News

They say that when one door closes, another opens. But if you’re a renter in Australia right now, that mightn’t be the case. A more apt expression might be the one about being up a certain creek sans paddle. Vacancy rates across Australia have officially hit crisis level. Since May 2020, the number of homes...

The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 25 basis points to 2.60%. How much will this rate hike increase your monthly mortgage repayments, and when will it kick in? It’s hard to believe that at the beginning of May the cash rate was just 0.10%. Today it was...

Forget chickens and eggs and which came first. Bank accounts in 2022 are asking a far more pressing question: Which goes first—the expensive car, the boat, or the holiday house? It’s a question few asset-acquiring Australians predicted they’d have to answer so soon after investing, but with household costs rising steadily and interest rates following...

Another day, another warning from financial experts—this time pertaining to the shock jump in US inflation that could lead to steeper interest rate increases here in Australia. Wouldn’t it be nice if the news had a snooze button? Just ten more minutes without the threat of a global recession, please and thank you. But despite the...

The volatility of the last few years has taught us that there may never be ‘a right time’ to do anything. Whether it’s a once in a lifetime pandemic, rising interest rates, or the desire to catch a train in Sydney, something’s always bound to come up and thwart your plans. With inflation at a...

The Reserve Bank of Australia (RBA) has hiked the official cash rate by another 50 basis points to 2.35%. Here’s how much you can expect to pay on your mortgage going forward and how we could give you a helping hand. This is the fifth month in a row the RBA has increased the cash...

Though not entirely shocking, it still delivered a blow to many earlier this month—and no, we’re not talking about the news that Starburst has been discontinued in Australia. Citing inflation, a tight labour market with expected wage growth and the need for ‘well anchored’ medium term inflation expectations to remain, the RBA increased the cash...

Ask any builder how busy they are right now and they’ll tell you they’ve got more jobs than Scott Morrison gave himself during the pandemic. Detached housing approvals soared to all-time highs in 2021, creating a pipeline of construction projects extensive enough to sustain the industry for years even as demand for new housing begins...

Thinking about refinancing? As interest rates rise, so do the hurdles you need to clear. Here’s why you might want to look at refinancing soon to avoid potentially missing out. When was the last time you refinanced? If the answer is “never”, or you can’t actually remember, there’s a good chance you’re paying a higher...

This year, many things have happened that weren’t on our 2022 bingo cards. An Oscars slap that stopped the world, a year’s worth of rainfall in a week, and an $11 price tag on an iceberg lettuce all knocked us for six. But just as we were starting to get used to the unexpected, the...