Mortgage holders and business operators are being encouraged by the RBA to switch lenders if their bank doesn’t pass on the latest cash rate cut. The Reserve Bank of Australia (RBA) delivered mortgage holders and business operators a Melbourne Cup Day win by cutting the official...
If you didn’t back a winner on Melbourne Cup Day then fret not: the Reserve Bank of Australia (RBA) has delivered mortgage holders a win by cutting the official cash rate by 15 basis points to a new record low of 0.10%. RBA Governor Philip Lowe...
Great news for homeowners and prospective buyers: housing affordability is at its best level in a decade and should continue to improve throughout 2021. Housing affordability improved in all major Australian cities over the year to September 2020 despite the ongoing global pandemic, according to a...
Small business owners in need of credit will be buoyed by new data that shows the approval rate for loans has remained strong throughout the coronavirus crisis. In fact, about 70% of SME business loan applications received by lenders have been approved since early February, according...
Consumer sentiment is surging, confidence in the housing market is booming, and the number of experts tipping a Melbourne Cup Day cash rate cut is increasing. Let’s look at why households and businesses are becoming increasingly optimistic. Ahh, spring. It’s fair to say we love it...
Thousands of families across the country who had been thinking about a new build, or tackling an overdue renovation project, have rolled up their sleeves and committed to it, according to latest ABS data. And to be honest, we’re not overly surprised. The federal government’s $25,000...
There was one big-ticket initiative in the federal budget that really caught our eye, and that was the turbocharged version of the instant asset write-off scheme. Today we’ll look at how it could improve your business’s cash flow moving forward. Did you catch the announcement that businesses, both...
The First Home Loan Deposit Scheme is back; bigger, better and more buyer-friendly than before. If you’re a first home buyer who missed out on the first two rounds, then here’s how to make it a case of third time’s a charm! It’s federal budget week,...
You might have recently heard that ‘responsible lending laws’ are set to be scrapped early next year. Rest assured though that you’ll still be able to borrow responsibly. Let us explain how. The planned scrapping of the responsible lending laws is the federal government’s latest key initiative to...
First home buyers are now breaking into the property market more than four years faster than they typically would thanks to a little-known government scheme. Today we’ll discuss how. Ever heard of the First Home Loan Deposit Scheme? If not, don’t stress, it only launched this...
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