RBA UPDATE | Effective October 4, 2022
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
For the sixth consecutive month, the Reserve Bank of Australia (RBA) has made the decision to increase the nation’s official cash rate, which now sits at 2.60%. With the 25-basis-point (bp) increase, Australians are experiencing the highest cash rate since May 2013.
We love a challenge and we love helping our clients. As most banks and other lenders will likely follow the RBA
and lift their rates too, again increasing mortgage repayments, it's a good time for property owners to contact us for a home loan health
check and see if we can secure a better rate. We look forward to helping you.
Our holistic approach to taxation, accounting and financial planning means we bridge the gap in the client experience, eliminating the
frustration from delays that are often inevitable with multiple stakeholders involved in the lending process.
With summer well and truly here, and perfect boating weather on the horizon, many Aussies are looking at the best way to finance their dream vessel.
The report reveals that 84 per cent of first-home buyers preferred to purchase sooner with a smaller deposit, rather than delay their purchase to save more.
The scheme allows eligible Australians to purchase property with the government contributing up to 40 per cent of the purchase price for new homes and 30 per cent for existing properties.