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18.01.2022 Reserve Bank of Australia drops cash rate to 1.75% May 3, 2016 News... RBA-red-header Today, as the end of the financial year draws closer, the Reserve Bank of Australia has announced the outcome of its board meeting and it has decreased the cash rate by 25 basis points. The official cash rate is now 1.75%. In taking this decision it appears the Reserve Bank has reacted to concerns around the relative strength of the Australian Dollar and the impact this is having on exporters and tourism, talk of a slowing housing market and new data showing inflation has dropped below their target range of 2.5 3%. The market is speculating that lenders may not pass the decrease on in full, citing increased funding and regulatory costs. Therefore a fresh round of competition is likely to be sparked amongst lenders so it is a great time for us to review current finance arrangements. How does this impact the average mortgage holder? Here is a table showing how Australia’s average mortgage sizes may be affected: Loan amount examples Likely decrease in repayments $150,000 $31.25 per month $250,000 $52.08 per month $350,000 $72.91 per month $450,000 $93.75 per month $550,000 $114.58 per month $650,000 $135.41 per month

18.01.2022 http://www.brokernews.com.au//nonbanks-eclipse-majors-on-v

17.01.2022 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 infl...uenced 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. Get in touch today to make sure you are taking advantage of daily changes in the increasingly competitive mortgage market.

16.01.2022 Lending changes make property more attractive for SME owners Lending changes by Australia’s major banks could soon result in a surge of property purchases by small and medium-sized enterprise (SME) owners. Westpac this week announced they would increase their loan to value ratio (LVR) from 80% to 90% of a property’s value self-employed borrowers after the Commonwealth Bank announced similar changes earlier this year.... The last 12 months have also seen Westpac, CBA and St. George announce they would only require one year of financial records as income verification for self-employed borrowers. Previously they had required two years of financial records and tax returns. Joel Wyld, director of mortgage broker Peasy, said the lending changes indicate lenders’ perceptions of SME borrowers are evolving. In the past banks have viewed the SME demographic as risky despite many owners coming from strong corporate or trades backgrounds with a long successful working history in addition to strong equity in various investment classes, Wyld said. In the past, many SME owners have had to settle for low doc loans for a two year period which has deterred them from purchasing property, he said. While some of the lending changes have been in force for some time, Wyld said a large number of SME owners are unaware of the more lenient lending criteria and with more than two million SME owners across Australia it could provide brokers with an excellent opportunity to extend their client base. The time is now ripe for SME owners to capitalise on the new lending rules to secure either a dream home or business premises, he said. The number one piece of advice given to SME owners when applying for a property loan is to ensure financials are up-to-date. Inaccuracies in financial records and book keeping will delay the settlement process and could ultimately determine if the loan application is accepted or declined. Wyld said there has also been a growing trend towards establishing property trusts and partnerships using property as vehicle for SME owners, though he said while those structures have a place in the market, brokers need to be careful when assessing income of a business if multiple owners are involved and should recommend those involved seek legal advice. by Phil McCarroll - Australian Broker Publication

14.01.2022 5 Things you need to know when buying a car! http://www.thehippocket.com.au/5-things-need-know-buying-f/

13.01.2022 Switch Home Loans Ipswich....

12.01.2022 Switch Home Loans. Ipswich.

10.01.2022 RBA The first announcement for 2016 has just been released and we have the news for you hot off the press. The Reserve Bank of Australia has again decided to leave the official cash rate at 2.00%. This approach was predicted by many commentators as the Reserve Bank assesses the impact of the lower Australian dollar, falling fuel prices, a volatile share market and a slowing housing market. The lower Australian dollar and resultant increase in the cost of imported goods offset... cheaper petrol prices and saw a slightly unexpected increase in the latest CPI figures. In reaching the decision to leave rates unchanged it appears the RBA has balanced any future currency-driven inflationary threat out against the jittery share market and more cautious housing market. Even though the cash rate has remained unchanged, lenders are making daily changes to lending rates so it’s still wise for us to talk if we haven’t spoken in a while to ensure you’re still in the right finance solution. Get in touch today to make sure you are taking advantage of daily changes in the increasingly competitive mortgage market.