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...

  You own your own home and you’ve been making steady progress paying it off, but the house is a bit tired. It’s time to renovate. You want to remodel the kitchen, add another bedroom or open up the living room. But after paying your bills and covering your living expenses, there’s...

  The double whammy of flat wages growth and rising living costs, most notably housing, has made saving money more difficult than ever for many Australians. Indeed, saving probably seems like a pipe dream to those of us struggling to make ends meet. But it’s not impossible and roughly three-quarters of Australians...

From all of us here at The Loan Room, we would like to wish you and your family a safe and happy festive season. We hope the coming year will be prosperous, successful and fulfilling. For all your loan needs, we are open throughout the holiday season, excluding public holidays. We...

  A proposal from the Australian Labor Party (ALP) aims to reform negative gearing, and News.com.au says that Aussies are conflicted on the issue. But what is negative gearing, and why are the proposed changes so controversial? What would change? To first cover the basics, negative gearing is when a homeowner takes out a...

  In a sweeping look at which streets are the best across the country, Realestate.com.au revealed the 10 most popular streets based on where users do the most searching. Six of the winners are in Victoria, making a case for the southern part of the nation. Here’s a look at their list,...

  Everyone looks forward to Christmas and the summer holiday season. After all, ‘tis the season to be jolly. To indulge in festive fare. To get out in the great outdoors and enjoy quality time with family and friends. But this year, it could also be the right time to buy...