Escape The Rent Trap By Joining The Property Market
Rental properties have been declining at a concerning rate for some time, leaving many unsure about their housing situation. So, how can you escape renting and become a homeowner? Rental availability is fast becoming scarce in many parts of Australia and rental prices are being unreasonably increased, resulting in many tenants seeking alternative options. Owning […]
Interest Rate Rises vs. Your Mortgage
Interest rates have increased again by 2.60%, another 25 points. How will this interest rate rise effect your mortgage repayments, and will it take effect immediately? It’s unbelievable that the cash rate increased from 0.10% at the start of May to 2.60% recently this month, making this the sixth month in a row where we […]
How Long Will It Take for an Interest Rate Rise to Kick in?
Household budgets around the country are feeling the brunt of five back-to-back rate hikes. And we’ve been warned more are on the way. But just how long does it take for each rate rise to impact your monthly mortgage repayments? As you’re probably aware, in early September the RBA raised the cash rate to 2.35%. […]
Is Now a Good Time to Buy or Wait?
Understand what is going on with current interest rates and why you should consider buying now. Recent back-to-back interest rate hikes have led to a cooling of the property market, and with more rate rises predicted, you might feel like pumping the brakes on purchasing. But could the current climate offer opportunities? With the predictions […]
Things to Consider if You Have a Home Loan
Meet Mike Mackenzie I’m Mike Mackenzie your local mortgage broker. I’ve got a passion for property, so no matter what stage in the property journey you are on there is a good chance I have personally done it myself. Let me explain. I bought my first home which was a house and land package when […]
The Recent Interest Rate Rise Explained
Understand what is going on and the options available to you Interest rates are going up due to the reserve bank of Australia (RBA) being scared that inflation will hurt the Australian economy. While we do have high inflation at 5.1%, we need to consider some very important points. Cost Push vs Demand Push Inflation […]
Fixed vs Variable Home Loans
What’s the difference and how to choose which option is right for you Home loans are one of the biggest purchases that a person can make. While it may be tempting to go for the most expensive option, you should be aware that home loans come with costs. The loan amount and repayment period will […]
Split Loans Explained
Learn how you can get ahead by taking advantage of the benefits of both fixed and variable rate loans What is a split home loan? So, what is a split loan?! In short, a split loan is when you take advantage of both a fixed rate loan and a variable rate loan at the same […]
A swift guide to refinancing your home loan
What is refinancing? To put it simply… Refinancing is the process of taking out a new mortgage to repay an existing loan. You may decide to refinance if there has been a change in your personal or financial situation, or simply because you want a better deal on your home loan. Refinancing isn’t very different […]