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22.01.2022 APRA has written to banks proposing the 7pc serviceability buffer on home loans be removed, in good news for borrowers and the property market.

22.01.2022 The prudential regulator has decided to remove the 7 per cent serviceability buffer effective immediately.

22.01.2022 The Reserve Bank of Australia has decided to leave the official cash rate unchanged at 1% as it awaits fresh economic data to allow it to assess the impact of its June and July cuts. In making this decision not to drop rates again the RBA will have considered some early evidence of an improving housing market following its previous cuts. It will also have considered the impact a reduction in rates would have on the Australian dollar and overseas competitiveness. In the lead up to its September meeting it will continue to monitor inflation, house prices, wages growth, household consumption and concerns around the unemployment level before making its next decision.

19.01.2022 Brokers & Bankers came together for a good cause yesterday - supporting the RFS, Woronora Bush Fire Brigade. Myself & 3 other brokers David Newham , Johnny Sukar & Chris Raymond invited associated colleagues. 45 attendees gathered in a local Chinese restaurant. $2700 was raised for much needed equipment. More information on the awesome work these local heroes undertake can be found at ... http://www.woronorafire.org.au/ See more

19.01.2022 The changes mean that for a home buyer who has secured a rate of 3.8 per cent will be assessed against their capacity to repay a loan at 6.3 per cent.

18.01.2022 Sharing some good news during a time Australia will never forget .. The look on their face makes my day !

18.01.2022 The banking regulator has taken the brakes off the struggling mortgage industry by telling lenders they can change the way they assess customers’ ability to meet repayments.

18.01.2022 Today, the RBA announced an out-of-cycle emergency rate cut to help the Australian economy withstand the impact of COVID-19. The RBA has reduced the cash rate to a new record low of 0.25%. If the COVID-19 crisis is affecting your financial situation, please get in touch so we can formulate a plan to manage your loan repayments during these challenging times.

07.01.2022 The RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016. In making this decision the RBA has taken into account inflation being below its target range of 2-3%, continued pressure on house prices, evidence of rising levels of mortgage stress, a borrowing squeeze in response to the Banking Royal Commission, slow wages growth and continued concerns around the level of under employment.

06.01.2022 For the 3rd time in five months the Reserve Bank of Australia has decided to reduce the official cash rate, this time to 0.75%, in a concentrated effort to boost the economy. A table is included showing how Australia's average mortgage sizes may be affected.

04.01.2022 The Reserve Bank has lowered interest rates from 0.75 per cent to a fresh record low of 0.5 per cent. The media release from the RBA stated that there are further signs of a pick-up in established housing markets, with prices rising in most markets, in some cases quite strongly. Mortgage loan commitments have also picked up, although demand for credit by investors remains subdued. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality. The next RBA interest rate announcement is scheduled for 5 March 2019.

03.01.2022 A bit of brightness in a difficult time: BEST DAY EVER for Dale and Kim This week, there were smiles all around when after a 12 month new family home search.... going through the highs & lows of auctions where sometimes they believed all of NSW was bidding against them ... this great couple signed the last loan documents to complete their new home search and head towards settlement ! ... Get that lawnmower ready Dale ! Congratulations !