GET SMART FINANCIAL
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact

NO CHANGE TO INTEREST RATES

1/12/2020

0 Comments

 
It’s been quite a year, hasn’t it? After last month’s decision, the Reserve Bank of Australia has chosen to take stock of what has been a turbulent year and has included three cuts to the official interest rate, which now sits at an all-time low of 0.10%.
 
The RBA – and mortgage holders – will be buoyed by a predicted 7% rise in house prices next year (according to a Commonwealth Bank Report). November has seen record-low interest rates, a resurgent labour market, which has added 650,000 jobs in five months, and $394 billion in state and federal government stimulus. All of this is expected to move Australia out of a technical recession when official September quarter figures are announced tomorrow (Wednesday 2 December).

According to data from research firm Digital Finance Analytics (DFA), this positive forecast is set to create a wave of homeowners looking to change their living arrangements in 2021. DFA’s data suggests that over 1.1 million Australians intend to sell their property in the next six months.

Overall, 2021 is shaping up to be a transformative year for the Australian economy – and the housing market. So, what does this mean for you?
 
If you’re considering a move, 2021 will be ideal. Of course, you’ll need to consider whether you’re upsizing or downsizing. Either way, the cost of borrowing will more than likely be to your benefit.
 
If you’re happy where you are, you should still consider reviewing your mortgage. There’s a good chance you can either find a better deal or renegotiate your current loan.
 
Whatever your plans are, we are here to help. Please feel free to contact us to discuss how we can help you in 2021.
let's chat!
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    mortgage broker donvale
    View my profile on LinkedIn

    Author

    Rachael Bland – Founder & CEO

    Archives

    December 2022
    November 2022
    October 2022
    May 2022
    April 2022
    March 2022
    February 2022
    July 2021
    June 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    April 2019
    March 2019
    November 2018
    August 2018
    February 2018
    November 2017
    July 2017
    May 2017
    March 2017
    June 2016
    May 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    May 2015
    March 2015
    February 2015
    January 2015
    December 2014
    October 2014
    May 2014

    Categories

    All
    Adding Value
    Capitalisation
    FAQ
    Finance
    Get Smart News
    Home Loans
    Industry Awards
    Interest Rates
    Investment
    Refinancing
    Renovations
    Value

    RSS Feed

Privacy | Credit Guide | FAQs | Calculators
T:
0421 73 88 30 | E:
rachael@getsmartfinancial.net.au
Credit Representative Number: 427013 | Australian Credit Licence Number: 391237 | MFAA Accredited Credit Advisor 150638 | Copyright © 2019 Get Smart Results Pty Ltd
mortgage broker donvale
Website by Mint Creative Circle
Photo used under Creative Commons from Philippe Put
  • Home
  • Get to Know us
    • The Get Smart Team
  • Get Results
  • FAQs
  • Calculators
  • Blog
  • Get in Contact