After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35% in response to increasing inflation pressures. The latest inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates was in November [...]
Australians love investing in property, and it's no wonder why. Property investment helps you grow your wealth through capital growth and provides additional income via rental returns. So, what can we learn from the people who do it well? Let’s take a look at some of the traits of successful property investors. They are proactive [...]
Buying off the plan could be a good way for some people to get into the market. For one, it may allow you to lock in your property's purchase price sooner rather than later. With prices on the move upwards in many markets, this could equate to huge savings in your back pocket. However, there [...]
Summer has arrived and not only is the weather heating up – so is the property market! Property volumes are continuing to surge, with plenty of new listings going up in areas previously affected by lockdowns such as Sydney, Melbourne and Canberra. Meanwhile, Australian property values are seeing a slowdown in the monthly rate of [...]
The Reserve Bank of Australia (RBA) has decided to leave the cash rate on hold at the historically low level of 0.10%. RBA Governor Philip Lowe had previously indicated the cash rate would not increase until actual inflation is within the 2 to 3 per cent target range, which is unlikely to happen before 2024. Recently, [...]
Australian housing values continued their upward trajectory in July, rising another 1.6%, despite lockdowns in many parts of the country. This brings national housing values up a staggering 16.1% over the past year. But some experts say there are signs that the market may be losing some momentum. Interest rate news The Reserve Bank of [...]
Have you ever put your discarded green onion ends into a cup of water? The roots grow, the green stalk returns, and soon enough the plant will shoot up and you'll have a whole new green onion to use again - for free. This is just one way to give compost scraps a second life [...]
Aspiring to become a homeowner is one thing, actually planning how you're going to pull it off is another, especially in Australia's record hot property market. Fortunately, there are some new government initiatives to help you achieve your home ownership goals— possibly sooner than expected. 1. First Home Loan Deposit Scheme (FHLDS) expansion and increased price caps [...]
There are 13 million credit cards in circulation in Australia with an average balance of $2,899 per card, according to research from Finder.com.au. Nearly 70% of Australians have a credit card, but how many know how credit cards can affect your loan eligibility? Why do banks review your credit cards? When applying for a loan, [...]
The Australian property market continues to break records with national dwelling values reaching a peak in FY21 that hasn't been seen since April 2004. If you are keen to get a foothold in the market, hang in there. Some experts say some of the heat may be coming out of the market. Interest rate news [...]
