Is Now the Right Time to Refinance Your Home Loan? Australia’s borrowers have a reprieve as the RBA holds the cash rate steady in April 2025. With one decrease in the last 15 months since a .25% increase, the cash rate is what it was in June 2023 at 4.1%. Inflation has fallen substantially since…
Are You Being Penalised For Sticking With Your Lender, paying lazy tax? From electricity bills to phone plans, car insurance through to home loans, sticking with the same provider year after year could mean you’re paying “lazy tax”. Lazy tax is the penalty many consumers and homeowners are paying as a result of being complacent,…
Artificial Intelligence and Financial Scams: Protecting Your Finances AI has the potential to boost productivity, healthcare, and education, but it also brings new challenges and sophisticated financial scams. The first step towards keeping our finances safe is understanding the ways in which AI is being exploited. How AI is being used in financial scams Technology…
When is The Right Time to Refinance? Australian homeowners will be closely watching as the Reserve Bank of Australia (RBA) meets early May 2024 to decide on monetary policy. Following the RBA’s recent decision to hold the cash rate at 4.35 percent in March, some economists believe no rate change is likely. With homeowners facing the…
Book Your Home Loan Review As your biggest expense, keeping track of your home loan and any changes to the market or your situation makes good financial sense. An annual home loan review could lead to significant savings, give you access to better home loan features, or let you tap into your home’s equity to…
When to Refinance Your Mortgage Refinancing your mortgage could help you secure better interest rates, reduce the term of your loan, and even strengthen your overall financial position. Deciding when to refinance depends on several factors and there are many instances where property owners refinance for reasons other than just the interest rate. Take a…
As house prices across Australia continue to soar, more first home buyers are getting financial support from their parents. So much so that the Bank of Mum and Dad has been named the ninth largest mortgage lender in Australia. And with average financial contributions at just under $90,000, the amounts parents are contributing are not…