RBA No Change till 2020
According to AMP Capital chief economist Shane Oliver, The Reserve Bank won’t lift the official interest rate until 2020. So that’s great news for homeowners and investors. And he’s not the only one to share this prediction, with the cash rate at its current record low of 1.5%, most industry experts agree that there will […]
Property Investment: The #1 Thing You Want To Get Right
Selecting the right property for YOU is the most important thing when it comes to property investment. You want to get this right. This is also one of the trickiest things to get right when investing in real estate. Many people think there’s a right answer to basic property questions like: Where’s the best place […]
The Rentvesting Advantage
What is Rentvesting? Rentvesting is a growing trend in property investment where you invest in your first home with the intention of renting it out. A rentvestor simultaneously lives in a rental property located in their chosen suburb, while renting out an investment property they own found at a different suburb. Most people get into […]
Fixed Interest Rate versus Variable Interest Rate – or the Best of Both Worlds?
Fixed Rate Loan Or Variable Rate Loan – Which One Is Right For You? Interest rate matters when looking for a good deal on your home loan. When you take out a home loan, a very important thing you would need to decide on is whether to go with a fixed interest rate, or with […]
Why Equity Really is King
Equity is King So you bought your first home, got a home loan, you’re paying your mortgage in monthly instalments, and everything is ticking along smoothly. You will own your home outright – in a few decades. But you don’t have to wait that long to buy your second property and start building a property […]
Debt Consolidation: A Cure for the Christmas Debt Hangover
Is Debt Consolidation a Cure for the Christmas Debt Hangover? It’s just after the new year and one of your new year resolutions is to save more money. You have now decided to do something about your finances so that you can cut down on any unnecessary expenses without wanting to change your lifestyle. You ended up maxing […]
Mortgage Refinance: How to Save Money in 4 Steps
Mortgage Refinance: De-Mystifying the Process There are many reasons to think about refinancing your home loan, especially in the current economic climate. When faced with economic uncertainty or a change of situation, the option of being able to take advantage of the equity of your home is a powerful tool and has given many of […]
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 […]