Many homeowners and investors have been rejoicing recently following the Reserve Bank of Australia’s (RBA) decision to cut the cash rate to an historic low of 0.75% last month.

If you’re confused about what the cash rate is and how it affects your mortgage, you’re not alone. It was recently reported that 86 percent of Australians don’t know what the cash rate is. Let us explain.

What is the cash rate?

The cash rate is the interest rate on overnight loans...

At its meeting today, the Board decided to leave the cash rate unchanged at 0.75 per cent.

While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes continue to affect international trade flows and investment as businesses scale back spending plans because of the uncertainty. At the same time, in most advanced economies, unemployment rates are low and wages growth...

Buying property at auction can be both exciting and nerve-wracking. But careful planning can make the process a whole lot easier. Here are our top tips for nailing the bidding experience and maximising your chances of success on the day.
 

Attend plenty of auctions before you bid

Before your bidding debut, it’s important to observe several auctions to understand how they work. Get a feel for the language used and the process involved.

In general, here’s...

Refinancing could potentially save you on interest, so it’s worth regularly reviewing your mortgage. Here’s why it’s a good idea to use a mortgage broker to refinance, rather than going direct to a lender.

Expertise you can trust

The mortgage industry has gone through a great deal of change over the years. With so many lenders and varying policies, it is complex and can be overwhelming, which is why you need a professional on your side.

A mortgage broke...

When deciding on a potential purchase, two of the primary determinants for property investors are, 'What will it cost?' and 'How much rental return, or investment yield, will it make?'.
 

Since the strong price runs in Sydney and Melbourne started to abate, there has been increased demand on assets providing strong yields – but they’re not easy to find.
 

This got us thinking. Is it still possible to secure property in locations across Australia that pr...

There’s no doubt about it – buying your first home is one of the most rewarding experiences of your life! However, it is an emotional journey. Here are 6 feelings you may experience as part of the purchasing roller coaster (buckle your seatbelts – it’s quite a ride!).
 

1) Excitement at the prospect of buying

You’ve been working hard to save a deposit and it’s finally time to purchase. When that time comes, it’s like someone has opened the door to...

At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.
 

While the outlook for the global economy remains reasonable, the risks are tilted to the downside. The US–China trade and technology disputes are affecting international trade flows and investment as businesses scale back spending plans because of the increased uncertainty. At the same time, in most advanced economies, unemployment rates are...