amanda@milestonefinancial.com.au

RBA Rate Fluctuations: Historical Context. The Reserve Bank of Australia (RBA) has had a dynamic interest rate journey in recent years. In response to the COVID-19 pandemic, the RBA slashed rates to a historic low of 0.10% to support economic recovery. However, beginning in May 2022, as inflationary pressures intensified,…

The cost of living   The cost of living is high at present, one way to fee up some more cash and relieve cost of living pressures, would be to consider consolidating your debts.   Example below. Existing Loans.   Home Loan $600,000.00, current interest rate 6.50%, repayments $4,052.00 per…

Interest rate movements – up, down, or sideways… There is a lot of discussion about how interest rates will pan out in 2024, with households starting to ‘feel the pinch’ with the RBA’s increases to the official cash rate over the past 18-20 months which is on top of our…