4 New Year’s resolutions for financial fitness
As the sun rises on January 1, many Australians will be getting started on their new year’s pacts. The gym will be full of determined resolution keepers; the pavement pounded by brand-new sneakers. But what about shaping up your finances? There’s no denying 2022 was a tough year for many mortgage holders – with eight rate rises since the start of May – and unfortunately 2023 is tipped to bring more rate increases. But by kicking off the year with a few tweaks to your budget a
Seasons greetings! Here’s to a happy and prosperous 2023
End-of-year festivities have snuck up on us! Wishing you and yours a swell Noel and a wonderful new year. It’s time to dust off that kitsch Christmas t-shirt, deck the halls, and give Bing Crosby a spin. We hope you have the happiest of holidays and a cracking 2023. As we all bid adieu to 2022, it’s a great time to reflect on the year past. And to dream up plans for the year ahead. This year had a few challenges for us all (hello rate rises). So we hope you get to enjoy some
First home buyer numbers have halved: is it time to swoop in?
Repeated cash rate hikes have put many first home buyer plans on hold. So could you swoop in and reap the benefits with less competition in the market? In case you missed it, from May to December the RBA lifted the cash rate from 0.10% to 3.10%. This has no doubt hit many mortgage holders hard, but it’s also pumped the brakes on the number of first home buyers looking to enter the property market. In fact, current Australian Bureau of Statistics data shows that the number of
Are we there yet? RBA hikes cash rate for eighth straight month to 3.10%
The Reserve Bank of Australia (RBA) has driven the cash rate up by another 25 basis points to 3.10%. Find out how much this final cash rate hike of the year has increased your mortgage repayments in 2022, and what you can expect in 2023. The good news? This is it. You can head into the summer holidays knowing this is the last rate rise until at least February when the RBA board will meet again (thankfully they take January off!). The cash rate now sits at 3.10% following eigh
Where there’s a will (and genuine savings), there’s a way
Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan. Having genuine savings can help show lenders you’ve got what it takes to meet mortgage repayments. With many older Australians having accumulated a decent amount of wealth throughout their years, it’s not uncommon for some of their younger family members to receive a leg-up into the property market when they pass away. But an inheritance alone won’t alwa
