Smik Home Loans and Mortgage Broker
House prices are rising in Melbourne and Sydney – one of the desired effects of the RBA’s historically low rates. But do low rates always lead to higher prices? Just weeks out from Christmas, the RBA decision to keep rates steady in December at 0.75% didn’t come as a surprise. In fact, it suggests we’re …
What record low interest rates mean for property prices Read More »
If you are concerned about servicing your loans, reach out to your local mortgage broker for help. As Australians everywhere take a close look at their financial circumstances, mortgage brokers stand ready to lend a helping hand. Whether experiencing financial hardship through job loss, a reduction in work hours, or business disruption, an increasing number …
Australian interest rates are at a record low, in part because global rates are also at or near historic lows. While the goals of the RBA’s monetary policy are domestic, international factors often influence local decisions. Several signs over Christmas and the new year pointed to the Reserve Bank of Australia cutting rates to a …
House prices are rising in Melbourne and Sydney – one of the desired effects of the RBA’s historically-low rates. But do low rates always lead to higher prices? Just weeks out from Christmas, the RBA decision to keep rates steady in December at 0.75% didn’t come as a surprise. In fact, it suggests we’re still …
Record low interest rates what it means for property prices Read More »
Low rates mean those with mortgages may be breathing a sigh of relief, but low interest on savings accounts make it much harder to save and grow your money. Have you checked the amount of interest you’re getting your savings accounts recently? Chances are it’s sitting around 1%. The RBA’s record-low interest rate is designed …
