If you haven't looked at your home loan recently, there's a reasonable chance it's no longer as competitive as it could be and in the current environment, that's worth fixing. The Reserve Bank of Australia…
Mortgage brokers now facilitate over 75% of new home loans in Australia, highlighting their increasing importance in helping borrowers navigate a competitive and complex lending market. Borrowers value brokers for their expertise, access to multiple…
You don’t always need to switch banks to get ahead on your home loan. In fact, many borrowers can reduce the amount of interest they pay simply by using the right tools and repayment strategies.…
The great wealth transfer from the baby boomer generation has begun and home ownership is the catalyst. The average price of a home in NSW is $1,184,500, the highest in the country. Canberra is next…
Should people with a mortgage have a greater focus on making extra repayments? The recent history of interest rates (the RBA target cash rate) in Australia makes for interesting reading – until the Melbourne Cup…
If you have an interest only home loan, its likely your home loan will shortly revert to principal and interest (P&I), which will result in much higher monthly repayments, which will be exacerbated by higher…
Low interest rates have been a mainstay since the global financial crisis of 2008. When the pandemic hit, Governments pushed stimulus measures through the economy and central banks reduced interest rates even further. Coming out…
What is a variable interest rate on a home loan? A variable interest rate (sometimes also called an “adjustable” or a “floating” rate) is an interest rate on a loan that fluctuates (up or down)…
If you sell an asset you will typically make a capital gain or loss, which is the difference between your initial purchase cost and the amount you receive when you sell the asset. In most…
The Government has announced grants of $25,000 to encourage people to build a new home or substantially renovate their existing home. The HomeBuilder scheme targets the residential construction market by providing tax-free grants of $25,000…
