by Nathan Osinski | Nov 3, 2020 | Interest Rates
If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe says the cash rate cut...
by Nathan Osinski | Jul 30, 2020 | Interest Rates, Planning for the future
Homeowners in record-high numbers are taking advantage of reduced interest rates and competitive refinancing offers. Are you ready to take the leap? When times are tough, the belt gets tightened. And we’ve seen that play out across the country in a big way recently,...
by Nathan Osinski | Jul 10, 2020 | Budgeting, Interest Rates
Home and business owners struggling financially due to COVID-19 will be given another four months to resume paying back their loans. Extended loan deferrals will be provided to those who genuinely need more than the current six-month timeframe, says the Australian...
by Nathan Osinski | Jul 6, 2020 | Interest Rates
‘Open Banking’ is now officially upon us. But what does that mean and why should you care? Well, in a nutshell, it’ll be easier and quicker for you to get a better deal on banking products going forward. With all that’s going on in the world right now, it’s been...
by Nathan Osinski | May 25, 2020 | Interest Rates
Here’s a bit of welcome news for mortgage holders: Australia’s record-low cash rate is likely to remain in place until 2023, according to leading economic and property experts. In March, the Reserve Bank of Australia (RBA) called an emergency meeting, cutting the cash...
by Nathan Osinski | May 6, 2020 | Interest Rates
Loyalty is an admiral trait when it comes to our friends, family and loved ones. But if you’re extending that virtue to the banks, then there’s a good chance it’s costing you thousands of dollars. That’s the takeout from the ACCC’s latest Home Loan Price Inquiry...
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