Category : Uncategorized

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 …….

March 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.

Our hearts go out to all those that have been affected by the floods in Queensland and Northern NSW.  Let’s hope as the rain comes down the coast that it eases.

If you have been impacted, please reach out to me.

December, 2021

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

I would like to take this opportunity to wish all of my clients and their families a very Merry Christmas and let’s hope for a better 2022!

Thank you for your continued support and partnership.

Stay safe and well!

November, 2021

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

Over the past couple of weeks, we have seen the fixed rates start to move upwards.  Could this be the end of low interest rates?   If you were thinking of securing a great fixed rate, please reach out and discuss this with me.

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….

October, 2021

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

Some much local news, over the past few days.

Our Mighty Penrith Panthers winning the NRL Grand Final, which was just amazing, and today NSW has a new Premier, Dominic Perrottet.

Looking forward to the light at the end of the tunnel, with the re-opening of our state only days away.

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

Regards

Pauline Sultana

September, 2021

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

I hope that you and your family are safe and well and if you are in Sydney or Melbourne, you are coping with the lockdown as best as you can.

I just wanted to remind you of the fantastic, fixed rates that are on offer, which are generally lower than the variable rates.

Has the fixed rates reached the lowest they can go?   Maybe now is the time to have a review just to see if this is something you would consider, based on your circumstances.

Just give me a call or send me an email to discuss.

Until next time, please stay safe and well.

RBA MAKES CASH RATE CALL FOR AUGUST 2021

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

I hope that you and your family are safe and well.  As Sydney is in its 2nd lockdown, I want to let you know that I am here to help, and I am committed to servicing your financial needs as usual to deliver the best outcomes for you.

I understand that many are doing it tough so please reach out to seek advice.

Until next time, please stay safe and well. Regards Pauline Sultana

RBA Keeps Cash Rate on Hold

July, 2021

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

Australian Government announces 30,000 more Scheme places to support Australians buying a home

From 1st July, 30,000 new places are available under the Australian Government’s First Home Loan Deposit Scheme, the New Home Guarantee, and the Family Home Guarantee.

The Family Home Guarantee was announced in the 2021-2022 Federal Budget to support eligible single parents with at least one dependent child. 10,000 Family Home Guarantees will be made available over four financial years from 1 July 2021 to buy a new or existing home with a deposit of as little as 2 per cent.

The New Home Guarantee, announced in October 2020, is specifically for eligible first home buyers building or buying a new home with a deposit of as little as 5 per cent. It has been extended under the 2021-2022 Federal Budget with 10,000 new places available from 1 July 2021 to 30 June 2022.

10,000 additional places have also been released under the First Home Loan Deposit Scheme for the 2021-2022 financial year.

For more information about the Government Schemes, price caps, eligibility requirements, please email me!

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

RBA KEEPS RATES ON HOLD – ARE YOU PAYING TOO MUCH INTEREST?

June 2021

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

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.

If it has been some time that I have reviewed your home loan, please reach out, as I DON’T WANT YOU TO BE PAYING MORE INTEREST THAN YOU NEED TOO!  It doesn’t mean that you need to refinance, sometimes it is a simple as going to your current lender asking to review your rate, in line with what they are offering to new business clients…..it’s that easy!

I look foward to you reaching out to us!