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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Haven Newsletter – Summer 2016

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Welcome to our summer edition of Haven. Do you know what an offset savings account is? A recent survey has shown almost half of those Australian mortgage holders quizzed were unsure about how they work. We investigate how an offset account may help you pay off your mortgage sooner. If you're new to the property buying game, you may be mystified by the real estate jargon. To help clear the air, we've put together a list of terms you're likely to encounter when buying or selling a house. Are you planning to renovate? With DIY going digital we've put together a list of ten useful design and renovation apps that should help you on your way. Think of them as your virtual tradie. Please enjoy this edition of Haven and as we move into the festive time of the year I would like to wish you and your family a...
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Rate-Alert-Header-Unchanged-2016

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

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The RBA has opted to leave the official cash rate on hold at 1.5%. With celebrations for the race that stops a nation in full swing, I’d like to share today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. The RBA has resisted temptation to further lower rates. In making this decision it appears to have taken into account stable unemployment figures, improving commodity prices and concerns about further stimulating the Sydney and Melbourne property prices whilst discounting for the moment, concerns about low inflation. 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…

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rate-alert-header-unchanged-2016

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

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Now that the weekend’s grand final sporting festivities have come to a close, I’d like to draw your attention to today’s rate announcement and the thoughts on why the Reserve Bank of Australia has made this decision. In making this call, the RBA has resisted temptation to further lower rates, opting instead to wait until the September quarter CPI data is released to allow it more time to measure the impact of the August rate cut. 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. While the official cash rate remains unchanged, banks and non-bank lenders…

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Rate-Alert-Header-Unchanged-2016

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

By | News | No Comments

The month of August saw a flurry of activity from banks, with differing levels of rate cuts in response to the RBA’s decision to lower the official cash rate. This led to the media and consumers asking why the rate cut was not passed on in full with the response from lenders generally being that the RBA cash rate is only one of a number of components that make up their funding mix. Understanding interest rates in combination with the structure and fees of a home loan are an important part of financial literacy for those looking to own their first home, upgrade to a larger home or even downsize into a smaller investment. When researching your home loan options, be sure to look at all aspects of a product and lender. The interest rate is only the tip of the iceberg when it comes to a home loan and…

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