Home Loan Interest Rates: Where to in 2024?

In just a short timeframe, the Aussie interest rate outlook has shifted significantly. From discussions of potential rate cuts, we now anticipate a 'higher for longer' scenario, driven by unexpected inflation figures and cautious economic indicators. Despite notable progress in reducing inflation, challenges persist, particularly in sectors like healthcare, housing,...

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When is the right time to refinance?

6 March 2024   As a general rule of thumb, if it’s been at least two years since you took out your home loan, it might be a good idea to review refinancing options. That’s because lenders, which want to win your business, often charge lower interest rates to attract...

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Thinking of refinancing? Here’s 5 important considerations

The cash rate is currently four percentage points higher than it was at the beginning of 2022, and it’s clearly influencing our purchasing behaviours (eating in is cool again), and for some, our quality of sleep! If an increase in loan repayments or the potential for an increase (i.e. if...

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Home Loan repricing versus refinancing: How to save money in a rising rate environment

In May 2023 the Reserve Bank of Australia (RBA) announced a further hike to the cash rate from 3.60% to 3.85%. This was the 11th increase to the cash rate in approximately 12 months and a total of 3.75 percentage points up from a record-low of 0.1% back in May...

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