Rate-Alert-Header-Unchanged-2017

The RBA has opted to leave the official cash rate on hold at 1.5%.

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At its board meeting today the Reserve Bank of Australia decided to leave the official cash rate unchanged. As widely predicted, the RBA has kept rates on hold as it continues to work in unison with the regulators to stem concerns around the growth of the Sydney and Melbourne property markets. Assisting the RBA not to make the call to increase rates was the out of cycle rate increases we have seen from lenders over the last week. In many ways these have done the RBA’s job for the moment. Also weighing on the RBA’s decision not to move rates higher was the continued uncomfortably high unemployment rate and the fact inflation remains within its target range. Regardless of whether rates move up or down, my role as your mortgage broker remains unchanged. I’m always on hand to ensure you still have the right financial solution for your current circumstances….

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Rate-Alert-Header-Unchanged-2017

The RBA has left the official cash rate on hold at 1.5%.

By | News | No Comments

The Reserve Bank of Australia has today announced the outcome of its board meeting and it has decided to leave the official cash rate unchanged. As widely predicted the RBA has kept rates on hold as it balances a swag of recent positive economic news around growth in the economy, unemployment, house values and building approvals against a continued lack of wages growth and business investment. Regardless of whether rates move up or down, my role as your mortgage broker remains unchanged. I’m always on hand to ensure you still have the right financial solution for your current circumstances. If you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

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Haven Newsletter – Autumn 2017

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Welcome to our first edition of Haven for 2017. Our lead finance articles focus on two topics that are frequently in the home loan headlines. With interest rates still low, should you be looking to switch your home loan to a lower rate option to help pay down your mortgage quicker? We’ve put together a guide to refinancing that may help you make the decision. Our second article focuses on first home buyers and affordability, and with many feeling it’s near–on impossible to get into the market for the first time, we run a microscope over this contentious topic. If you fall into either of these camps, be sure to read our thoughts. It might not be a common thing in our modern times, but nothing beats the smell of freshly baked bread wafting through a house. In Haven Food we have a great recipe for a delicious oatmeal bread...
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Rate-Alert-Header-Unchanged-2017

The RBA has opted to leave the official cash rate on hold at 1.5%.

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With the new year underway, we’ve come to the first rate news for 2017. I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. As widely predicted the RBA has kept rates on hold as it continues to look for the balance between containing house price growth and managing below target inflation levels, record low wages growth and slow economic growth. Even though the official cash rate has remained unchanged, lenders can move their rates independently, so you may see a change to your rate. Of course, one of the many benefits of having me as your mortgage broker onside is I’m very happy to speak to you at any time to ensure you still have the right financial solution for your current circumstances.

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rate-alert-header-unchanged-2016

Reserve Bank of Australia keeps cash rate on hold at 1.5%.

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This month’s Reserve Bank of Australia cash rate decision has just been announced; the last decision for this year in what has certainly been a jam packed 12 months. I’m pleased to share this update with you and the thoughts on why the Reserve Bank of Australia has made this call. The RBA elected to adopt a wait and see approach over the Christmas and New Year period and has left the cash rate on hold at 1.5%. Between now and its next meeting in February, the Reserve Bank will weigh up a number of factors including the ‘Trump effect’ which some lenders are attributing to rising funding costs and consequently increasing fixed loan interest rates. Low inflation, slow economic growth, improving commodity prices, a stronger Australian dollar and ongoing concerns around some inner city property markets are among the other factors the RBA will need to take into account….

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