Australian Inflation Rate Slows

Australian Inflation Rate Slows

According to the Australian Bureau of Statistics (ABS), inflation in Australia increased by 1.4% in the first quarter of 2023, or 7% annually. This is the lowest quarterly increase since December 2021. Although Consumer Price Index (CPI) prices continued to rise, many...
Apportioned Household Expenses With Non-Applicants

Apportioned Household Expenses With Non-Applicants

Did you know that there are lenders that will apportion a borrower’s household expenses and shared existing commitments with a non-applicant spouse, which can help increase the borrowing capacity of the applicant? The lender will assess the borrower’s portion of...
Take control of your financial future

Take control of your financial future

The latest findings from Roy Morgan Research Institute (https://www.roymorgan.com/) reveal that ‘mortgage stress’ has hit a record high since April 2012, with almost a quarter of mortgage holders (24.9%) now ‘At Risk’. This means that an estimated 1.19 million...
Mortgage Stress on the Rise

Mortgage Stress on the Rise

New research from Roy Morgan shows an estimated 1.19 million mortgage holders (24.9%) were ‘At Risk’ of ‘mortgage stress’ in the three months to January 2023. If you’re struggling to repay your home loan, here are some steps you can take: Contact your lender:...
What happens when my fixed home loan expires?

What happens when my fixed home loan expires?

When your fixed home loan term expires, your loan will typically revert to the lender’s ‘standard variable rate’, which is often much higher than the fixed rate. This means that your monthly repayments will likely increase, as your interest rate will...
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