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Tag Archive 'interest'

Smart home owners already know the benefits of paying more than the minimum repayment on their mortgage. And most experts agree that there has never been a better time to make additional repayments than right now. The concept is simple – pay a modest amount more than the minimum repayments and save bucket loads in […]

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Mortgage Health Check

With home loan interest rates steady at around 5 percent, now is a good time to give your home loan a health check to ensure you are not paying more than you should. When doing a mortgage health check, first consider your interest rate. It isn’t the only criteria for a good loan, but it […]

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Record Low Rates

  Most major and minor lenders have passed on a 0.25% cut to their mortgage rate following the latest Reserve Bank of Australia’s (RBA) board meeting. This equates to around $44 less per month on an average $300,000 home loan. The Reserve Bank slashed the nation’s cash rate to a record low of 2.5%. “In […]

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In the minutes of the monthly monetary policy meeting on April 5, the RBA said its board had noted that loan rates facing businesses and households were “a little above average levels”, thanks to earlier official rate increases.The RBA said that was appropriate, given the need to keep inflation consistent with the two to three […]

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Mortgage holders were given a boost today when the Reserve Bank decided to keep interest rates on hold.While the move is hardly a surprise, it will still be welcome news for people paying off a mortgage. Each 0.25 per cent interest rate rise adds another $60 to the monthly cost of an average Australian mortgage. […]

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  Low rental vacancy rates, rising rents, healthy immigration and robust competition between tenants are excellent market conditions for the one in seven Australian tax payers who own an investment property. On the flipside, it is a highly undesirable situation for tenants. Many have gone through or are in the process of inspecting rental property […]

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Reserve Bank Interest Rate Announcement

It was a case of steadying the ship as expected when the Reserve Bank met today and decided to keep interest rates on hold at 4.75 per cent.The move comes on the back of comments by the Reserve Bank Governor Glenn Stevens last month that rates would stay on hold in the near future. Each […]

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Interest rate pressure builds

January and February are usually the biggest months for banks to raise funds on global markets, but pricing for debt has skyrocketed since the end of last year. This does not bode well for home owners. Banks are likely to come under further pressure to continue raising interest rates — even if the Reserve Bank […]

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First-time property buyers in Australia are being put off investing by the threat of rising interest rates, it has been claimed.David Airey, president of the Real Estate Institute of Australia, said the prospect of higher rates is ‘frightening’ prospective buyers,” ABC News reported.The comments could encourage a number of Australians to compare home loans online […]

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Reserve Bank Interest Rate Announcement

After a surprise interest rate rise on Melbourne Cup day, the Reserve Bank has delivered mortgage holders some relief today by deciding to keep rates on hold until at least February.The decision comes on the back of economic data out last week showing that the growth in the Australian economy has fallen behind many of […]

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