So, you have all now heard that the RBA has reduced their interest rates by 0.5% and that the banks have decided to pass onto their customers whatever they consider reasonable to ensure their future profitability! I am not going to comment on this, other than to say that there is still a great deal [...]
Read MoreRobert Gottliebsen Published 12:47 PM, 3 May 2012 Last update 12:47 PM, 3 May 2012 One more big bank has blinked on term deposits but the severe competition for money means that the rate falls are again minor. In turn, that means bank margins will be under pressure. The big banks will be looking to [...]
Read MoreRobert Gottliebsen Published 7:16 AM, 1 May 2012 Last update 7:16 AM, 1 May 2012 Self-managed super fund owners have started to take their money out of banks and invest it in the sharemarket, so today’s expected interest rate reduction will not be nearly as stimulatory as it would have been had rates been [...]
Read MoreStatement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to lower the cash rate by 50 basis points to 3.75 per cent, effective 2 May 2012. This decision is based on information received over the past few months that suggests that economic conditions have been somewhat weaker than expected, [...]
Read MoreWith interest rates a current topic of conversation, many clients are asking question: Do we fix our loan or is it better to have a variable rate? Which loan is right for me? Well, that all depends in your circumstances. Variable and fixed los have their advantages and disadvantages so it is imperative to consider [...]
Read MoreOwning a home is a significant responsibility and is often viewed as being the standard for adult achievement. For these reasons, many home loan applicants research both the requirements for obtaining a mortgage and what steps they will need to follow in order to increase their chances of being approved for a loan that will [...]
Read MoreThe home loan market in Australia can be a confusing place for first time home buyers and experienced home owners alike. There is a great variety of home loan products available to borrowers, and every lender offers different features for each type of mortgage they offer. For consumers trying to get the most out of [...]
Read MoreThe easiest way to enter the home ownership market in Australia is by qualifying for an Australian home loan. A home loan gives buyers the ability to pay for their home over time, entering the housing market with little cash up front. With an Australian home loan, the benefits of home ownership start immediately instead [...]
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