The RBA’s September announcement that the interest rate remains unchanged comes as no surprise. After all, RBA Governor Philip Lowe told parliament last month that he expects the current record low 0.25% interest rate to stay in place for three years. Low rates have long-term implications, but in the meantime, let’s…
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Are you someone who is always chasing for the “lowest possible rate”? Are you someone who is upset because you’re not getting the sharpest rate ever on market? Well, there are various reasons on why you may not be eligible for that “sharpest rate”. That’s why today I want to share…
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A quick snapshot for everyone to show how much lenders are passing on the June, July and October RBA cash rate drop and when are they going to pass this onto their customers! Also interesting enough – here’s how much each lenders have passed in total, which gives you a good…
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You walked past a bank and saw the promotional ad hanging outside the window and you thought to yourself – wow that’s one attractive interest rate! But is it really saving you the most? That’s where Comparison Rate comes into play. One of the most common mistakes people make when choosing…
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When you’re looking for a home loan, you could go to a mortgage broker or to a bank. While a bank will only offer you its own products, a mortgage broker is an industry expert who will take the guesswork out of finding the mortgage or finance product that suits you…
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Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to it than just finding a loan with a lower interest rate and making the change. Before making the switch, ensure the savings you could make outweigh…
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One of the most common questions I get asked by our clients is “are non-bank lenders safe to go with?”. Based on this, there seem to be quite a lack of understanding/knowledge on non-bank lenders so I thought this article from Pepper covers quite a number of common myths including: 1….
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The 2017 Budget had a strong focus on housing supply and affordability. This year, housing took a back seat with no new, direct measures for first homebuyers or renters. However, some of the changes will likely have an indirect effect on both the residential and commercial sectors. Stable interest rates Homebuyers…
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Hey guys! You may have noticed that with my property stories I have been including a snippet of yield/cashflow calculator analysis. This is the tool I want to cover today as it’s a very handy little tool to help me determine the offer price, yield as well as forecasting cashflow when the…
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As investors, we always ask ourselves whether the next step is to purchase a Capital Gain (CG) focused or Cashflow focused property to add to the portfolio. I was no exception, and having gone through purchasing 7 properties now I thought I could share some of my own experiences in this…
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