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Latest News

RBA … Rates on Hold

September 5, 2023 in Latest News

Following his final Board Meeting as RBA Governor, Philip Lowe has announced the Official Cash Rate will remain unchanged at 4.10% in September thanks to declining inflation figures, strong employment results and the economy operating at a high level of capacity utilization.

This is good news for Australian households 🙂

Gold Coast & Scenic Rim Home Owners …

August 23, 2023 in Insider Tips, Latest News
Today is the day conceptional words on white board

Just a quick note to remind you TODAY IS THE FINAL DAY to receive the discount for your Council Rates Bill if you own a property on the Gold Coast or Scenic Rim.

Don’t miss out and be forced to pay more than you need to.

Have a great day 😊  


RBA … Rates on hold

August 1, 2023 in Latest News

Good News …

The Reserve Bank Board has voted not to increase the Official Cash Rate this month. Home Owners across the country will be happy as this is the 2nd month in a row the RBA has retained rates at their current level and not increased our monthly loan repayments. Hopefully if inflation figures continue to fall the RBA will be able to continue to keep rates on hold.

Banks To End Refinance CashBack Offers …

May 29, 2023 in Insider Tips, Latest News

Banks Ending Offers to Pay $2,000 – $4,000 Refinance Cashbacks …

The banks offers to pay borrowers $2,000.00 – $4,000.00 to refinance their Home Loans & Investment Loans appears to be ending.

Several banks have recently removed their offers whilst other banks announced their Refinance Cashback offers will only be available for a few more weeks.

If you are considering refinancing your Home Loan / Investment Loan please do not hesitate to call or email me to discuss if this is financially beneficial for you.

Please Note: Not all banks offer Refinance Rebates and conditions apply.

RBA increases rates by 0.25%

March 7, 2023 in Latest News, Rate Rises

The Reserve Bank Board has announced today a further 0.25% increase to the Official Cash Rate.

Below is the Media Release from the RBA.

Media ReleaseStatement by Philip Lowe, Governor: Monetary Policy Decision

Number2023-07Date7 March 2023

At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.60 per cent. It also increased the interest rate on Exchange Settlement balances by 25 basis points to 3.50 per cent.

Global inflation remains very high. In headline terms it is moderating, although services price inflation remains elevated in many economies. It will be some time before inflation is back to target rates. The outlook for the global economy remains subdued, with below average growth expected this year and next.

The monthly CPI indicator suggests that inflation has peaked in Australia. Goods price inflation is expected to moderate over the months ahead due to both global developments and softer demand in Australia. Services price inflation remains high, with strong demand for some services over the summer. Rents are increasing at the fastest rate in some years, with vacancy rates low in many parts of the country. The central forecast is for inflation to decline this year and next, to be around 3 per cent in mid-2025. Medium-term inflation expectations remain well anchored, and it is important that this remains the case.

Growth in the Australian economy has slowed, with GDP increasing by 0.5 per cent in the December quarter and 2.7 per cent over the year. Growth over the next couple of years is expected to be below trend. Household consumption growth has slowed due to the tighter financial conditions and the outlook for housing construction has softened. In contrast, the outlook for business investment remains positive, with many businesses operating at a very high level of capacity utilisation.

The labour market remains very tight, although conditions have eased a little. The unemployment rate remains at close to a 50-year low. Employment fell in January, but this partly reflects changing seasonal patterns in labour hiring. Many firms continue to experience difficulty hiring workers, although some report a recent easing in labour shortages. As economic growth slows, unemployment is expected to increase.

Wages growth is continuing to pick up in response to the tight labour market and higher inflation. At the aggregate level, wages growth is still consistent with the inflation target and recent data suggest a lower risk of a cycle in which prices and wages chase one another. The Board, however, remains alert to the risk of a prices-wages spiral, given the limited spare capacity in the economy and the historically low rate of unemployment. Accordingly, it will continue to pay close attention to both the evolution of labour costs and the price-setting behaviour of firms.

The Board recognises that monetary policy operates with a lag and that the full effect of the cumulative increase in interest rates is yet to be felt in mortgage payments. There is uncertainty around the timing and extent of the slowdown in household spending. Some households have substantial savings buffers, but others are experiencing a painful squeeze on their budgets due to higher interest rates and the increase in the cost of living. Household balance sheets are also being affected by the decline in housing prices. Another source of uncertainty is how the global economy responds to the large and rapid increase in interest rates around the world. These uncertainties mean that there are a range of potential scenarios for the Australian economy.

The Board’s priority is to return inflation to target. High inflation makes life difficult for people and damages the functioning of the economy. And if high inflation were to become entrenched in people’s expectations, it would be very costly to reduce later, involving even higher interest rates and a larger rise in unemployment. The Board is seeking to return inflation to the 2–3 per cent target range while keeping the economy on an even keel, but the path to achieving a soft landing remains a narrow one.

The Board expects that further tightening of monetary policy will be needed to ensure that inflation returns to target and that this period of high inflation is only temporary. In assessing when and how much further interest rates need to increase, the Board will be paying close attention to developments in the global economy, trends in household spending and the outlook for inflation and the labour market. The Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that.

URGENT REMINDER … Property Owners on the Gold Coast & Scenic Rim

February 15, 2023 in Insider Tips, Latest News

Just a quick note to remind you TODAY IS THE FINAL DAY to receive the discount for your Council Rates Bill if you own a property on the Gold Coast or Scenic Rim.

Don’t miss out and be forced to pay more than you need to.

Have a great day 😊  

Reminder for Gold Coast & Scenic Rim Home Owners …

August 25, 2022 in Insider Tips, Latest News

TODAY is the FINAL DAY to receive the discount for your Property Rates Bill.

Why pay the Council more than you need to ???

RBA Rate Increase 0.50%

June 7, 2022 in Latest News, Rate Rises

The Reserve Bank has announced an increase of 0.50% for the Official Cash Rate.

This is the 2nd consecutive rate increase and was widely anticipated to be the RBA strategy to combat the inflationary pressures currently experienced in the Australian economy.

Senior Economists predict the RBA will be forced to announce further rate increases if the current high spending levels and rising prices continues.

Borrowers will be considering their interest rate options as the Variable Interest Rates offered by many banks are currently lower than Fixed Interest Rates … but how long will this last ???

If you wish to discuss your Home Loan please do not hesitate to call or click on “CONTACT US”.

RBA Increases Rates 0.25%

May 3, 2022 in Insider Tips, Latest News, Rate Rises

The Reserve Bank Board has increased the Official Cash Rate by 0.25%.

This marks the first rate increase by the RBA since November 2010 and was widely anticipated within the finance industry.

The speed to which the Australian economy is bouncing back following the cessation of COVID lockdowns and restrictions, combined with higher fuel prices incurred due to the war in Ukraine, have resulted in higher than expected inflation figures which has forced the RBA to act.

The “Big Question” is …

Will your bank pass on the 0.25% rate increase or take the opportunity to increase their profit margins with higher rate increases ???

If you are not happy with your bank’s response please do not hesitate to contact our Mortgage Specialists to discuss your options.

$25,000 Home Building Grant

June 4, 2020 in Latest News
Building or Renovating ???

The Prime Minister & Treasurer announced today a new “Home Builders Package” with a grant of $25,000.00 available for all eligible home owners (not just first home buyers) to build a new home or substantially renovate their existing home.

Listed below are the key eligibility criteria for the new Home Builders Package:

Eligibility Criteria

  • Must be an Australian Citizen over 18 years of age
  • Maximum income – Singles: $125,00.00 p.a. (Based on FY2019)
  • Maximum income – Couples: $200,000.00 p.a. (Based on FY2019)


  • Available to all home owners (i.e. not restricted to First Home Buyers)
  • Construction must be completed by a licenced builder
  • Market value of construction + land must not exceed $750,000
  • Not available for investment properties
  • Can be received in addition to the First Home Owners Grants
  • Can be received in addition to State based Home Building Grants
  • Building contract must be signed between 4/6/2020 – 31/12/2020
  • Works must commence within 3 months of contract date


  • Must be completed by a licenced builder
  • Must be renovations to owner occupied home (i.e. excludes investment properties)
  • Must be renovations to main residence (i.e. excludes pools, sheds, landscaping, etc)
  • Minimum $150,000.00
  • Maximum $750,000.00
  • Market value of home upon completion of renovations must not exceed $1.5M
  • Building contract must be signed between 4/6/2020 – 31/12/2020
  • Works must commence within 3 months of contract date

Below is the link to the Government Website confirming all the conditions and requirements