Interest rates to keep climbing as RBA hikes cash rate to 1.85%
The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.85%. Here’s how to hang in there and keep up with all…
Home loan refinancing numbers are surging across the country, here’s why
Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here’s why we’re seeing…
ATO Scrutiny on capital gains and rental property income
Investors beware: the Australian Taxation Office (ATO) has revealed the four key areas it will be targeting this tax year, and rental property income/deductions and capital gains are high on…
First home buyer alert! Purchase price caps increase for 5% government deposit scheme!
From the 1st of July 2022, first home buyers with a deposit of just 5% will soon have more purchasing power thanks to an increase in property price caps for…
What is debt-to-income ratio? And why do lenders care about it?
APRA (aka the lending watchdog) reveals almost one in four new mortgages are risky. How are they deemed risky? Well, it’s got something to do with your debt-to-income ratio, which…
Fixed rates on the rise, as CommBank tips a June cash rate hike
Hold onto your hats, things are about to get a little bumpy. Economists from Australia’s biggest bank are predicting the Reserve Bank will raise the official cash rate as early…
Open banking is ramping up, so how are lenders using your data?
Open banking is here and it’s charging full steam ahead. So just how are lenders and fintechs using your shared data in this brave, new, data-fuelled world? A new report…
Why are houses becoming so much more expensive to build?
Construction costs just rose at the fastest annual pace since 2005. So why is it getting so expensive to build your own home? Today we’ll look at the materials that…
Think property prices will dip when rates rise? Don’t bet the house on it
Whether you’re looking to buy, sell or hold, there’s a good chance you’ve wondered whether the property market will tumble when interest rates rise, right? Today we’ll look at what…
Buy Now Pay Later users put on notice by credit agency
Do you use a Buy Now Pay Later (BNPL) service like Afterpay or Zip? If so, be warned that one leading credit reporting agency has made a big change that…