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RBA Cash Rate Decision – February 2019

Today Governor Lowe and the reserve board met for the first time in 2019 for their February cash rate decision. That decision was to keep the cash rate on hold — but for the first time I suspect that that board meeting would have gone on longer than normal. And that’s because there has been some deterioration going on in the economy. I wanted...

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RBA Cash Rate Decision – December 2018

On this first Tuesday of December the Reserve Governor and the Board met as we enter the festive season, and they kept the cash rate on hold at 1.5%. I will come back to what's happening in the domestic economy, but first of all I want to talk more broadly about what's happening in the global economy. Most namely the biggest story of the last six...

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What’s APRA’s Next Move?

In this How-To Session we're going to explore what the potential move from APRA might be after the macro-prudential regulations they introduced in late 2014. Firstly, who is APRA? APRA stands for the Australian Prudential Regulatory Authority, and their job is to regulate the lenders who lend money out into the marketplace. Now, when you've go...

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What is a Family Pledge or Guarantor Loan?

What is a family pledge or guarantor loan? Well in simple terms, what we are saying is that parents or a family member can put up security to help a child buy a property. Now, why is this needed? In Australia, we do know that in the bigger cities, property prices are increasing more and more. And as they increase, it is becoming harder for the chil...

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RBA Rate Decision – June 2015

Hello, today the Governor and the Reserve Board met and they've kept interest rates on hold. Now this was widely anticipated. The facts are, at 2% cash rate, it is at historically low level and if we were to actually move rates further down which we do have capacity to do if you look at the minutes for May 2015 Cash Rate. They are saying that we...

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When Is the Best Time to Refinance Your Loan?

You’ve bought or invested in a home and are making regular mortgage payments. What happens when you want to adjust your repayment plan? Perhaps a step up in your salary has given you additional resources to pay off your balance in less time. Maybe an outside hardship requires you to refinance in order to improve your cash reserves or your loan mi...

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Is Now the Right Time to be Fixing your Loan?

So is now the right time to be fixing your home loan? One thing that I want to talk about today is to try and explain to you how fixed rates works versus how variable rates works. The first part of this story is, variable rates which is obviously the rates that we see changing when the RBA does their cash rate decision is what we set those variab...

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What could go Wrong at Unconditional?

A couple of things that could go wrong once a contract proceeds unconditionally is the finance. The Finance may not have been in place so there might be a couple of special conditions that the bank imposes that the clients weren't aware of at the time. Examples could be, they require you to pay out of Visa cards prior to settlement just to bring ...

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