home Guarantee (FHBG) – supporting eligible home buyers to buy a home sooner, with a deposit as little as 5%, 35,000 places are available.
  • Regional First Home Buyer Guarantee (RFHBG) – supporting eligible regional home buyers to buy a home sooner, in a regional area, with a deposit as little as 5%. 10,000 places are available.
  • Family Home Guarantee (FHG) – supporting eligible single parents and eligible single legal guardians of at least one dependent to buy a home sooner, with a deposit as little as 2%.   5,000 places are available.

If you know someone that might benefit from one of the above schemes, please pass on my details.

Finally I wanted to share an article from Macquarie Bank, “7 big trends reshaping the property market”.    CLICK HERE

Don’t forget to like us on Facebook and share with your family and friends for regular updates, hints, tips and useful information.

Until next time….

May 2023

RBA DECIDED TO RAISE THE CASH RATE AGAIN!

At its meeting today, the Board decided to increase the cash rate to 3.85%

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

This is definitely not what the majority of economists were thinking that the RBA would do.

Although inflation has passed its peak, at 7% it is still too high, so the Board decided that a further increase in interest rates was warranted.

Not what mortgage holders wanted to hear.

Please reach out if you need some advice about your current home loan.

Until next time…

APRIL 2023

RBA KEEPS THE CASH RATE ON HOLD

At its meeting today, the Board decided to

leave the cash rate on hold at 3.6%

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

Finally, some reprieve after 10 months of rate hikes.

Just a reminder, please reach out to me to review your current interest rate.   It doesn’t mean you need to refinance, it could be just going to your lender and asking for a rate review.

 Until next month, I hope you all have a wonderful Easter!

February 2023

At its meeting today, the Board decided to raise the cash rate again to 3.35%

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

Welcome to the first email of 2023.  I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year! 

This has now been the 9th consecutive rate rise.   If you are feeling concerned about your current mortgage commitments, please reach out to me and let’s review your current situation, and see if we can find you any savings!

Until next time …….

August 2022

August 2022

At its meeting today, the Board decided to raise the cash rate by 0.50% to 1.85%

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

We are definitely experiencing a shift in our economy. 

There is a great link from Macquarie Bank “Navigating a changing economic environment” that I encourage you to watch, which explains where the economy is headed next, with a key to understanding how to best manage your savings, spending and borrowing – to successfully navigate the months ahead.

As always, I’m hear to answer any questions or concerns that you might have, so please don’t hesitate to reach out to me anytime.

Don’t forget to like us on Facebook and share with your family and friends for regular updates, hints, tips and useful information.

Until next time ….

July 2022

At its meeting today, the Board decided to raise the cash rate by 0.50% to 1.35%

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

We always knew that interest rates wouldn’t stay low forever.  However, there is a generation of Australian Homeowners that have never experienced rising interest rates.

If you are concerned about rising interest rates, please reach out to me for some tips that can help you!

Some good news for people trying to get in the market –

From 1 July, the Federal government has added 40,000 new places to the Home Guarantee Scheme.   The scheme gives first home buyers the opportunity to buy a home with a 5% deposit and avoid paying Lenders Mortgage Insurance.

The new labour government announced that the Scheme will be expanded to include:

  • 35,000 places each financial year to support first home buyers to purchase a home with as little as 5% deposit, and
  • 5,000 places each financial year to support single parents with dependents to purchase a home with as little as 2% (the Family Home Guarantee)


The property price cap has also been increased in NSW to $900,000 in the Capital city and Regional Centres, and $750,000 for rest of the state.

If you know someone that might benefit in one of the above scheme’s, please pass on my details.

Until next month, stay safe.

May 2022

At its meeting today, the Board decided to raise the cash rate to 0.35%

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

We will hear from lenders over the coming days to see when they will increase their variable rates.

In the meantime, here are some tips that might help you to cover your increased loan repayments –

  • Set a household budget, and stick to it
  • Making extra repayments on your home loan
  • If you have an offset a/c, ensure all your savings are sitting in it, which will offset interest on your home loan.
  • Eliminate any credit card debt.  Don’t just pay the minimum amount due, but work towards paying off the credit card, and avoiding interest being charged.

Please reach out if you need some advice.

Wishing all the lovely Mums a Happy Mother’s Day on Sunday….I hope you get to have a relaxing day!

Until next time, please stay safe and well.

RBA MAKES CASH RATE CALL FOR APRIL, 2022

At its meeting today, the Board decided to leave the cash rate on hold at 0.10%

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

With the release of the budget last week, Affordable Housing and Home Ownership was addressed.    The Government will increase the number of guarantees provided to 50,000 per year.  There is a combination of guarantees for First home buyers, Family Home Guarantee (for single parents), with the introduction of a new “Regional Home Guarantee” that supports eligible citizens and permanent residents who have not owned a home for 5 years to purchase a new home in a regional location with a minimum 5 per cent deposit.

If you would like to know more about the above schemes, please reach out to me.

For more information on the Federal Budget 2022 and what it means for you, please follow the link below.

https://www.macquarie.com.au/advisers/federal-budget-2022/clients.html

Until next time …….

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