Home Loan Comparison: 4 Ways to Maximise Savings on Your Mortgage
Home Loan Comparison At the start of November, the Reserve Bank of Australia slashed interest rates to a record low of 0.10%. What this means for you as a borrower is that you can find a better deal for your mortgage. Before you start shopping to refinance your mortgage, we’ve made a list of four things that you should look out for when undertaking home loan […]
Aussies Have Saved $100bil In 7 Months
Australians have amassed $115 billion in total savings as a buffer against the pandemic recession, in a sign that economic recovery is unlikely to be derailed by any future reduction in government income support. APRA figures show household deposits surged to $1.09 trillion by the end of September – an increase of $115 […]
No Rate Rise For 3 Years, Says RBA
Reserve Bank governor Philip Lowe says the RBA does not expect to increase the official cash rate for at least three years. He says the board has changed its view on the timing of a future rate rise in relation to its inflation and full employment settings. “We do not expect to be […]