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Interest rates update for June 2018

Indicative Home Loan Interest Rates - June 2018     Loan Type Interest Rate Type Repayment Type Best Rates * Comparison Rate ** Owner Occupied Variable rate P&I 3.59% 3.72%   Interest Only 3.89% 4.18%   3yr Fixed P&I 3.79% 3.93%   Interest Only 3.99% 4.22% Investment Variable rate P&I 3.89% 4.00%   Interest Only 4.14% 4.42%   3yr Fixed P&I 4.09% 4.21%   Interest Only [...]

2018-06-26T17:06:08+00:00June 26th, 2018|

Fixed Interest Rates In Focus – Now is the time to FIX

Now is the time to fix your home or investment loans Global interest rates are on the rise. Most notably in the U.S where a series of rate hikes by the Federal Open Market Committee (FOMC) and an end to the bond buying program has seen bond yields to rise to 5 year highs. Chart 1 shows the yield of the benchmark U.S 5 year government [...]

2018-02-09T17:00:54+00:00February 8th, 2018|

Refinancing could save you thousands

It’s often said that Australians are more likely to divorce their spouse than switch banks. But with plenty of competition in the home loan sector, refinancing can be a good move. There are a number of reasons why you might want to refinance: you can consolidate debt from high-interest credit cards into a home loan with a lower rate of interest; you can release cash from [...]

2018-11-02T18:53:54+00:00December 4th, 2017|

First Home Owners Grant Changes Summary

Effective Saturday 1 July 2017 changes have been made to the First Home Owners Grant (FHOG) in some states as follows. State Change More Information New South Wales The $10,000 FHOG cap for a New Home Purchase/Off the Plan purchase has decreased from $750,000 to $600,000. For a property where the FHO enters into a contract to build, or an owner builder, the total value cannot exceed $750,000. [...]

2017-07-18T13:57:46+00:00July 18th, 2017|

Finding a home loan when you’re self-employed

Finding a home loan when you’re self-employed   There are many perks to working for yourself, but when it comes to applying for a home loan, it seems being your own boss sends up a red flag to banks and other lenders. Why? A salaried employee has a regular, steady income and is less likely to experience the cash flow volatility of a small business owner, [...]

2018-11-02T18:50:39+00:00June 30th, 2017|

Why the Brouhaha about interest only loans?

Why the Brouhaha about interest only loans? Media is currently running with the poorly researched idea that Interest only loans are looming as the reason why property is heading into bubble territory and potentially being a massive risk to the economy. The truth is that interest only loans are the loan of choice for investors and any accountant will tell you that you should always pay [...]

2017-04-05T12:58:08+00:00April 5th, 2017|

Using A Refinance Calculator

Using the Alluna Finance calculator can be a great way for you to get the low down on what you can save by refinancing your home loan. Learn how to use the calculator Many people though are not sure exactly what they need to put into the calculator to get the answer they are after- now you can listen to the video tutorial on how the [...]

2017-03-22T10:40:33+00:00March 22nd, 2017|

Refinancing for a better deal

While refinancing your home loan may seem overwhelming at first, it's less complicated than you might think.   With historically low interest rates and increased competition across the home loan industry, lenders are keen to get your business.   When you first took out a home loan, you probably paid very close attention to interest rates.  Over time you may have become more relaxed about your [...]

2018-11-02T18:48:29+00:00February 11th, 2017|

RBA Comfortably On Hold

The RBA has today left interest rates on hold at 1.5% at their first meeting of 2017. The outlook remains clouded and many top economists are tipping they may stay on hold for the first half of the year, before lower inflation opens the door for possible further cuts in the second half. In the immediate future Australian mortgage rates are far more likely to be [...]

2017-02-10T01:24:15+00:00February 10th, 2017|