Author - ingenious

Home buyer

First Time Home Buyers – Get Into The Market With These 6 Tips

Purchasing a new home is a really big move. It requires a lot of time, research, and money and as you start the process, it can be a little daunting. For many Australians, buying their first house marks a memorable and significant milestone.  Fortunately, with the right financial consultation and the correct preparations, one can reduce the stress and make the home buying process...

The lowdown on dropping interest rates

The lowdown on dropping interest rates

How can you make the most of record low interest rates? Many people believed that the low RBA cash interest rate, that had remained unchanged over the last couple of years, was about as low as it would go. But in the last few months the Reserve Bank of Australia (RBA) has dropped it three times, taking the official rate...

Monthly Winner for October 2019

Monthly Winner for October 2019

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Anita, and she’s won a $500 Bunnings voucher. Congratulations Anita!

There’s a lot more than the big four

Why smaller lenders are making a big change in banking. The history of Australian banking has always been dominated by the big four – ANZ, Commonwealth Bank, NAB and Westpac. But more Australians than ever are now turning to smaller lenders and non-banks to finance their home loans. Is your loyalty worth it? Many of us have gone to one of the...

a-boost-for-business-lending

A boost for business lending

Small business lending is set for a shake-up that will make terms fairer for the little guys if recommendations by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) are introduced. The Carnell Report, released in February following an inquiry into bank lending for small-to-medium enterprises, has made 15 recommendations designed to address regulatory gaps and shortfalls in lending practices...

Monthly Winner for October 2019

Monthly Winner for August 2019

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Taylor, and he’s won a $500 Bunnings voucher. Congratulations Taylor!

With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016 and I’d like to share some thoughts on why the Reserve Bank of Australia has made this decision. In making this decision the RBA has taken into account inflation being below its target range of 2-3%, continued pressure on house prices, evidence of rising levels of mortgage stress, a borrowing squeeze in response to the Banking Royal Commission, slow wages growth and continued concerns around the level of under employment. Lenders continue to review rates independently of the RBA with some making reductions. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation. There may be different rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current and future circumstances, if you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

RBA cash rate decreased at 1%

The Reserve Bank of Australia decided to once again reduce the official cash rate, this time to 1% in a concentrated effort to boost household spending and the economy in general. In making the decision to lower rates again this month the RBA has signalled its focus on supporting employment growth as it looks to restore inflation to within its...

Monthly Winner for July 2019

Monthly Winner for July 2019

We appreciate your feedback, that’s why each month we give our customers who have recently settled a loan the chance to go in the competition to win a small thank you gift. This month’s winner is Robert, and he’s won a $500 Bunnings voucher. Congratulations Robert!

With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016 and I’d like to share some thoughts on why the Reserve Bank of Australia has made this decision. In making this decision the RBA has taken into account inflation being below its target range of 2-3%, continued pressure on house prices, evidence of rising levels of mortgage stress, a borrowing squeeze in response to the Banking Royal Commission, slow wages growth and continued concerns around the level of under employment. Lenders continue to review rates independently of the RBA with some making reductions. It is therefore important to review your lending options regularly to ensure they remain the most suitable for your situation. There may be different rates available from our wide panel of lenders and I’m always available to ensure you have the right financial solution for your current and future circumstances, if you’d like to have a chat about what today’s news means for you and your finances, please don’t hesitate to get in touch.

RBA cash rate unchanged at 0.75%

With the uncertainty of the federal election behind it, the RBA has decided to reduce the official cash rate to 1.25% as it tries to stimulate household spending and the economy. This is the first rate move since August 2016 and I’d like to share some thoughts on why the Reserve Bank of Australia has made this decision. In making...