RBA increases cash rate for second consecutive month, to 0.85%
The Reserve Bank of Australia (RBA) has increased the official cash rate by 50 basis points to 0.85%. How much extra should you expect to pay on your home loan? Today’s cash rate hike is the second in as many months, with the RBA last month increasing the official cash rate from a record-low 0.10% […]
Banks tighten lending, reducing the maximum you can borrow
Some of Australia’s biggest banks have tightened their mortgage lending criteria, meaning you might not be able to borrow as much from them. How might this affect your next purchase?
Is my employer paying me the right super?
Billions of dollars in super contributions go unpaid every year. Here’s how you can find out if you’re getting paid what you’re owed and what you can do if you’re not. A while back, a mate of mine posted on social media that she was owed over $10,000 in super from a former employer, who […]
RBA increases cash rate to 0.35% amid high inflation concerns
The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points to 0.35% amid high inflation concerns and has signalled more cash rate increases will likely follow.
What’s your debt-to-income ratio? And why do lenders care about it?
New data from the lending watchdog reveals almost one in four new mortgages are risky. How are they deemed risky? Well, it’s got something to do with your debt-to-income ratio, which we’ll explain in this week’s article.
It’s on! First home loan deposit schemes open for applications
If you’d like to buy your first home with just a 5% deposit and pay no lenders mortgage insurance (LMI), then you better act quick, as thousands of first home buyers are expected to rush to apply for the limited spots up for grabs.
Let technology do the heavy lifting with these helpful business and personal tools. Video and podcast Content exploded in 2020, with technology making it accessible for every business from corporates down to sole traders to create entertaining and informative videos. As long as the audio is clear, consumers no longer expect high-end production values. In […]
New year, new you: 3 quick and easy finance resolutions
Whenever we think of New Year’s resolutions, the first thing that comes to mind is a health kick. But here are three (easy) New Year’s resolutions that’ll help improve your financial wellbeing in 2021.
Be careful of loading up on ‘buy now, pay later’ purchases this Xmas
‘Tis the season to be jolly, but it’s important not to get carried away when using ‘buy now, pay later’ providers to fund that festive spirit. That’s because one-in-five users struggle to make their repayments, new research has found.
How to identify (and beat) your spending triggers
Are you buying more to perk yourself up? You aren’t alone. Since the start of COVID-19, there’s been an increase in online shoppingi. But, if you want to get a handle on your add-to-cart habit, understanding why you spend money can help bring your purchasing patterns in line with your financial goals. We often talk […]