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 30, 2019 | Budgeting, First Home Buyer, Mortgage Tips, Planning for the future
Three-in-five prospective first home buyers intend to buy soon with a smaller deposit, rather than wait until they have saved a 20% deposit. So how do they plan on doing so? It usually takes between seven to 14 years for first home buyers to save a 20% first home...
by Nathan Osinski | Sep 25, 2019 | Budgeting, First Home Buyer, Mortgage Tips
Imagine buying your first home with only a 5% deposit and not having to pay lenders mortgage insurance (LMI). Well, that dream is one step closer to reality after the government introduced legislation to implement the First Home Loan Deposit Scheme. Currently, people...
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 | Aug 23, 2019 | Budgeting, Mortgage Brokers, Mortgage Tips
Indulgences such as caviar, wagyu beef and the finest bottles of wine shouldn’t count against you when lenders assess your application for finance, a Federal Court judge has said. Ok, so maybe Federal Court Justice Nye Perram has a slightly different grocery list to...
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,...
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