Will Your Bank Pass on the Full Rate Cut?

After the Reserve Bank of Australia reduced the cash rate recently, if you expected your bank or mortgage lender to pass on the full rate cut immediately, you might still be surprised to find out that you’re paying more than you should be. If your bank doesn’t consistently pass on the full rate … [Read more...]

How Far Will Mortgage Rates Drop This Year?

Economist’s forecasts vary considerably, which makes understanding what mortgage rates are likely to be by the end of the year, complicated. Although most mortgage rates are based on being a percentage above the cash rate, it means that choosing between a fixed rate home loan or a variable rate … [Read more...]

When is a Property Too Small to Become a Home?

Some banks and home loan providers may refuse to lend money on properties that they consider too small. They are concerned that you won’t be able to sell them in the future, if the need arises. Compact living in small studio apartments is popular for renting purposes but when does a property become … [Read more...]