Educate Me

How high will interest rates rise in 2023?

Experts are warning Australians to brace for more interest rate pain in the year ahead. After the Reserve Bank of Australia (RBA) increased the cash rate to 2.85 per cent in its Melbourne Cup Day meeting, the major banks have adjusted their forecasts for when…

Welcome to our November Newsletter

Household budgets are feeling the pinch of a seventh successive rate rise. The Reserve Bank of Australia (RBA) increased the cash rate to 2.85 per cent this month, prompting some lenders to increase their variable rates by 0.25 percentage points. Home values are predicted to…

8 tips to save and pay off your mortgage sooner

It’s no secret that paying off your home loan sooner can save you plenty. However, with cost-of-living pressures and rising interest rates, it can be hard to find extra cash. A series of small changes applied consistently over time could put you on track to…

Welcome to our October Newsletter

Household budgets are feeling the pinch of yet another rate rise. The Reserve Bank of Australia (RBA) increased the cash rate to 2.6 per cent, prompting some lenders to increase their variable rates by 0.25 percentage points.  Meanwhile, home values continued to fall across much…

Welcome to our September Newsletter

Spring is here and the mercury isn’t the only thing rising.  Borrowers are under more pressure with interest rates on the move again. The Reserve Bank of Australia (RBA) has increased the cash rate to 2.35 per cent, prompting some lenders to increase their variable…

What should I do when my fixed rate expires?

What should I do when my fixed rate expires? If you’re currently playing the waiting game wondering what will happen when your fixed rate term ends, we understand what a stressful time it might be. Fixed rate borrowers have been temporarily shielded from the Reserve…

Welcome to our August newsletter

Another month, another cash rate rise. The Reserve Bank of Australia (RBA) increased the cash rate to a six-year high of 1.85 per cent in August, prompting some lenders to increase their variable rates by 0.5 percentage points. Meanwhile, nationally home values are falling at…

Questions to ask your mortgage broker

In the wake of three consecutive cash rate rises, many aspiring homeowners and current mortgage holders have been left feeling uncertain. You may be concerned about whether the cash rate hikes have temporarily derailed your home ownership dreams. Perhaps you’re questioning how your current interest…

Welcome to our July Newsletter

For the third month in a row, the Reserve Bank of Australia (RBA) increased the cash rate in July to 1.35 per cent. Several lenders moved swiftly, passing on the latest RBA cash rate increase to borrowers. Meanwhile, property prices in some markets continue to fall….

Should you refinance now?

With millions of Australian homeowners likely to be slugged with higher mortgage repayments due to the cash rate hikes, there’s one question on everyone’s lips.  Is now a good time to refinance?  While it depends largely on your individual situation and goals, there are mounting…

Welcome to our June Newsletter

In what was the biggest one-off rate hike in 22 years, this month the Reserve Bank of Australia (RBA) increased the cash rate to 0.85 per cent in order to curb skyrocketing inflation.  Following the announcement, all of the big four banks passed on the rate increase in…

Understanding the cash rate increase

News of the Reserve Bank of Australia’s (RBA) decision to increase the official cash rate has left many homeowners feeling uncertain and worried. For some, it’s the first time they’ve experienced a cash rate rise. If you’ve been left scratching your head wondering what this…

Welcome to our May newsletter

This month, the Reserve Bank of Australia (RBA) increased the official cash rate for the first time in more than 11 years. The move is likely to have huge implications for the housing industry. For one, lenders have already been passing on the cash rate…

Welcome to our April newsletter

As the Easter eggs come off the shelves, some aspiring homeowners are shifting their focus from chocolate to securing a property during the busy Autumn buying season. If you’ve been struggling to break into the property market, it’s worth looking into the  government’s proposed $8.6…

How to compare home loans and features

Which home loan is right for you? How can you tell when there are so many different lenders, loan types and features available? It can be confusing, particularly if you are a first-time buyer. Fortunately, we’re here to help explain things, so let’s dive in….