Tom’s Take – June 2023 Welcome to our June 2023 newsletter. We will look provide updates on the current market and will have a look into Buyer’s Advocates. Interest Rate Update The RBA raised the cash rate by another 0.25% at its June meeting, taking the cash rate to 4.1%.…
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Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%. The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the…
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Are you one of the estimated 800,000 Australians soon coming off a low, fixed-rate home loan, meaning a higher, variable rate is in your near future? We speak to a couple who found themselves looking down the barrel of this situation, bringing with it significant levels of mortgage stress. A…
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Congrats to our May Winner – Madushika wins a $500 Good Guys gift voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank-you gift. This month’s winner is Madushika,…
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Congrats to our April Winner – Sean wins a $500 Bunnings voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank-you gift. This month’s winner is Sean, and he’s…
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Following ten consecutive rate rises, the Reserve Bank of Australia (RBA) today decided to hold the official cash rate at 3.60%. Today's decision was spurred by turmoil in global banking markets and the monthly CPI indicator showing local inflation had eased last month.
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Congrats to our March Winner – Andrew wins a $500 Bunnings voucher! We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank-you gift. This month’s winner is Andrew, and he’s…
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The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the tenth consecutive time, this time by 0.25% to 3.60%. Despite a slightly lower inflation figure of 7.4% in January, stronger than expected January retail sales have encouraged the RBA to remain on the increase…
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Tom’s Take – February 2023 Welcome to our February 2023 newsletter. We will look at interest rates, property prices and a look into the hidden costs of building your own home. Interest Rate Update The RBA has again decided to lift the cash rate by another 0.25% at its February…
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It’s the ultimate property conundrum – buy or rent? The answer is: it depends. Annoying, right? But don’t be discouraged. It’s not an impossible question to answer. It just means the key factors you need to consider – prices, rent, interest rates – are constantly shifting. It’s worth diving into…
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