RBA holds off from rate cut ahead of federal election The Reserve Bank board chose to leave the cash rate on hold at the historical low of 1.5% today, while a growing number of economists had forecast the bank to cut this month due to weak consumer prices, otherwise known as...

  Ever gotten to the end of the month and wondered where all the money from your pay check goes? Keeping a budget can help you track where your money is going, stay on top of your bills and debts, and direct your earnings towards your financial goals. Budgeting might sound restrictive,...

  With so many loan options and an increasingly complex market, it can be hard to pick the right loan for your needs. There are many different factors to consider when it comes to choosing loans. In this article, we outline the features you need to look out for when comparing...

[yotuwp type="videos" id="0SJ23dMFEbU" player="mode=large&controls=0&showinfo=0&rel=0&playing=0&playing_description=0&cc_load_policy=0&iv_load_policy=3"] In this recent video, Martin discusses debt consolidation. Commonly, customers might want to move their accumulated debt from credit cards, car loans, personal loans etc. into a single loan. This is often achieved by leveraging the equity in a mortgage. But the key is understanding how debt consolidation works and what this means for...

  Cash rate remains steady at 1.50% The Reserve Bank of Australia (RBA) has made its second cash rate announcement of the year. The rate will remain on hold at 1.5% as it has since August 2016, despite the building consensus that a cut is impending. CoreLogic head of research Tim Lawless said, “With the economy...

  When buying a property or land, you have to provide a cash deposit, normally up to 10% of the purchase price. This deposit is used to guarantee the commitment of the buyer to the contract of sale. If you are looking to buy, but do not have ready access to the...

  The Reserve Bank is content with keeping the cash rate on hold, in contrary to the busy mortgage market where a flurry of lenders have been recently lifting and cutting home loan interest rates. Cash rate inertia has continued with the Reserve Bank of Australia (RBA) holding the official cash rate at...

  A number of myths and misconceptions that keep coming up about mortgages.   1. IT DOESN'T MATTER IF YOU PAY YOUR LOAN MONTHLY OR FORTNIGHTLY False: A 30-year, $350,000 loan on a 4.74% interest rate, would equal monthly repayments of $1,823.66. If you paid half ($911.83) fortnightly, the loan term would be 25 years...

  The central bank has determined the cash rate for February, following its monthly board meeting. The Reserve Bank of Australia (RBA) has announced that it has held the official cash rate at a record-low of 1.5 per cent. All industry pundits surveyed on comparison website Finder.com.au’s panel predicted the hold verdict. However, in...

  Buying a home is an exciting time and you’ll quickly learn the steps and processes you’ll need to go through before you pick up the keys and move in. Pre-approval is one of the most important steps you’ll take, so knowing the basics will not only boost your confidence come auction...