RBA has Cut Interest Rates to Record Low 0.1% – How This Affects You
On Tuesday, 3rd November 2020, the Reserve Bank of Australia (‘RBA’) cut interest rates from the previous record low of 0.25% to a historically low 0.1%. This has been done in hopes to help the country recover economically by supporting household spending through lower interest costs for borrowers. Whether you are a homeowner paying off […]
Perth’s Rental Vacancy Rate at its Lowest in 12 Years
According to the latest data from Real Estate Institute of Australia (REIWA), Perth’s rental vacancy rate has dropped to 1.6%, which is the lowest it has been since March 2008*. For the past 21 months the vacancy rate has remained around 3%*, which is a good balance of supply and demand, according to REIWA President […]
It’s Time to Refinance with these Low Interest Rates
Refinancing can offer numerous benefits, whether you’re chasing lower repayments, or you want to tap into your existing equity to renovate your existing home or start a share portfolio. Whatever your reasons, there are some things you need to be aware of before you enter into a new contract. A Lower Interest Rate Doesn’t Mean […]
Family Guarantors – What’s Involved and How Can It Benefit Your Kids
For some young individuals, saving for a home loan deposit to purchase their first home is an almost impossible dream. By acting as a guarantor, you may be able to help your kids get into their first home sooner so you can finally enjoy the whole house to yourself. What’s does it mean to be […]
Keys to Saving for a Home Deposit
It’ll take more than giving up your Netflix subscription or those daily coffee runs to save for a home deposit but knowing what your spending your money on is crucial to successfully growing your savings account. KNOW Where Your Money is Going With cashless payments, credit cards and AfterPay, it’s very easy to lose track […]