Latest News & Updates

What do I need to know about debt consolidation?

Posted in: Finance, Home Loans, Loan Hub, Property Investment | February 15, 2021 at 4:11 pm , by Urbantech

Not to confuse it with debt elimination. If you’re swamped with credit card debt and personal loans, it can sometimes help to talk to a professional about debt consolidation. However, you need to be wary. You might end up paying more in the long term and/or reduce the equity in...

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The RBA’s interest rate statement for February 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | February 2, 2021 at 9:54 pm , by Urbantech

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At its meeting today, the RBA Board decided to leave the cash rate unchanged at 0.10 per cent. Statement by RBA’s Philip Lowe: At its meeting today, the Board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond,...

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When would I refinance my mortgage?

Posted in: Finance, Home Loans, Loan Hub, Property Investment | January 25, 2021 at 3:58 pm , by Urbantech

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Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia...

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The RBA’s interest rate statement for December 2020

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | December 1, 2020 at 2:06 pm , by Urbantech

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At its meeting today, the RBA Board decided to leave the cash rate unchanged at 0.10 per cent. Statement by RBA’s Philip Lowe: At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on...

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How COVID-19 has impacted on Australia’s property market

Posted in: Home Loans, Loan Hub, Property Investment | December 1, 2020 at 1:53 pm , by Urbantech

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The RBA’s September announcement that the interest rate remains unchanged comes as no surprise. After all, RBA Governor Philip Lowe told parliament last month that he expects the current record low 0.25% interest rate to stay in place for three years. Low rates have long-term implications, but in the meantime,...

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Low rates, high risk? Is it time for first home buyers to enter the market?

Posted in: Finance, Home Loans, Loan Hub | November 4, 2020 at 11:48 am , by Urbantech

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With record low interest rates, a flattening housing market and repeated assertions from RBA governor Philip Lowe that a rates rise is not on the horizon, this may be the right time for first home buyers to strike. Following the August Reserve Bank (RBA) meeting, interest rates remain at 0.25%...

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The RBA’s interest rate statement for November 2020

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | November 3, 2020 at 2:19 pm , by Urbantech

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At its meeting today, the RBA Board decided to lower the cash rate by 15 basis points to 0.10 per cent. Statement by RBA’s Philip Lowe: At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy...

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Now you own your data: the new world of ‘open banking’ explained

Posted in: Finance, Home Loans, Loan Hub | October 27, 2020 at 11:35 am , by Urbantech

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The promise of open banking is big; a new, simpler way to share your personal financial data between banks, lenders and financial companies. It started on July 1. Here’s how it works and what it means to take back control of your data to get the best rates and offers....

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Remember the banking royal commission? Changes are coming your way

Posted in: Finance, Loan Hub | October 26, 2020 at 3:36 pm , by Urbantech

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Had it not been for COVID-19, a number of royal commission-led changes to the banking and finance industry would already have been in place – with more to come in December. Here’s what that means for brokers and for you. In May, Treasurer Josh Frydenberg made an important announcement to...

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Back in Action: How long-term low interest rates could benefit your business

Posted in: Finance, Home Loans, Loan Hub | October 22, 2020 at 2:11 pm , by Urbantech

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In late June, during an online panel discussion hosted by ANU’s Crawford School of Public Policy, RBA Governor Philip Lowe said what many had already assumed: “I think it’s likely we’re going to see interest rates at their current level for years”. So it was no surprise that rates have...

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