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The Reserve Bank of Australia has announced an increase of 0.25% to Official Cash Rate. This increase by the RBA is considered to be a “Vote of Confidence” for the Australian Economy with all the signs indicating that Australia is well on it’s way out of the GFC (Global Financial Crisis). Read more

Over the last few months most borrowers have asked themselves the question “To Fix or Not to Fix”. 

Recent increases in Fixed Interest Rates and the fact that Variable Interest Rates remain at record lows have prompted many respected economists (e.g. Paul Clitheroe – Money Magazine) to suggest that if you haven’t changed yet you have probably left your run too late. Read more

Strong demand from first home buyers will generate green shoots of recovery for the wider property market in 2009-10, with prices tipped to rise by close to 20 per cent by 2012, a new report says. BIS Shrapnel’s Residential Property Prospects 2009-12, released today, says conditions are ripe for a sustained recovery in the residential markets, with low interest rates, solid rental growth and housing shortages evident in most areas. While BIS Shrapnel expects the first home buyer boom to ease at the end of the year it anticipates up-grader and investor activity to take over.  Read more

Many borrowers with Variable Interest Rate Home Loans are currently asking themselves whether or not they should change all or part of their Home Loan(s) to a Fixed Interest Rate. Read more

The window of opportunity to secure a low fixed rate home loan could have closed with the major banks now moving to bump up fixed term rates.Effective today, the Commonwealth Bank’s standard three year fixed rate home loan will rise by 40 basis points to 6.19 per cent while its five year rate will rise by 45 basis points to 6.84 per cent. Yesterday Westpac also moved to increase its fixed rate home loans with its three year rate rising by 40 basis points to 5.59 per cent.  Read more

The last major lender (St George Bank) offering No Deposit Home Loans to First Home Buyers has announced it will withdraw this loan product from the market on the 9th April 2009. This will significantly impact the ability for First Home Buyers to purchase their dream home. Read more

GE Money have announced that from the 1st March – 31 May the Deferred Administration Fees (Early Payout Penalties) will be waived on all GE Money Home Loans (excluding Wizard Home Loans). Read more