HOOOOOLLLLLDDDD! Today the Reserve Bank of Australia met and decided to go all Braveheart and hold the official cash rate at the record low of 1.75%. The central bank last moved in May 2016, with a 0.25% cut which was well received by both existing home owners and property investors, as well as those looking [...]
Selling a home is stressful at the best of times. You spend months finding a buyer, negotiating a price, completing all the checks and preparing contracts, and there's just one final step: the buyer needs to have their finance approved. You'd hope it's a done deal by this point – after all, the bank issued [...]
In case you missed it, we're talking about RBA's announcement the other week that they had cut interest rates from 2% to an all-time low of 1.75%. Real estate agents are reporting that this cut – the first we've seen in a year – has buyers splashing their cash like there's no tomorrow. “It’s pretty [...]
Budgeting is one of those things that we all know we SHOULD do, but somehow never find the time (or, let's be honest, the motivation) for. Well, we're here to give you a bit of a kick up the bum, because budgeting can be a really powerful tool to monitor your finances and help you [...]
Is there a colossal problem sneaking up on Australia? There's been a new leak of official information, which suggests Australia has been ignoring a problem that could have serious consequences for the country. According to the leaked report, Australian household debt was so high before the global financial crisis (GFC), there was likely to be [...]
WOWZA! We have hit a new record! Yep today the Reserve Bank of Australia decided to cut the official 2% cash rate by 25 basis points to a new record low of 1.75%!! The RBA decided to react in response to low inflation figures and a strengthening Aussie dollar it tool many official forecasters and [...]
The age at which you move away from home can have a massive impact on your wealth in the future, so don't be tempted to make any rash decisions or to stay with mum and dad forever! Aussies could find themselves out of pocket by a huge $185,000 if they don't time the move correctly, [...]
Budget night has been and gone. But what does it mean to us, the average guy or girl in the street? Politicians across the country hit the airwaves, print and internet to tell us in complex language that it's all ok. But that made us even more confused on what it means for us, our [...]
Anti-slavery campaigner Harriet Tubman is set to become the first woman to appear on the front of a bill of US currency, having been given pride of place on the new $20 note. She replaces former president Andrew Jackson, who was himself a slave owner. And they say that Americans don't understand irony. Jackson will [...]
Approximately $5 million will be refunded by ANZ to around 25,000 customers, including pensioners, after the bank has miscalculated their account fees. The corporate watchdog announced on Wednesday that the bank had not properly applied fee reductions and waivers for customers who held an Access Basic account, a consumer credit card or an Everyday Visa [...]
Have you considered how the price of chicken, petrol and postage stamps can influence your mortgage interest rate? They are in fact more closely connected than many people realise. That’s because these commodities — along with alcohol, clothes, education and more — help inform Australia’s Consumer Price Index, which is the biggest single contributing factor [...]
Sure rates are low, but some banks are really starting to put the heat on our first home buyers and investors. If you are looking at property investing. Here's what you need to know. When you apply for a loan, the bank or financial institution will look at if you can make repayments at not [...]
