Cash Rate
Your Borrowing Power Has Gone Down – Here’s Why
Summary Australians see a big drop in borrowing capacity, with a 32.58% decrease since 2020 and an 8.17% fall from last year, largely due to a rising RBA Cash Rate. Select lenders with low buffer rates (down to 2%) offer a glimmer of hope to boost borrowing capacity. A...
Read morefolderCategory: Borrowing Power, Buffer Rate, cash rate, News, Property Market
bookmarkTags: Borrowing power, buffer rate, cash rate, Serviceability
Refinance Now Or Wait: Is The Peak Of Interest Rate Increases Behind Us?
Refinancing can be a smart financial move for homeowners looking to save money in the long run or reduce their short-term living expenses. Despite the record numbers of mortgage holders who have already taken advantage of refinancing, many have yet to explore whether they could...
Read morefolderCategory: cash rate, Fixed Rate Loans, Property Market, Variable Rate Home Loans
bookmarkTags: fixed or variable, fixed rate loan, refinancing, variable rate loan
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,...
Read morefolderCategory: cash rate, News
bookmarkTags: cash rate, property market news, RBA interest rate