Benefits Of Having Multiple Offset Accounts
Discover the untapped potential of your mortgage by exploring the benefits of having multiple offset accounts. Our article aims to explain the advantages of this approach, helping you manage your finances effectively, save money, and pay off your mortgage faster. Whether you’re a financial expert or a beginner, we’ll break down this complex concept in […]
Treasurer reveals plans to reform RBA…
The Reserve Bank of Australia (RBA) is set for a shake-up, following a review commissioned by the federal government. The review made 51 recommendations, including specific measures to create a clearer monetary policy framework and stronger monetary policy decision-making. Treasurer Jim Chalmers said the government agreed in-principle with all the recommendations and would work with […]
How to protect yourself against scams…
The Australian Banking Association (ABA) has launched a new campaign to raise awareness about scams. This is a very topical issue, with Scamwatch receiving 14,603 reports about bank impersonation scams in 2022, resulting in more than $20 million in losses, according to the Australian Competition & Consumer Commission. The ABA ads include these key messages: […]
Property downturn may be over…
Australian property prices rose 0.6% in March, according to CoreLogic – the first monthly increase since April 2022. But while prices increased at a national level, and in Sydney, Melbourne, Perth and Brisbane as well, they did decline in the four smaller capitals. CoreLogic’s research director, Tim Lawless, said one reason prices are rising again […]
RBA ‘closer to the point’ where it will stop hiking rates…
Reserve Bank of Australia (RBA) governor Philip Lowe has hinted that with monetary policy now in “restrictive territory”, interest rates may be near their peak. In a speech delivered the day after the RBA raised the cash rate for the 10th consecutive time, Governor Lowe said the RBA Board was closely monitoring the effect of […]
How to overcome the deposit barrier
How to overcome the deposit barrier How to overcome the deposit barrier Despite the recent housing downturn, property prices are higher in most parts of the country than before the pandemic. As a result, deposit requirements are higher. Domain compared property prices in the December quarters of 2019 and 2022, and found that buyers needed […]
RBA expects inflation to fall in 2023
While inflation continues to be worryingly high, it may have peaked. The Australian Bureau of Statistics’ latest data show that inflation rose from 6.9% in October to 7.3% in November. In early December, the Reserve Bank of Australia (RBA) forecast that inflation would “peak at around 8%” in December. If that’s the case, inflation may […]
