> Tag: Interest Rates | Better Choice

News

RBA to raise rates by 25 bps in August: NAB

January 19, 2018

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November. According to NAB’s December edition of the Forward View report, the RBA will not have much impetus to begin hiking the cash rate until it sees a pick-up in wages growth, which […]

raise-rates-refinance-home-loan

Government to implement faster payment terms for SMEs

December 5, 2017

The federal government has announced that it will implement 15-business-day payment terms for small business providers in response to a Payment Times and Practices Inquiry. The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) released a report in April which noted that “late repayments have been a perennial problem in Australia”. The government’s decision to […]

small-business-finance-perth

How superannuation’s blindspot for gig economy workers is setting many up for a fall

November 30, 2017

A rising number of self-employed people are failing to contribute to their own superannuation creating weaker coverage in Australia’s $2 trillion retirement income system, which has seen its score slip from last year’s world rankings. The Melbourne Mercer Global Pension Index, released on Monday, shows Australia maintained third place, behind Denmark and The Netherlands with […]

superannuation-Perth

FOS reports seven broker disputes in 2016/17

October 18, 2017

The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers.  These seven disputes included two around advice, two around charges, one around […]

i-am-done-done-done-done-with-broker-disputes

Could avocado prices really be keeping millennials out of the Perth property market?

October 10, 2017

Smashed Avocado keeping you out of the property market? What if you bought an avocado farm instead? Recent comments from an Australian property millionaire claiming that smashed avocado was the reason many millennials had failed to enter the property market. Lazy millennials who want everything for nothing, afraid of hard work and changing priorities, death […]

tweets-on-avocado-and-millennials

How the ‘OLLY’ approach could help you save for a home.

May 31, 2017

  How the ‘OLLY’ approach could help you save for a home without ditching coffee. We came across this great article published by Domain. While saving for a home requires cutbacks on luxuries, which is something you’re no doubt sick of hearing, it’s definitely okay – and important even  – to have at least one thing […]

how-the-OLLY-approach-could-help-you-save-a-home

Melbourne’s Airbnb hosts make up to $150,000 annually

May 27, 2017

Airbnb hosts in Melbourne are making up to $150,000 annually, according to Airdna, an analytics company that tracks the performance of Airbnb rentals around the world. Up to 15,640 properties were listed on Airbnb at the start of February this year, a significant increase from February last year, when 12,886 properties were listed on the […]

financing-for-airbnb-investments-perth

HomeSectionsMarket talk Submit Lowest interest rate not biggest reason consumers use brokers

May 18, 2017

MPA Consumers on Brokers surveys suggest ASIC’s criticism that brokers don’t provide better interest rates may be misplaced ‘Help with the application’ is the biggest reason consumers use brokers, MPA’s 2017 Consumers on Brokers report has revealed.  The survey showed that lowest interest rates were only the third biggest reason for consumers to use a […]

Lowest-interest-rate-finance-brokers-perth

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill

April 29, 2017

Survey finds Australian borrowers could not make home loan repayments if they fell seriously ill. NEARLY half of Australian mortgages are worried about what being diagnosed with a serious illness would mean for their repayments, with some claiming to be incapable of servicing their home loans for even one month if they became seriously ill, […]

woman-under-stress-home-loan-repayments

Wave of rate hikes about to hit brokers

April 29, 2017

A wave of rate hikes about to hit brokers. Funding costs and regulatory pressure will drive rates upwards and cut discounts, regardless of today’s RBA call 85% of brokers think there will be further out-of-cycle rate increases, regardless of today’s cash rate decision by the RBA. This was the finding of broker listing site Hashching, […]

wave-of-rate-hikes-about-to-hit-brokers
1300 805 221

Better Choice