As we start into a new financial year, it is worth taking a few moments to review your position with your loans. There have been significant changes to investment, and interest only loans over the last few months, and fixed loans are still well worth considering. The major banks offerings have suffered with these changes, and the potential of tax grabs from both the commonwealth [...]
You have probably seen or read in the news recently that the Australian Prudential Regulation Authority (APRA) has issued guidelines resulting in changes to mortgage lending policy. You may be wondering exactly what the changes mean — and particularly what they mean for you. Background Briefly, the Federal Government and the Reserve Bank have expressed concerns about a potentially overheated property market, especially in Sydney [...]
As expected, the Reserve Bank has kept the cash rates on hold for another month. This makes it a full year since the last rate change. Most economists are predicting this to continue into 2015. This does bring further opportunities for mortgage customers to investigate fixed options, but with some longer term fixed pricing being reduced, the urgency to switch is decreasing.
When it comes to phone plans or petrol prices we generally are very vigilant to make sure that we're getting the best deal. How much more should we be making sure that the one of the biggest investments of our lives is not costing us more than it should? One of the biggest decisions through the life of a Home Loan is having the loan set [...]
You’ve poured over the glossy pictures on the internet all week and now you are at the open with other people… “the competition” and you have a serious crush on this house. Falling in love can be wonderful—and finding the perfect house to live in can make a house-hunter weak in the knees. When you’re looking to spend the foreseeable future in a house, true [...]