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Posted in fixed interest

Don't understand why the RBA is increasing the cash rate? Find out why.

Posted by Chris Collard on 1 August 2022
Don't understand why the RBA is increasing the cash rate? Find out why.
Over the past few months, it seems like predicting the RBA’s next cash move has become a national pastime. Will the cash rate go up, down or sideways? How many times will the RBA increase the cash rate over the next year? How will it affect my family, my neighbour and the milkman? But what most people do not understand is exactly why the RBA is increasing the cash rate. Let’s explain. What has happened to the RBA cash rate since May 2022? In May 2002, the RBA increased ...
Posted in:Interest ratesPropertyfixed interest  

The million-dollar question: How will an increase in the RBA cash rate impact my home loan interest rate & repayments?

Posted by Chris Collard on 8 June 2022
The million-dollar question: How will an increase in the RBA cash rate impact my home loan interest rate & repayments?
With the cash rate increasing 0.25% last month and 0.50% this month, many of you are asking what’s the impact on me and what can I do? So how does the RBA cash rate affect interest rates and ultimately your home loan repayments? Let’s explore. What is happening with the cash rate? Until late 2021, the RBA predicted that economic conditions requiring a rate rise wouldn’t be met until late 2023 or early 2024. Rising inflation, low unemployment and wage growth has meant th...
Posted in:Interest ratesfixed interest  

Fixed rates - Why now might be the time to act.

Posted by Chris Collard on 26 January 2022
Fixed rates - Why now might be the time to act.
        What is happening with fixed rates? This is a question the FinancePath team are being asked with increasing frequency. Before I address this question and provide my thoughts, lets understand what is happening in the market. What is happening with the cash rate? Although the official cash rate remained unchanged in 2021, it appears that the RBA is abandoning its previous assertion that interest rates will be on hold until at least 2024, with a rate increase now ...
Posted in:To buy or rentInterest ratesFirst Home BuyersUpgrade My Homefixed interest