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Serviceability buffer and what does it mean?
1 August 2023
In these times of greater cost of living pressures coupled with higher interest rates, those looking to obtain housing finance or refinance their existing loan can face a stricter test from lenders to secure that mortgage. Lenders are required to examine a borrower’s ability to repay a loan at a
Read morePROPERTY INVESTORS EXITING THE MARKET
26 July 2023
The number of property investors exiting the property market is increasing. A combination of factors is contributing to this trend, including: Massive interest rate increases over the last 12 months Onerous tenancy laws Increase in property land taxes Low rental returns (%) Holding cost inflation such as insurances, rates, etc
Read moreNew Era for the Reserve Bank
25 July 2023
Changes are afoot at the Reserve Bank of Australia (RBA) with the federal government appointing Michele Bullock as the RBA’s first female Governor. The current RBA Deputy Governor has been tasked with implementing a raft of changes to the central bank’s operations which will be important to all brokers. She
Read moreSaving tips: Creating an effective budget for FY24
11 July 2023
With the new financial year looking to be another challenging period of cost-of-living pressures and higher interest rates, a finance broker can show you how to manage your budget more effectively. You will be amazed how much can be saved in a relatively short time. Whether your goal for the
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