If the November rate hike is putting a strain on your finances, considering an extension of your loan term could be a viable solution. This approach may alleviate the immediate financial burden by reducing monthly repayments. However, it's essential to be mindful of the potential drawbacks that come with extending the mortgage term. Here's a closer look at what factors to consider.
On the day of the race that stops a nation, the RBA has increased the cash rate by yet another 0.25% taking it to 4.35%. How will this latest hike affect your home loan repayments?
Mortgage brokers have achieved an impressive milestone, assisting in the settlement of seven out of every ten new home loans. This achievement underscores the pivotal role mortgage brokers play in helping Australians fulfill their dreams of owning a home. It's a testament to their effectiveness in facilitating the transition to the home of your dreams.
Whether you're considering a new home or an investment property, making a wise financial choice involves selecting areas poised for value appreciation. But where should you focus your attention? Today, we'll unveil the Australian cities where population growth is expected to provide a significant boost to the property market.
Not sure about the concept of refinancing? You're not alone. This detailed post will help you grasp the fundamentals and discover your potential savings.
The property market is defiantly shrugging off the impact of higher interest rates, demonstrating a remarkable uptick of almost 5% since March. In this article, we delve into the reasons behind the surge in national housing prices.
Australians have been embracing home improvements, investing a staggering $1 billion in May 2023., which, according to the ABS, marks a 4.3% increase from the previous month, according to the latest ABS figures. It appears that even with tightening budgets, renovators are unwilling to hold back.
Thank goodness. The Reserve Bank of Australia (RBA) has decided to put the official cash rate on hold at this month's meeting. So does this finally mark the end the rate hike cycle or are there more to come?
Mortgage serviceability can feel like a frustrating hurdle to clear. But it‘s an important safeguard against borrowing too much, particularly in the current interest rate landscape.
Drumroll … The RBA has hiked the official cash rate for the 12th time since April 2022, increasing it to 4.10%. How much will this increase your monthly repayments? And how long does Philip Lowe plan to keep marching to this beat?