Interest Rates

Unraveling the Mystery of Inflation: A Deep Dive into Australia's High Inflation and Its Impact on Interest Rates and Households
Finance
August 7, 2023

Unraveling the Mystery of Inflation: A Deep Dive into Australia's High Inflation and Its Impact on Interest Rates and Households

We discuss the five core elements of inflation and delve into the reasons behind the high inflation in Australia. Moreover, we will discuss the repercussions of soaring inflation on interest rates and households, shedding light on its overall impact.

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The Impact Of Interest Rates On The Property Market
Property
June 7, 2023

The Impact Of Interest Rates On The Property Market

Traditionally, property prices have been closely linked to the rise and fall of interest rates. But not necessarily in 2023. In this article, we wanted to look at what is causing this unusual trend and whether interest rates play an overstated role in shaping the property market.

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Is the Australian property market finally starting to recover?
Property
May 4, 2023

Is the Australian property market finally starting to recover?

With property prices lifting for consecutive months, the Australian property market has reached a curious junction point. We analyse the question; are property prices finally recovering?

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Will interest rates go up further in 2023?
Finance
January 19, 2023

Will interest rates go up further in 2023?

After a year of pain for borrowers, many Australians have anxiously entered 2023 with the prospect of further cash rate hikes threatening already thin household budgets.Since interest rates began to rise in May last year, the average borrower with a $500,000 mortgage has seen their monthly mortgage repayments rise by $834. For the average borrower with a $1 million mortgage, monthly repayments are an extra $1668. Add inflation and soaring costs to that mix, and you have many Australian families under a great deal of financial stress.

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A beginners guide to refinancing
Finance
December 8, 2022

A beginners guide to refinancing

When you've had a home loan for a few years, your life will undergo many changes during that time. Whether you’ve got a promotion, changed careers or started a family, your financial circumstances evolve as you do.

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What is a "loyalty tax”, and how can I avoid paying it?
Finance
December 1, 2022

What is a "loyalty tax”, and how can I avoid paying it?

Imagine that you’ve been a loyal customer of a lender for many years, getting charged a certain interest rate on your home loan. Then, you find that your lender has been offering new customers much better rates whilst slowly increasing the mortgage rate on your home loan. If it sounds like this might be unfair, you aren’t alone.

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Five tips to improve your chances of home loan approval
Finance
November 24, 2022

Five tips to improve your chances of home loan approval

A home loan application is filled with many hurdles you need to jump. One of the biggest mistakes applicants make is failing to understand all the criteria lenders use to assess your credibility as a borrower. These factors will include anything from your credit score, earning capacity, deposit and debt-to-income ratio on the loan.

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Fixed Rates vs Variable Rates: Which Is Better For You?
Finance
August 11, 2022

Fixed Rates vs Variable Rates: Which Is Better For You?

There are many different home loan options available including your repayment type and the lender you borrow from. Choosing between a fixed or variable rate is one of the most important loan decisions you’ll need to make and will come down to your personal preferences.

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Principal & Interest vs Interest-Only repayments
Finance
July 28, 2022

Principal & Interest vs Interest-Only repayments

Repaying your mortgage generally means paying down a portion of your principal balance as well as some of the interest that has accrued through the cost of borrowing.

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What is rentvesting and is it a good strategy?
Property
July 14, 2022

What is rentvesting and is it a good strategy?

Rentvesting is an investment strategy that allows you to live in an area that suits your lifestyle whilst owning property in an area that suits your budget.

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How rising interest rates will affect your mortgage
Finance
June 30, 2022

How rising interest rates will affect your mortgage

Earlier this month, borrowers were hit by a 50 basis-point hike in the cash rate; the largest rate rise since February 2000. Sadly, rates are expected to continue rising sharply over the next year or so as surging inflation battles the global economy.

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What did the election results mean for property prices?
Property
May 27, 2022

What did the election results mean for property prices?

With the 2022 election behind us, it’s time to look ahead and see what Saturday’s result will mean for the Australian property market. Housing affordability became an important issue on the campaign trail, with both major parties putting forward their own proposals to help soften the blow for first home buyers.

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Are Melbourne’s property prices finally starting to dip?
Property
April 26, 2022

Are Melbourne’s property prices finally starting to dip?

Inflation, rate rises, increased demand and housing unaffordability may finally be putting the breaks on Australia’s runaway property market.

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How to make the most of your offset account
Finance
April 12, 2022

How to make the most of your offset account

An offset account is a type of savings or transactional account attached to your home loan. The balance of your offset account effectively offsets your outstanding home loan balance, which in turn reduces the interest you owe.

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Is it still a good time to buy property in regional Victoria?
Property
February 22, 2022

Is it still a good time to buy property in regional Victoria?

It was hard to fathom the property market in 2021. A number of pandemic-led factors propelled Australian property prices to unseen levels of growth - especially in our regional areas.

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