Category Archives: Home Loans

The RBA’s interest rate statement for August 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | August 3, 2021 at 2:45 pm , by Urbantech

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 cash rate target at 10 basis points and the interest rate on Exchange Settlement balances of zero...

How to speed up your home loan approval

Posted in: Finance, Home Loans, Loan Hub | July 30, 2021 at 2:50 pm , by Urbantech

Asking how long it takes to get a loan approved is like asking how long a piece of string is. Every application is unique, so the time between your first contact with your bank or broker and approval can never be predetermined. There are, however, some things you can do...

The RBA’s interest rate statement for July 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | July 7, 2021 at 11:49 am , by Urbantech

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: retain the April 2024 bond as the bond for the yield target and retain the target of 10 basis...

What are the extra costs of buying a home

Posted in: Finance, Home Loans, Loan Hub, Property Investment | July 5, 2021 at 11:56 am , by Urbantech

Application & establishment fees, stamp duty + more. When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a...

The RBA’s interest rate statement for June 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | June 3, 2021 at 11:53 am , by Urbantech

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...

The RBA’s interest rate statement for May 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | May 5, 2021 at 1:02 pm , by Urbantech

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...

Rentvesting – enter the property market without sacrificing your lifestyle

Posted in: Finance, Home Loans, Loan Hub, Property Investment | April 26, 2021 at 2:39 pm , by Urbantech

As property prices continue to rise, purchasing in a centrally-located or sought-after area is out of reach for the average working millennial. Instead, many are opting to rent rather than buy as it means not having to compromise their inner city or beachside lifestyle. But for those who are still...

The RBA’s interest rate statement for April 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | April 7, 2021 at 10:13 am , by Urbantech

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...

Property Investing Preparation Checklist

Posted in: Finance, Home Loans, Loan Hub, Property Investment | March 26, 2021 at 1:30 pm , by Urbantech

Investment in real property, such as residential real estate, is likely to be a lengthy process and one that usually involves a plan for the long term. To ensure you have considered what is required before making the big purchase, we’ve outlined steps you need to take in that process....

What are the extra costs of buying a home?

Posted in: Finance, Home Loans, Loan Hub | March 22, 2021 at 2:57 pm , by Urbantech

Application & establishment fees, stamp duty + more… When taking out a mortgage, many people forget to consider the associated fees and expenses. Here are some of the extra costs that you’ll need to consider when you take out a home loan. Home loan application fees Most lenders charge a...

The RBA’s interest rate statement for March 2021

Posted in: Finance, Home Loans, Market Updates, RBA Rate Decisions | March 2, 2021 at 10:31 pm , by Urbantech

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...

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...

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

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,...

When would I refinance my mortgage?

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

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...

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

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...

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

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,...

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%...

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

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...

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

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....

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

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...