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23.01.2022 Cash rate remains at 1.50% The Reserve Bank of Australia (RBA) has elected to leave the cash rate unchanged at 1.50% for another month. Governor Philip Lowe had this to say in his official statement: The adjustment in the Sydney and Melbourne housing markets is continuing,after the earlier large run-up in prices. Conditions remain soft in both markets and rent inflation remains low. Credit conditions for some borrowers have tightened a little further over the past year or so.... At the same time, the demand for credit by investors in the housing market has slowed noticeably as the dynamics of the housing market have changed. Growth in credit extended to owner-occupiers has eased further. Mortgage rates remain low and there is strong competition for borrowers of high credit quality. The low level of interest rates is continuing to support the Australian economy. What does this mean for you? Despite the cash rate staying at 1.50%, lenders have elected to move rates independently. If you have any questions around the latest RBA announcement, or about home loans in general, please get in touch!

14.01.2022 A week after the first of the big four banks moved out of cycle from the official cash rate and increased costs for borrowers the Reserve Bank of Australia (RBA) has kept the cash rate on hold at 1.50%. Governor Philip Lowe had this to say in his official statement: Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low. Housing credit growth has declined to an annual rate of 5 per cent. This is lar...gely due to reduced demand by investors as the dynamics of the housing market have changed. Lending standards are also tighter than they were a few years ago, partly reflecting APRA’s earlier supervisory measures to help contain the build-up of risk in household balance sheets. There is competition for borrowers of high credit quality. The low level of interest rates is continuing to support the Australian economy. Further progress in reducing unemployment and having inflation return to target is expected, although this progress is likely to be gradual. Taking account of the available information, the Board judged that holding the stance of monetary policy unchanged at this meeting would be consistent with sustainable growth in the economy and achieving the inflation target over time. What does this mean for you? As the cash rate stands still at 1.50%, there have been a number of lenders including four of Australian’s biggest lenders who’ve changed their interest rates at their own discretion. Over the next few months make sure you keep an eye on any rate movement, and consider whether your current loan is still right for you See more

07.01.2022 Property prices in QLD still going up. Sunshine Coast - we're smashing it!

01.01.2022 The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at a record-low 1.50%. Governor Philip Lowe had this to say in his official statement: The latest inflation data were in line with the Bank’s expectations. Over the past year, the CPI increased by 2.1 per cent, and in underlying terms, inflation was close to 2 per cent. The central forecast is for inflation to be higher in 2019 and 2020 than it is currently. In the interim, once-off declines in some adminis...tered prices in the September quarter are expected to result in headline inflation in 2018 being a little lower than earlier expected, at 1 per cent. Conditions in the Sydney and Melbourne housing markets have continued to ease and nationwide measures of rent inflation remain low. Housing credit growth has declined to an annual rate of 5 per cent. This is largely due to reduced demand by investors as the dynamics of the housing market have changed. Lending standards are also tighter than they were a few years ago, partly reflecting APRA’s earlier supervisory measures to help contain the build-up of risk in household balance sheets. There is competition for borrowers of high credit quality. What does this mean for you? As the cash rate stands still at 1.50%, there have been a number of lenders including four of Australian’s biggest lenders who’ve changed their interest rates at their own discretion. Over the next few months make sure you keep an eye on any rate movement, and consider whether your current loan is still right for you. See more