New Life Funding in Green Valley, New South Wales, Australia | Financial service

New Life Funding

Locality: Green Valley, New South Wales, Australia

Phone: +61 433 911 309

Add/Update information

Reviews

Tags

• Financial service
• Loan service

13.01.2022 https://www.youtube.com/watch

11.01.2022 While the housing recovery is a positive sign for the economy, high investor activity may pose a threat in future At the moment, the Reserve Bank of Australia faces a balancing act. On the one hand there are signs the rate cuts over the last couple of years have got traction, particularly in the housing sector. Against that, there is still a lot of uncertainty about how quickly the mining investment slowdown will occur and whether the rest of the economy will be strong enou...Continue reading

10.01.2022 When is the RBA likely to raise rates Earlier this week, news headlines read that the Reserve Bank of Australia (RBA) was puzzled as to why inflation rose when economic growth was below typical trend levels. You are probably wondering, what hope do I have in trying to work out the answers if the heads of the RBA are unclear? Reports about the economy may present you with reasons, however as a home owner or investor you simply want to know two things; 1) when is the RBA like...ly to raise rates and 2) how this could affect your hip pocket. We know that a period of low interest rates relieves mortgage stress and gives smart Australians an opportunity to pay down non-deductible debt, which ultimately means you end up paying less out of your own pocket. More importantly, you create a bigger buffer between you and your bank. But the downside to a long period of low rates is that the masses tend to do the opposite by borrowing and spending more. Eventually when rates rise their incomes may not match expenses and so they could find themselves in real trouble and at the mercy of the banks. For both groups it’s important to be prepared for an interest rate hike as history shows that typically rates do not stay on hold for longer than 12 months, which means we are due for a rise in July. Further to this, I suggest that you look 12 months out, use one of the many online mortgage calculators, and assume rates jumped by 1.0 or 1.5 per cent over that time. Would this rise burn a big hole in your hip pocket? So what do we expect in the market? The Australian market has moved up over the holiday period on low trading volumes as many of the big players took a break. The rise saw the All Ordinaries Index close just above 5500 points on Wednesday. Given this, probability indicates that the market will rise into early or mid-May to the target zone between 5600 and 5800 points. Investors need to remember that typically the market will peak in this period as shares are sold off before the end of the financial year. It is a time when you may receive emails from your broker reminding you to sell shares so as to offset losses against gains. Whilst this may be profitable for the industry I believe it is teaching investors bad habits as decisions should be made throughout the year to manage risk. - See more at: http://www.21stcenturynews.com.au/rba-raise-rates/

10.01.2022 July 2019 The cash rate has hit an all-time low! The Reserve Bank of Australia (RBA) has cut the official cash rate by 25 basis points to a new low of 1 per cent, the second consecutive month it has cut rates. In the official statement released by the RBA, it was stated that this decision is to support... employment growth and provide greater confidence that inflation will remain consistent with the medium-term target. But what does that mean for the housing and credit sectors? Governor Philip Lowe had this to say: Conditions in most housing markets remain soft, although there are some tentative signs that prices are now stabilising in Sydney and Melbourne. Growth in housing credit has also stabilised recently. Demand for credit by investors continues to be subdued and credit conditions, especially for small and medium-sized businesses, remain tight. Mortgage rates are at record lows and there is strong competition for borrowers of high credit quality. Today’s decision to lower the cash rate will help make further inroads into the spare capacity in the economy. It will assist with faster progress in reducing unemployment and achieve more assured progress towards the inflation target. The Board will continue to monitor developments in the labour market closely and adjust monetary policy if needed to support sustainable growth in the economy and the achievement of the inflation target over time. The cash rate drop has prompted one big question - will the banks pass on the reduction? To find out, get in touch and discover whether you can now save on your current or future loan. See more