Latest News & Updates

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

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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As low as it could go: is now the moment to fix your mortgage rate?

Posted in: Finance, Home Loans, Loan Hub | October 21, 2020 at 11:55 am , by Urbantech

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Australia’s cash rate is now the lowest it has been in 23 years, a reaction initially to stunted economic growth and now to the impact of COVID-19 on the local and global economic landscape. As the uncharted negative interest rate zone looms, is it worth fixing your rate? Here’s what...

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Getting what you need to get ahead: asset finance explained

Posted in: Business Loans, Finance, Loan Hub | October 20, 2020 at 11:52 am , by Urbantech

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In business, growth is often the goal. But for many businesses, expansion means needing new equipment, vehicles, machinery or technology – and that all costs money. Asset finance can help reduce the initial outlay, while your business gets what it needs to scale. Here are some key things to consider...

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Future focused: apps and tools to track your finances

Posted in: Finance, Home Loans, Loan Hub | October 20, 2020 at 11:36 am , by Urbantech

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It’s never a bad idea to have a little help managing your money – and when you’ve got monthly mortgage repayments to make, balancing the books is extra important. There’s a great range of apps and tools designed to help you budget, save and track your finances. And we’ve put...

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The RBA’s interest rate statement for October 2020

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | October 6, 2020 at 7:01 pm , by Urbantech

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At its meeting today, the RBA Board decided to leave the cash rate unchanged at 0.25 per cent. Statement by RBA’s Philip Lowe: At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate, the yield on 3-year Australian Government bonds,...

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Loans to help your business move forward!

Posted in: Business Loans, Finance | October 2, 2020 at 7:43 pm , by Urbantech

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Grow your business with an Unsecured Business Loan… Getting a business loan use to be a long and complex process. Applying through a traditional bank meant providing a mountain of paperwork, including a detailed business plan. And you’d still have little chance of being approved – remarkably recent research shows...

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