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 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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Haven Newsletter – Spring 2016

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Welcome to our spring edition of Haven. The federal election brought with it lots of chatter about negative gearing in the property market. And while the word tax is enough to make anyone cringe, we thought it timely to take a closer look at the tax implications of owning a property. Are you looking to sell your house? While spring is traditionally considered the best time to sell a property, we delve into some strategies that will help you get the best price for your place regardless of the season. Our Haven Food recipe is a decadent raspberry, pistachio and chocolate brownie. And it’s even bordering on guilt-free because it’s vegan! Be sure to check it out if you have a sweet tooth. If there is anything happening in your financial landscape that I may be able to assist with, please don’t hesitate to get in touch. I’m always here...
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Rate-Alert-Header-Decrease-2016

The RBA has cut the official cash rate to 1.5%

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This result was widely predicted with many experts tipping the RBA would lower the rate to provide some stimulus for the economy following last week’s disappointing CPI numbers. Amidst the dramatic U.S. election campaigns of Clinton vs Trump, a turbulent market in the EU following Brexit and the Turnbull government remaining in power, the RBA has opted to try and trigger an increase in consumer spending this month. What does all this mean for home owners and buyers? This may also give the property market a boost provide an opportunity for Australians to take advantage of the record low interest rates and competitive offers available in the market. While the official cash rate has been slashed, banks and non-bank lenders continue to move their rates out of cycle and there may be a better product for your circumstances. If you want to discuss your home loan rate, fees or structure,…

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Reserve Bank of Australia has once again left the cash rate at 1.75%

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It’s been a momentous couple of weeks both politically and economically with ‘Brexit’ announcement uncertainty around the result of Saturday’s federal election. Adding to action, the Reserve Bank of Australia has just announced the outcome of its board meeting. The Reserve Bank of Australia has decided to leave the official cash rate at 1.75%. In making this decision the RBA resisted the temptation to lower rates further despite concerns around the financial market shockwaves caused by ‘Brexit’ and the destabilizing effect of an uncertain political landscape here in Australia. Instead it appears the RBA has decided to wait until its August meeting to reassess the impact of these factors as well at the next quarterly inflation reading due at the end of this month. Even though the cash rate has remained unchanged, it’s still wise for us to talk, if we haven’t in some time, to ensure you are aware…

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Reserve Bank of Australia keeps cash rate at 1.75%

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The end of the financial year is nearly upon us, and the Reserve Bank of Australia has just announced the outcome of its board meeting. The Reserve Bank of Australia has decided to leave the official cash rate at 1.75%. In making this decision the RBA resisted the temptation to lower rates further despite Australia’s low inflation rate which has dropped below their target range of 2 – 3%. Better than expected GDP figures, albeit strongly driven by exports, appear to have influenced the Reserve Bank to take a patient approach for the time being. Even though the cash rate has remained unchanged, it’s still wise for us to talk to ensure you still have the appropriate financial solution for your current circumstances.

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Haven Newsletter – Winter 2016

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Welcome to our winter edition of Haven. In 2015 regulators sought to apply the brakes to investment lending and this saw many of the country’s larger lenders tighten up on investment loans. The changes made by the lenders meant borrowing for an investment property was in many cases tougher, however there are still many funding possibilities out there. Check out our article on how to improve your investment borrowing power and pick up the phone if you’d like to talk through your situation. With many Gen Ys staying in the family home late into their twenties, the risk of them becoming a long-term financial burden on their parents is a new reality. We take a look into the importance – for both your savings and your child’s budgeting skills – of charging your adult kids board. I hope you enjoy this edition of Haven. If you have any questions about...
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