The Opportunity of Falling Variable Rates in the 2025 Australian Mortgage Market As the Reserve Bank of Australia (RBA) deliberates on its monetary policy over the coming months, the mortgage landscape for 2025 is shaping up to be one of strategic decision-making for borrowers. While recent reductions in fixed mortgage…
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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,…
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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…
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With the last 18 months of interest rate increases, and with an estimated 1.1mil household rolling off some very favourable fixed rates of 2%-3% taken out during the COVID-19 pandemic era by the end of this financial year, many people are starting to look at some of the finances and…
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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…
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