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Lowering the stress test for all refinancers

Forget having to visit the doctor to test if your heart can endure high stress—just order a coffee and croissant in a Sydney café and take note of the total. With the cost-of-living skyrocketing, inflation at 7%, and rates rising 3.75% in a year, Australians are undergoing stress tests every day, with seemingly no relief...

Homeowners brace as RBA raises cash rate to 3.85%

The Reserve Bank of Australia (RBA) has increased the official cash rate for the 11th time in the past year, taking it to 3.85%. Have we finally reached the peak of this cycle? And how much will this latest rate hike increase your monthly repayments? In what will undoubtedly be tough news for many households...

Property listings and prices are bouncing back

As property prices start to climb, listings are following suit. So if you’re hunting for a home, what does this mean for you? If you’ve been looking at the property market over the last six to 12 months, you probably already know that while property prices have dropped, it’s been a case of slim pickings...

What is the fixed-rate cliff and how can refinancing help?

You’ve probably heard the term “fixed-rate cliff” bandied about in finance news feeds. But what is it? And if you’re about to head over it, how can you prepare for a soft landing? A staggering 880,000 fixed-rate loans are set to end this year, and when they do, many Australian households will be facing significantly higher...

Has Sydney’s housing market bottomed?

Everyone’s rock bottom is different. Some, for instance, consider eating a bag of Smarties in bed for dinner on a Thursday while re-watching season 10 of Below Deck to be a sign of success. For others, socks and sandals unite as evidence of elite status. But when it comes to Sydney’s property market, some economists...

Clearance rates in Sydney are U-Turning

Six months ago, Sydney recorded an auction clearance rate of 55% amidst a fall in property values and a rise in interest rates. Last week, that number rose to 90% in the Hills district and around 80% in the Eastern Suburbs. How and why? In the wise words of Usher, ‘it’s called the U-Turn.’ Though...

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