by Nathan Osinski | Jul 17, 2019 | Budgeting, Credit Rating, Interest Rates
Whenever the Reserve Bank of Australia (RBA) changes the official cash rate we all hear about how it will impact home loans. But it affects many other areas of finance and the economy, which we’ll look into today. The RBA has cut the official cash rate to a new record...
by Nathan Osinski | Jul 2, 2019 | Interest Rates
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 1%. Yep, that’s right, back-to-back rate cuts within just one month. The RBA last cut the official cash rate to the previously historic low of 1.25% on...
by Nathan Osinski | Jun 5, 2019 | Interest Rates
The RBA has cut the official cash rate to a new record low of 1.25%. But hang on a sec… Will lenders even pass on the cut in full? Today we’ll look at how you can make the RBA rate cut work for you. The Reserve Bank has cut interest rates to 1.25% – down from...
by Nathan Osinski | Jun 3, 2019 | Interest Rates, Investment Lending, Mortgage Tips
Here’s a bit of good news: you may be able to borrow more for your next home loan after the prudential regulator sent a letter to the banks asking them to relax a key lending criteria. In a letter to lenders, the Australian Prudential Regulation Authority (APRA) has...
by Nathan Osinski | May 13, 2019 | Interest Rates, Investment Lending, Mortgage Tips, Planning for the future
Fixing your home loan while rates are dropping is a bit like pulling the ripcord on a parachute. If you do it early you’ll get a steady ride but may miss out on a bit of action. But if you leave it too late things might get a little messy. To fix the rate or...
by Nathan Osinski | May 6, 2019 | Interest Rates
We don’t like to dust off the old crystal ball and speculate very often, but there’s been so much noise about whether the RBA will cut the official cash rate this Tuesday that we feel compelled to address it. 30 meetings in a row. That’s how long the...
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