Category Archives: Help Guides

Should you stay or should you go?

Stay with your bank or refinance

Did you know that 2 in 3 Australian mortgage owners think about switching their home loan to another lender? Have you thought the same? According to the Australian Bureau of Statistics (ABS), a report commissioned by the Australian Banking Association (ABA) has discovered that 66% of mortgagors have considered switching to a different lender. Despite […]

WE’VE SLASHED INTEREST RATES FOLLOWING TODAY’S RBA ANNOUNCEMENT

RBA Announcement Rate Cut to all time low of 1.25%

Reduce is offering the full 0.25% drop The RBA announced a 0.25% interest rate cut to the cash rate today to an all-time low, and Reduce is following the decision with the maximum 0.25% rate cut, providing its customers with rates as low as 3.19% Variable. We are acting quickly and applying the rate drop immediately, […]

Millennials are making the housing downturn work in their favour

Millennials using housing downturn in their favour

Australia is experiencing one of the steepest housing downturns since the 2007 global financial crisis, where property prices fell by as much as 5%. Yet after peaking in October 2017, house prices have dropped once more, with a 6.1% reduction in value across the country’s major capital cities. While this market dip isn’t exactly welcome news […]

2019 Pre-Election Budget

2019 Pre-Election Budget Released

How will the proposed 2019 Budgets affect home owners and investors? Last week, Scott Morrison and Bill Shorten released their proposed budgets following the national election on May 18 2019. Many topics including infrastructure, employment and health services were addressed, which covered the news headlines. Housing affordability plans and assistance schemes were given mention by […]

How relevant is the Cash Rate, anyway?

Does the cash rate affect mortgage rates as much as we think?

On Tuesday (05 March) the Reserve Bank of Australia (RBA) held its monthly monetary policy meeting. The RBA elected to hold the official cash rate at a record low of 1.5% for the 36th consecutive month. The last cash rate change was in RBA’s August 2016 monetary policy meeting; a cut of 25 Base Points […]

7 Ways You Can Save Money on Your Home Loan

Save Money On Your Home Loan

7 Ways You Can Save Money on Your Home Loan Saving money on your home loan isn’t easy, but it’s very worthwhile. The faster you pay it back, the less interest you pay. Additionally, there are some other tricks and tips that will have you saving more of your hard-earned money. Here are 7 ways […]

Tips for choosing the right real estate agent to sell your home

The Right Real Estate Agent to Sell Your Home

Tips for choosing the right real estate agent to sell your home Finding the right real estate agent to sell your property can be daunting. These helpful tips can make the experience a whole lot easier. Do some research The key to finding the right real estate agent is doing a bit of research. Start […]

How to Improve Your Credit Score In 5 Simple Steps

Improve Credit Score

How to Improve Your Credit Score In 5 Simple Steps Are you worried about your credit score? Did you imagine your credit score would be in a better position at this stage of your life? Taking hold of your personal finances and your credit score is easier than you think. There are a few straightforward ways […]