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When it comes to finance, we believe knowledge is power! Our aim is to provide you with the most up-to-date news and information to help you make decisions about your own financial journey. Sometimes you just don't know what you don't know, so these articles can also provide a great starting point for you to start formulating the questions you need to ask us.
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Congratulations Mat Crossley
We’d like to take a moment to recognise and celebrate Mat Crossley's 10 year membership of the Mortgage & Finance Association of Australia. Established in 1980, the MFAA represents over 15,000 members and contributes to a healthy, competitive mortgage and finance industry through advocacy, education and business-building support. MFAA finance brokers operate within a professional Code […]
The Ultimate Guide to Finding a Trusted Removalist
Moving can be exciting but stressful, especially when you’re unsure how to find the right removalist to help with your big move. Whether you’re moving across town or to another state, one thing’s clear: you want a removalist you can trust with your belongings. The last thing you need is someone showing up late, damaging […]
Exciting news for First Home Buyers in Queensland!
The Miles Labor Government is making it easier for Queenslanders to buy their first home with new concessions on transfer duty! The threshold for the first homeowner concession has been increased by $200,000 to $700,000. This means eligible first home buyers can save up to $17,350 on a $700,000 property! Key Highlights: 📈 Examples of Savings: […]
Why interest rates have climbed
While interest rates have increased significantly over the past 18 months, this increase, thankfully, has been less than one might have expected, due to competition, according to the Reserve Bank. Between April 2022 and September 2023, the cash rate increased by 4.00 percentage points. However, banks increased their variable rates by, on average, only 3.32 […]
Property market keeps growing despite high interest rates
A new report from CoreLogic has found that median property prices increased in 82.4% of local markets in the three months to October, based on a sample of 4,506 suburbs across Australia. That included price increases in 83.1% of house markets and 80.6% of unit markets. Focusing just on house markets, prices increased in: CoreLogic's […]
The share of fixed-rate loans continues to fall
The great transition of the mortgage market, from having a heavy share of fixed-rate loans to now being dominated by variable-rate loans, has gathered pace, according to Reserve Bank data. During 2020 and 2021, when interest rates fell to record-low levels, enormous numbers of borrowers took out two-year and three-year fixed loans at very low […]
Borrowing increases as property market heats up
There's been a big rise in home loans activity over the course of the year, with investors leading the way. Between February and September, the total volume of mortgage commitments rose 9.5% to $25.0 billion, according to the latest data from the Australian Bureau of Statistics. Owner-occupied borrowing climbed 6.1% to $16.1 billion, while investor […]
RBA leaves cash rate unchanged at 4.35%
In its last monetary policy decision of the year, the Reserve Bank of Australia (RBA) left the cash rate on hold at today’s board meeting. The decision comes as new data from the Australian Bureau of Statistics showed annual inflation eased sharply from 5.6% to 4.9% in October as higher interest rates worked to cool […]
Deadline fast approaching for people who do their own taxes
The Australian Taxation office (ATO) has reminded taxpayers to lodge their taxes by the October 31 deadline or engage with a registered tax agent to avoid late lodgment penalties. If you have simple tax affairs, you can lodge online, often in under 30 minutes, through the myGov portal. Most of the information you need will […]
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