July 2020

At its meeting today the RBA decided to leave the cash rate on hold at 0.25%

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

No content today – just watch my video!

Until next time, please stay safe and well, and reach out if you require any assistance.

JUNE, 2020

At its meeting today, the Board decided to leave the cash rate on hold at 0.25%

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

With the easing of more restrictions yesterday hopefully those that work in the industries of hospitality, beauty etc, have returned to work.  Let us hope that we continue to decrease the cases of Covid-19 in Australia and continue to ease restrictions further.

Whilst we are slowly returning to normal, I cannot stop thinking of what is happening in the United States right now.   Let us all pray for calm and serenity in the World, while justice prevails.

Until next time, please stay safe and well, and reach out if you require any assistance.

May 2020

At its meeting today, the Board decided to 

LEAVE THE CASH RATE ON HOLD AT 0.25%

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

Australia’s cash rate is at its lowest level in history.  Does that mean the time is right to make the most of the lower cash rate environment and refinance your mortgage?

If you took your loan out a while ago, it is worth shopping around and checking in with your lender to see if you can get a bigger discount.  If not, refinancing your mortgage can be beneficial in several ways.

Why not drop me a line to see if your current mortgage rate is competitive and let me go to your lender for a better rate.  Alternatively let me show you some great rates that are available.

Until next time, please stay safe and well.

Regards,

Pauline Sultana

Special March Meeting, 2020

At its meeting today, the Board decided to 

DROP THE CASH RATE TO A RECORD LOW 0.25%

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

The coronavirus outbreak is having a significant effect on the Australian economy.  Let’s hope these measures will support jobs, incomes and businesses through this difficult period.

I will keep you posted on developments from the lenders, over the coming week via our facebook page.

March 2020

At i ts meeting today, the Board decided to 

Drop the cash rate to a record low 0.5%

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

The coronavirus outbreak is having a significant effect on the Australian economy!

I will keep you posted on developments from the lenders, over the coming week via our facebook page.

RBA LEAVES RATES ON HOLD AT ITS FIRST MEETING

February, 2020

At its meeting today, the Board decided to Leave cash rate on hold at 0.75%

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

Welcome to the first email of 2020.  I trust you all had a wonderful Christmas season, and those that have children, have all settled into the school year! 

There has been some exciting news for First Home Buyers, with the introduction of the First Home Loan Deposit Scheme.

It allows first home buyers to purchase a property with the government providing a guarantee, avoiding thousands of dollars in mortgage insurance.  First Home Buyers only need a minimum deposit of 5% of the purchase price.   The Grant rolled out on the 1st January – initially with CBA & NAB, but from 1st Feb, there was a new roll out which included other regional lenders with 7,000 places becoming available.

From 1 July there will be a further 10,000 places available.

If you know someone that is a First Home Buyer, please feel free to share this email, and ask them to contact us and let us show them how to get into their first home sooner!

Until next time …….

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.

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