Baby Boomers planning to give an estimated $3.5 trillion in cash and other assets to future generations are facing closer scrutiny by courts and tax authorities in addition to having to deal with more complex family structures and finances. Longer lives and record wealth means the nation’s richest generation in history will be passing on an estimated …
Six inheritance strategies to make your children richer Read More »
With the Reserve Bank of Australia (RBA) hiking its cash rate by 0.5 percentage points to 2.35 per cent – and more increases on the way – many Australians are naturally anxious about defaulting on their home loan. As many as 65 per cent – or two-thirds – of Australian home owners are concerned about defaulting on …
Australia’s cash rate hikes could halve from next month, with the Reserve Bank of Australia (RBA) governor hinting the board could soon take its foot off the accelerator. Philip Lowe said the case for a “slower pace of increase in interest rates” had become stronger. On the back of his speech, ANZ and Commonwealth Bank (CBA) updated …
Interest rates are widely forecast to go up 50 basis points again today, potentially adding another $160 a month to an average $600,000 mortgage. That will take the total additional repayment pain since May to $707. The good news is that the Reserve Bank of Australia (RBA) may now sit back and survey its handy work… (probably) 225 …
Mortgage prisons and forced sales: How to avoid 3 cash rate risks Read More »
Many people are on edge waiting to see just how high interest rates will go up when the Reserve Bank of Australia meets next week. Interest rates are expected to climb further when the Reserve Bank of Australia meets next week, with many people on edge to see just how much it is going to …
Families on edge waiting to see what how high interest rates will rise Read More »
Another lifeline has been extended to borrowers after Suncorp Bank announced it is dropping its home lending fixed interest rates. Suncorp cut owner-occupier rates by up to by up to 0.76 percentage points, with the changes effective as of Friday. The decrease means base rates have fallen across owner-occupied and investment home loans for two, …
Suncorp Bank changes home lending fixed interest rates Read More »
Australia saw its fourth cash rate hike in a row last week, which means higher repayments for most variable-rate mortgage holders. You may be thinking about refinancing your home loan to save money, but be warned: there’s more to consider than just the interest rate on offer. Canstar spokesperson Steve Mickenbecker reminded mortgage holders to be wary …
5 traps to avoid when refinancing your home loan Read More »
Dear Nicole,We bought our home two years ago and are really worried about where interest rates are now going. We only fixed half the rate on our home loan, where you often say to draw the line, at 2.29 per cent. We have also been diligently filling up the offset account attached to the variable-rate …
‘Our fix is about to end and rates are higher. Please help’ Read More »
Australians are being warned about a “tax” that could see them fork out much more money every month than they need to. Sitting back and watching the interest rate rise on your home loan could be costing you hundreds of dollars more a month unnecessarily. Homeowners are being warned not to fall victim to a …
Aussie homeowners warned of paying $5k extra in ‘mortgage loyalty tax’ Read More »
Australia is in a precarious position as inflation expectations soar and forecasts predict a very worrying sign for mortgages. It’s not all bad news though. ANALYSIS With Australian inflation expectations soaring on the back of higher petrol prices, futures markets have ramped up their forecasts for Australian interest rates. The latest futures market forecast has the Reserve …
How high will interest rates go and what will your mortgage be? Read More »
