House key in door
Your Money

The rise of digital home loans: Transforming Australia’s mortgage landscape

- February 8, 2024 2 MIN READ

In today’s ever-evolving financial landscape, the journey to homeownership is undergoing a significant transformation, particularly among Australians aged 25-49. A recent study conducted by YouGov has shed light on a remarkable trend: the surging popularity of digital home loans. Traditionally, Australians have relied heavily on mortgage brokers or direct bank applications for their home loans.… Read more »

Improve your borrowing power
Your Money

4 strategies to improve your borrowing power

- October 27, 2023 2 MIN READ

Borrowing power has plunged over $260,000 for some Australian families, trapping many mortgagees that can’t qualify for better rates, and hampering house hunter hopefuls. Lenders have been far more cautious in an effort to offset the risk of recession and higher rates that could impact long-term serviceability. Fixed rate borrowers who have just had their… Read more »

Increase your borrowing capacity with these tips
Your Money

How to boost your borrowing capacity as interest rates rise

- March 24, 2023 4 MIN READ

Yes, rising interest rates stealthily reduce your borrowing capacity. Fortunately there are a few simple things you can do to increase it. I’ve talked about this a few times over the last couple of months. Not only do rising interest rates increase loan repayments, they also reduce your borrowing capacity because the so-called “serviceability test”… Read more »

economists have been reassessing just how many more hikes are to come in this interest rate cycle.

How close is the peak of the interest rate cycle?

- October 14, 2022 4 MIN READ

As the dust has now settled after last week’s interest rate hike by the Reserve Bank, economists have been reassessing just how many more hikes are to come in this interest rate cycle. Three of the big four banks have revised their forecasts, after the lower than expected 0.25 per cent RBA October rate hike.… Read more »

RBA credibility

The RBA has started to rebuild its credibility

- June 10, 2022 3 MIN READ

This week the Reserve Bank (RBA) started to rebuild its credibility and get ahead of the inflation curve by lifting official interest rates by a higher than expected 0.5 per cent to 0.85 per cent… the biggest rate hike in 22 years. It follows well behind similar rate rises by Central Banks in the UK,… Read more »

Enough with the hysterical coverage about interest rates

Enough with the hysterical coverage about interest rates

- May 6, 2022 4 MIN READ

Let’s go through the facts and disprove some of the mistruths currently being sprouted by the media and politicians about interest rates. Yes, the Reserve Bank surprised everyone by raising official interest rates 0.25 per cent (instead of the expected 0.15 per cent) to 0.35 per cent. Yes, home loan monthly repayments will rise almost… Read more »

Interest rates will rise but by how much

When interest rates will rise and by how much?

- April 14, 2022 3 MIN READ

How much interest rates will rise is the big question and each of the big banks have a slightly different answer… but they all agree the first rate increase will be June. Westpac’s economic team is now predicting the cash rate hikes will start in June and hit 2 per cent by June the following… Read more »