Another Interest Rate Drop!

Tuesday’s RBA announcement saw the cash rate cut by another 25 basis points to a historic low of 0.75%. Will the banks pass on the full 0.25% reduction to variable rate customers? It will take a few weeks for the new rates to take effect but if you want to discuss your rates, contact us now (08) 9242 3300 or …

Assessment Rate Drop!

Applying for a home loan may have just become easier with Australian Prudential Regulation Authority (APRA) removing the minimum rate used in serviceability calculations by lenders. The serviceability calculation is a test used by lenders to determine if a customer can afford to pay off their home loan if there was an increase in interest rates. Most lenders rely on …

It is Christmas in July!

The Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) have both announced reductions in rates giving borrowers a two-part Christmas in July gift. What are these gifts and how do they affect you? Gift 1: APRA are reducing servicing rates! What are servicing rates? Servicing is the calculation the bank uses to determine how much you …

Are you suffering from rate envy?

Have you seen a few banks lowering their interest rates further than your current bank? Tuesday was a historic day as the Reserve Bank of Australia (RBA) lowered interest rates by 0.25% for the first time in almost 3 years. Several major lenders have announced that they will pass on this rate cut in full, while others will pass on …

The Election is Over!

What does this mean for your business? There is good news for small and medium business owners with the instant asset write-off being boosted to $30,000. The eligibility has also been expanded to include medium-sized businesses with a turnover of less than $50 million which will mean 3.4 million business will now be eligible for the instant-asset write-off. Are you …