Tom’s Take – End of Year 2024 It has been an interesting year for the industry with steady interest rates, potential future rate reductions and mixed results with property value growth across all states. It’s seen plenty of buyers taking advantage of reduced competition and investors selling up (especially apartments)…
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The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting. The decision to keep the cash rate unchanged was widely expected at this meeting. Policymakers are likely taking into account the Consumer Price Index (CPI) sitting at 2.8%, which is within…
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Congrats to our December Winner — Merryn wins a $500 Good Guys 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 Merryn, and…
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With many Australian households finding cost of living pressures very real, in this edition we share some simple budget-conscious ideas that can help you save cash at Christmas time. If you or someone you know is really struggling to meet mortgage repayments, we take a close look at how to…
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Congrats to our November Winner — Robert 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 Robert, and they’ve…
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The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today’s meeting. The decision to keep the cash rate unchanged reflects a balance between domestic and global economic factors. Inflation in Australia is currently at a three-year low, with the Consumer Price Index (CPI)…
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Congrats to our October Winner — Darrell 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 Darrell, and they’ve…
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The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today’s meeting. August 2024 data shows unemployment rates steady at 4.2% but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50%…
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Congrats to our September Winner — Warren 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 Warren, and they’ve…
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Tom’s Take – August 2024 Welcome to our August newsletter with updates on the RBA cash rate, property growth and construction costs. Interest Rate Update The RBA held the cash rate at 4.35% in their August meeting, with inflation numbers persistent at slightly higher than forecasted levels. Inflation figures were…
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