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RBA Cash Rate June 2019: The Cash Rate Announcement We’ve All Been Waiting For

Today Governor Lowe and the Reserve Board met and, yes, we have a rate movement. That's right — a 25 basis point cut, bringing the cash rate down from 1.5% down to 1.25%. For all you data nuts, I'm going to give you a little bit of a backstory in regards to where the cash rate has been. So it is the first rate move of any rate movement since ...

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RBA Cash Rate Decision – April 2019

Today Governor Lowe and the Reserve Board met for their April board meeting and they kept the cash rate on hold at 1.5%. No surprises there in the lead up to an upcoming election — we’re only a month or so away from the Federal Election. I want to start looking globally first — so let's do around the grounds globally. The US market — so the...

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RBA Cash Rate Decision – March 2019

On the first Tuesday of March the Reserve Governor and the board met, and they kept the cash rate on hold once again. But certainly what a difference a month makes when it comes to what’s likely going to happen in the economy moving forward and what’s going to happen to the cash rate! In a minute, I want to talk more about what Bill Evans said ...

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What to Do When the Banks Say “No”

Been rejected by the bank? Need loan approval? Ben and Bryce's 5-page feature in Your Investment Property Magazine is a very timely yet timeless insight into what the banks REALLY look for when assessing your loan. With in excess of 3.5 million borrowing applications declined each year, the rise in loan rejections by banks is a very real possi...

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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 t...

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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 w...

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5 Golden Tips for getting Finance in this Changing Landscape

Today I want to talk to you about some tips on getting finance in the current environment because we know that the landscape has changed with APRA intervening 12 – 18 months ago to try and take some heat out of the property market. But it's still a very good time to be playing the long game and buying really great properties in the marketplace�...

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When you should and should not consider Interest Only Lending?

There's a lot of media noise out there at the moment around interest-only lending, so I thought it's important in this How To Session we talk about why we would and why we wouldn't use interest only lending options. So I want to start with why we wouldn't use interest only lending. Now, it's logical when you think about it — but we should never...

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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 got hi...

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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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Future of Mortgage Lending in Australia : Risk Profiling and Pricing

Hi Ben Kingsley here, I just want to talk to you about what's going to be the future of mortgage lending here in Australia. Now, before we talk about the future, let's think about what happened in the past. In the past, we used to see mortgages that are like this. We had standard variable rates, and those standard variable rates were the main rates...

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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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How to Use Investment Property to Pay Off your Home in 10 years

Owning your own home is something many of us aspire to, despite claims that home ownership is overrated. But let's face it, most of us will carry our mortgage for at least 25 years before we can get rid of it. Turn out you don't have to. In this Game Plan by Your Investment Property Magazine, Ben Kingsley and other experts lay out practical strateg...

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