by Nathan Osinski | Oct 7, 2019 | Business, Interest Rates
The ‘pendulum may have swung a bit too far’ when it comes to the tight lending standards currently imposed on small businesses, says the Reserve Bank of Australia (RBA). Since the RBA cut the official cash rate to a new record low of 0.75% on Tuesday, most of the...
by Nathan Osinski | Oct 1, 2019 | Interest Rates, Mortgage Tips
The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new record low of 0.75%. But will the banks pass on the interest rate cut in full to you? RBA Governor Philip Lowe said this third rate cut in five monetary policy meetings was...
by Nathan Osinski | Sep 16, 2019 | Interest Rates, Investment Lending, Mortgage Tips
Lending to Aussie households spiked 3.9% in July, the strongest growth seen since October 2014, according to the Australian Bureau of Statistics (ABS). The bumper month follows a 1.9% rise in June 2019, suggesting the tide has finally started to turn in the lending...
by Nathan Osinski | Sep 10, 2019 | Interest Rates, Real Estate
Marge, Marge, the rains are ‘ere! Home prices have recorded their first rise since October 2017, with national dwelling values increasing 0.8% over August, according to the latest CoreLogic report. Housing values across capital cities rose by 1%, with Sydney (1.6%),...
by Nathan Osinski | Aug 9, 2019 | Business, Interest Rates, Investment Lending, Mortgage Tips, Planning for the future
Good news for mortgage holders this week, with the RBA saying “it’s reasonable to expect an extended period of low interest rates”. Figures released on Wednesday show that core inflation, the RBA’s preferred measure, is currently at 1.4%. However,...
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...
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