Author: Otto Dargan
High Interest Rates, Inflation, Financial Hardship: Here’s How You Can Prepare
The Reserve Bank of Australia (RBA) has begun raising its cash rate target, after more than a decade of low and falling cash rates. And the central bank anticipates several more rate hikes over the next two years. RBA Governor Philip Lowe says Australia’s cash rate will...
Read morefolderCategory: Financial Hardship, News, RBA cash rate
bookmarkTags: Financial Hardship, High Interest Rates, Inflation
ANZ: Housing Affordability Will Decline
The findings from the latest ANZ CoreLogic Housing Affordability Report found a deterioration in housing affordability due to rapid increases in house prices and rental costs. The report analysed housing affordability in the March 2022 quarter based on four metrics: Dwelling...
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Flood Relief Packages For 2022 | What Support Is Available?
The major banks in Australia have announced their financial relief packages for customers affected by significant flooding across southeast Queensland and parts of northern New South Wales. The following services are now available to customers whose finances the current floods...
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bookmarkTags: disaster relief package, flood relief package, lenders policies, relief measures for flood victims, relief schemes
2022 RBA Interest Rate Forecast: Bad News For The Property Market?
The Reserve Bank of Australia (RBA) is finally considering hiking its cash rate, for the first time in more than a decade. The RBA has pushed its cash rate to record lows since 2011. When COVID-19 hit Australia in 2020, the central bank set its interest rate at 0.1 per cent,...
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Regions, Smaller Capitals Surge As Sydney And Melbourne Slow
CoreLogic data revealed that the home value index was up 0.7% in March 2022. During the first quarter of this calendar year, dwelling prices in Australia rose 2.4%, adding about $17,000 to the value of a home. Within these national numbers, there was a notable split between the...
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bookmarkTags: Australian property market, property market update
Regional Home Guarantee | Buy In Regional Areas With A 5% Deposit
During the federal budget announcement, the government revealed it will expand its existing home buyer schemes and will introduce a new scheme for regional home buyers later this year. What Is The Regional Home Guarantee? The new Regional Home Guarantee will provide...
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bookmarkTags: first home loan deposit scheme, Home Guarantee Scheme, Regional Home Guarantee
Housing Values Edge 1.5% Higher, But Growth Is Easing
CoreLogic data shows housing values rose 1.5% in October 2021. However, Australia’s property market is slowly experiencing a loss from its peak monthly growth momentum of 2.8% in March 2021. Now, the growth rate is at 1.5%. Even though the monthly pace of growth is easing,...
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bookmarkTags: Australian property market, property market update
folderCategory: First Home Buyers
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What Is The RBA Cash Rate And How Does It Affect Your Mortgage?
Interest rates are on the rise. Home Loan Experts can help you save money in this difficult environment. Call 1300 889 743 or fill in our free assessment form to speak to one of our expert brokers today! close info Interest rates are on the rise....
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$500 Million Victorian Homebuyer Fund | Who Can Apply?
On 8 October, Premier Dan Andrews revealed a $500 million Victorian Homebuyer Fund (VHF) to help 3,000 aspiring home buyers purchase a property in the state. The biggest benefit of the scheme is that you can buy a home in Victoria with a deposit as low as 5%. The Victorian...
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bookmarkTags: government scheme, low deposit home loan, Victoria