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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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How the Federal Government is helping first home buyers
A new report, from Housing Australia, has revealed that about one in three of all first home buyers in the 2022-23 financial year used the federal government’s Housing Guarantee Scheme (HGS) and its three different assistance programs. Here’s what the typical participant looked like, according to Housing Australia: Meanwhile, Housing Australia is the name of […]
How interest rates have evolved over the past 18 months
The latest Reserve Bank of Australia (RBA) data has shown the impact the RBA's cash rate rises have had on the mortgage market. The key is to compare average interest rates for all outstanding loans in April 2022 – the month before the first rate rise – and August 2023 – the most recent month […]
Australians refinance more than $20 billion of loans
With lots of people coming off fixed rates right now, it’s no surprise that an enormous amount of refinancing is occurring, as borrowers look to switch to lower-rate loans. The latest Australian Bureau of Statistics (ABS) data has revealed that borrowers did $20.60 billion of refinancing in August – which was 3.9% lower than the […]
RBA leaves cash rate at 4.10%
The Reserve Bank of Australia (RBA) has left the cash rate at 4.10% for the fourth consecutive month, as many commentators had expected. While the RBA has said in the past few months that it may increase the cash rate in the future, many commentators believe that rates have now peaked. Inflation will be the […]
The ATO reminds property investors to take care with their tax returns
The Australian Taxation Office (ATO) has revealed it will have three key focus areas this tax time – one of which will be deductions claimed by property investors. The reason property investors are being targeted is that the ATO review found nine in ten property investors were filing faulty tax returns. Common errors included: As […]
Unit prices and rents heading north
Things are looking up for owners of units, whether owner-occupiers or investors. After the national median unit price fell for 10 consecutive months, it increased in both March (0.6%) and April (0.7%), according to CoreLogic. CoreLogic economist Kaytlin Ezzy said this could signify “the start of a slow recovery phase, with inflation seemingly moving past […]
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