Interest Rate Increase
As expected, the Reserve Bank has raised interest rates for the first time in 11 years. The increase is 25 basis points to the cash rate target, which brings the current rate to 0.35 per…
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Australia’s Housing Market Adapts & Looking to the Future
The housing market in Australia is a mix of good and not-so-good. We face challenges unique to our times as the post-pandemic period continues to unfold. Government schemes are changing the housing market, and mortgage…
APRA Looks to the Slow Unprecedented Growth in the Housing Market
A recent meeting of the Council of Financial Regulators (CFR) found members concerned with the unprecedented Australian property prices. While the market slowed a bit, many in the CFR expressed concern about the impact on…
How the Coronavirus Reshaped Home Loans in Australia
The coronavirus pandemic has resulted in a significant shift in the economic landscape. As a result, a number of initiatives from the Australian government have been introduced. These Specific schemes were created to help ensure…
New Housing Stimulus of Up to $70,000 for WA First Home Buyers
For those in Western Australia, there’s good news. Apart from the recently announced HomeBuilder scheme, first home buyers can get up to $20,000 more from the state government. The state already has the existing $10,000…
A Note From Our Director in Relation to Mortgage Broking & COVID-19 Outbreak
In light of the Coronavirus pandemic, life has been interrupted throughout both the personal and the business sectors of all Australians.
RBA Slashes Official Cash Rate to a Historic Low Amid Coronavirus Pandemic
Just when everyone thought the interest rates could not get any lower, the Reserve Bank of Australia has cut the rates from 0.5% in early March to 0.25%. On the 3rd of March, it was announced that…
Go Green in 2020 With Up to $60m Discount on Clean Energy Home Loans
We all know the benefits of going green. It helps the environment, the surroundings, and the planet. Now, it can be even better for your bank. Bank Australia has recently partnered with the Clean Energy…