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……
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 –
Click on the below link to download the report to get the full property story.
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Until next time…..
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
Since last month we have seen the majors, besides NAB, raise their interest rates.
I have been helping clients review their home loans, with the recent interest rate hikes. Surprisingly there is a difference between a mortgage taken out 4 years ago and what is being offered today.
I invite you to look at your current home loan statement, see what your home loan rate is, and send me an email to see if it is competitive.
If you are concerned about rising interest rates, then maybe a fixed rate, or partial fixed rate might be the answer.
Happy to discuss your options. I am here to help!
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Until next time…..
Kindest Regards,
Pauline Sultana JP
Dip FS (FP), Dip FS (Fin/Mrtg Broking)
September 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
Westpac’s move to raise interest rates on its variable rate mortgages last week could be the starting gun for the other big banks to follow.
Already, more than two-dozen smaller lenders have raised their variable mortgage rates during the past couple of months.
It’s unwelcome news for households already facing cost-of-living pressures and slow wages growth. Higher mortgage interest rates are the last thing you need.
But home owners don’t have to simply accept a rate rise. This is where your finance broker comes into play. Let us negotiate with your lender, and if unsuccessful then there is an apportunity to refinance to another bank or fix all or part of your loan.
Let us know if you would like our help!
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Until next time…..
August 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
Today marks 2 years of record low interest rates, however over the past couple of months we have seen some lenders raise their variable interest rates, due to the cost of funding.
If your lender has notified you about the increase to your current mortgage payment, what a perfect time to drop me a line to check that your interest rate is still competitive in today’s market….What do you have to lose!
I’m always keen to help my clients reduce their overall monthly payment!
July 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
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!
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Until next time…..
June 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 are coming to the end of the financial year; this is when many Australians complete their tax returns, look at their mortgage statements and realise they are paying too much interest.
Right now, there are a number of lenders, who are offering very low rates. One Big Four bank is offering 3.59%!
Sure, many of these loans are owner occupied, but there are also some very sharp investor rates out there, with some Lenders structuring loans so that you get an investor loan at owner occupied rates or offering you a cash back incentive to
refinance your loan with them. The end of the financial year is an ideal time to review your loans to see if there is a better rate out there that could be saving you money.
Just ask us how!
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 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
Do you currently have a personal loan, motor vehicle finance or some credit card debt that you are paying high interest rates?
You may be able to use the current equity in your property to consolidate your other debts with your mortgage and enjoy a better interest rate along with the benefit of freeing up your monthly cashflow.
With rates lower than 4%, this is a great time to review your current financial position and see how we can save you money.
Just ask us how!
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….
April 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
It has been the longest stretch in the country’s history without a change in the official cash rate. It will be 18 months since the money market interest rate has varied — the longest period of time in which the Australian cash rate has not moved.
While cost of living pressures, including escalating house prices, have squeezed the family budget in recent years, many families have found a silver lining in lower interest rates.
What home owners shouldn’t lose sight of is the long-term trends. History tells us rates will rise, which means now is the best time to start knocking off extra debt, to give yourself a buffer when the tide does eventually turn or possibly fixing part of your loan now to protect yourself against future rate rises.
Why not contact us to review your current mortgage options to see if locking part of your mortgage into a fixed rate could assist in securing you against the higher repayments that an increase in the official cash rate will inevitably bring.
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….
March 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
The Cash Rate remains on hold for another month and the expectation of forecasters is that an increase is unlikely until late 2018/early 2019.
For our Investor Clients, no doubt you have seen an increase in your loan repayments over the past 12 months.
This will be a perfect opportunity to get in contact with us to review your rates, as some lenders are offering great Interest Only Investment rates.
Alternatively, there may be a better fixed rate, or if you change your repayments to Principal & Interest you would reduce the interest rate also.
Please give us a call or email to see how we can reduce your overall monthly payment!
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Until next time….