Coronavirus: Is Now The Right Time To Fix Your Home Loan?
The RBA cut the cash rate twice during March in an unprecedented move caused by the coronavirus (COVID-19) pandemic, bringing the cash rate down to 0.25%. As a result, home loan fixed rates are at an all-time low with one lender offering a 2.09% p.a. fixed rate (comparison...
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Will Your Income Be Affected By The Coronavirus?
How will coronavirus affect employment? A long period of low unemployment has left many Australians unprepared for a period of reduced income. As social distancing, work from home and potentially lockdowns affect Australia it’s likely that many people will not be able...
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Tips For Business Owners During The Coronavirus Outbreak
Will your business be affected? The economic impact of the coronavirus could be as bad, or worse, than the Global Financial Crisis that occurred in 2008. What are the possible impacts? Supply chain disruption. Forced closure due to a lockdown, yet still being required...
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Buying A Property During The Coronavirus Outbreak
Buy now or wait? Nobody can be sure what will happen with the Australian property market in the next year. What is likely is that the coronavirus will have significant economic impacts that will affect almost every industry. In the past, where unemployment rates have increased...
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Can I Refinance My Home Loan During The Coronavirus Outbreak?
It’s not just about health, the economy will suffer Governments around the world have been in a position to choose between the economy and health. Unfortunately, many have prioritised the economy and as a result, more drastic actions will need to be taken later. This...
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Coronavirus Plan For Your Family
We need to act now! It’s clear that the government’s response has been insufficient and that we’re going to face significant health, social and economic disasters. By acting now you can reduce the impact of coronavirus on your family and society. You should...
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Coronavirus Mortgage Relief Options In Australia
What is financial hardship? With the global coronavirus pandemic, banks and lenders are stepping up to assist customers who are affected financially. If you have a home loan, struggling to make repayments for a specific period of time is considered to be financial hardship. How...
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Property Market Update – February 2020
Properties Across Australia Reach Record High According to CoreLogic’s national Home Value Index released in March 2, 2020, housing values surged by 1.1%. This month has a significant increase as the values across five of Australia’s eight capital cities reaches a...
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Coronavirus Fears Puts Cash Rate To A Historic Low
The Reserve Bank of Australia (RBA) has decided to lower the cash rate by 25 basis points to 0.50%, and the biggest impetus for this decision was the global coronavirus outbreak. In the past, while small lenders and neo lenders were quick to pass on the rate cut, even major...
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Where To Buy Property In Each Capital City?
Total housing finance for the purchase of property had the highest monthly growth rate in over three years. It increased by 4.4% in December and signifies an additional $832 million borrowed for property purchases, according to the Australian Bureau of Statistics’ (ABS)...
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