XS Finance in Parkdale, Victoria, Australia | Mortgage brokers

XS Finance

Locality: Parkdale, Victoria, Australia

Phone: +61 416 020 361

Address: Victoria, Parkdale 3195 Parkdale, VIC, Australia

Website: http://xsfinance.com.au

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19.01.2022 DEPOSIT BOND BASICS | Don’t have ready or convenient access to your cash for your 10% home deposit? A deposit bond could be the smart solution. A deposit bond is a guarantee issued by an insurer, for the deposit required of up to 10% of the purchase price. Just like a cash deposit, a deposit bond guarantees your commitment to an unconditional contract of sale. Then, at settlement, you simply pay the full purchase price, including the deposit amount. Contact us to find out h...ow we can help! www.xsfinance.com.au See more

12.01.2022 In the lead up to the federal election the RBA has again decided to leave the official cash rate unchanged at 1.5%. I'd like to share some thoughts on why it has made this decision. Only twice before has the RBA elected to drop rates during an election campaign and on both those occasions the incumbent governing party lost the election. Despite inflation falling below its target range of 2-3%, continued falls in house prices, concerns around rising home loan arrears levels, a... borrowing squeeze in response to the Banking Royal Commission and slow wages growth it appears the RBA has elected to allow the federal election to run its course before intervening. With lenders continuing to review rates independently of the RBA, it is important to review your lending options regularly to ensure they remain the most suitable for your situation. There may be different rates available from our wide panel of lenders and I'm always available to ensure you have the right financial solution for your current and future circumstances.

07.01.2022 Predicting Australia's Property Market in Five Years? At the beginning of this year, many economists predicted property prices to continue to fall this year and not bounce back until 2020 or 2021. However, the latest Core Logic data shows that five out of eight capital cities showed a slight lift in housing price in July, supporting the case that the turnaround has begun early. At the self-professed risk of being wrong, REA Group’s Chief Economist, Nerida Conisbee makes fives... predictions for the market over the next five years. 1. Interest rates will remain low, but are going to creep up over the next five years. 2. We’ve hit the bottom of the market and house prices will see another surge. 3. Australian property will still be amongst the least affordable in the world. 4. Asian buyers are unlikely to return to investing in Australian property to the same extent. 5. An increase in migrants arriving from the UK, US and Hong Kong.

03.01.2022 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. Lenders continue to review rates independently of the RBA with some making reductions. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation. There may be different rates available from our wide panel of lenders and I'm always available to ensure you have the right financial solution for your current and future circumstances. If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch. www.xsfinance.com.au