RBA UPDATE | Effective October 4, 2022
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
Better Loan Solutions in Mornington Peninsula • Learning Centre • Insights
For the sixth consecutive month, the Reserve Bank of Australia (RBA) has made the decision to increase the nation’s official cash rate, which now sits at 2.60%. With the 25-basis-point (bp) increase, Australians are experiencing the highest cash rate since May 2013.
We love a challenge and we love helping our clients. As most banks and other lenders will likely follow the RBA
and lift their rates too, again increasing mortgage repayments, it's a good time for property owners to contact us for a home loan health
check and see if we can secure a better rate. We look forward to helping you.
Our holistic approach to taxation, accounting and financial planning means we bridge the gap in the client experience, eliminating the
frustration from delays that are often inevitable with multiple stakeholders involved in the lending process.
A caravan loan can make the upfront cost manageable, but it’s the ongoing expenses that can catch first-time owners off guard.
Fixing your rate can offer certainty, but it also involves trade-offs that are worth understanding before making a decision.
Lenders calculate how much you can borrow based on your income, existing debts, living expenses and other financial commitments.