Category : Uncategorized

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…..

 

OCTOBER, 2018 – RBA LEAVES RATES ON HOLD AGAIN

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!

 

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

 

Until next time…..

 

Kindest Regards,

Pauline Sultana JP

Dip FS (FP), Dip FS (Fin/Mrtg Broking)

 

**RBA LEAVES RATES ON HOLD BUT ARE THEY MOVING ANYWAY**

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!

 

 

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

 

Until next time…..

 

**RBA CASH RATE ON HOLD AGAIN FOR AUGUST**

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!