Welcome to the new financial year! And boy, do we have some updates for you! Including cash rate increases, Government Scheme updates, and Superannuation changes.
Earlier this month the RBA announced that it was increasing rates by 50 basis points, from 0.85% to 1.35%. We help you navigate interest rate rises by:
- Conducting a rate review
- Reviewing your loan structure
- Guiding you through the home buying process
- Providing you with financial home loan guidance
- Expertise in your local area
Expanded Home Guarantee Scheme launches – Under the Federal Government’s Home Guarantee Scheme, this month 40,000 new places have become available to help Australians buy their own homes.
Superannuation has also gone up half a per cent to 10.5 per cent this month.
If you have any other questions or wish to chat more about these changes and updates, please reach out anytime!
Arranging finance can be stressful, especially with some lenders now taking extra steps including going through your living expenses and credit scoring (ouch!). And sometimes banks can make you feel like ‘just a number’. That’s why we want to do things differently: because you deserve better.
As a local family-owned business, our team takes the time to listen, answer your questions and make getting your home, car or equipment loan as easy as possible.