Buying a home for the first time can be challenging, especially with house prices soaring in recent years. So could switching from house hunting to unit searching be the way forward for you? There’s no denying that getting into the property market in today’s economic climate isn’t easy. The average Australian house price is now $725,000 [...]
The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Homeowners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork just yet. Mozo reports that some [...]
When buying property, it’s good to know the market value. After all, you want to know you’re paying a fair amount. But the property’s value is an important consideration for your lender too. And their valuation may be quite different. Just how much is a property worth? Well, it depends on who’s asking. When buying [...]
Australians are showering their homes with $1 billion worth of love each month as home improvement spending ramps up. We look at the cost of popular renovations – and how to foot the bill. Belts may be tightening but not, it seems, for renovators. The latest figures from the ABS show Australians spent a whopping $1,044 [...]
With plenty of pundits tipping interest rates will start to fall in the next 12 months, we look at why the big banks are hiking their fixed rates – and unpack what it means for the rate outlook. The past few months have seen interest rates on fixed home loans deliver more ups and downs [...]
Despite the soaring cost of living and successive interest rate hikes, homebuying intentions have climbed, latest data shows. So why are so many people still chasing the great Australian dream? And what can you do to make your own dream a reality? Despite a flurry of rate rises, new data this month shows homeownership is [...]
Phew! The RBA has decided to put the official cash rate on hold. So, is the end of this rate hike cycle finally in sight? The decision to keep the official cash rate at 4.10% will be welcomed by homeowners around the country after monthly repayments have increased by about $1,135 per $500,000 loaned (for [...]
Mortgage serviceability can feel like a frustrating hurdle to clear. But it’s an important safeguard against borrowing too much, particularly in the current interest rate landscape. It’s in the best interests of all parties involved if your mortgage is chugging along with regular repayments being made. Borrowing an amount you don’t have a hope in [...]
The Reserve Bank of Australia (RBA) has increased the official cash rate for the 11th time in the past year, taking it to 3.85%. Have we finally reached the peak of this cycle? And how much will this latest rate hike increase your monthly repayments? In what will undoubtedly be tough news for many households [...]
As property prices start to climb, listings are following suit. So if you’re hunting for a home, what does this mean for you? If you’ve been looking at the property market over the last six to 12 months, you probably already know that while property prices have dropped, it’s been a case of slim pickings [...]
As part of our mission to continue supporting our Members and their Communities, an element of the school program gives Dnister the opportunity to visit the schools and playgroups enrolled in the program and hand out our student packs! During our visitations Dnister staff met students and the wonderful, dedicated language teachers, which is [...]
And … exhale. After 10 straight rate hikes the Reserve Bank of Australia (RBA) has decided to put the official cash rate on hold. But for how long? The decision to keep the official cash rate at 3.60% will be welcomed by homeowners around the country after monthly repayments increased by about $1000 per $500,000 [...]
Due to the upcoming Easter and ANZAC Day Public Holidays, our branches will be trading on the following dates: The Essendon Branch will be closed on Fri 7th April - Good Friday Closed Sat 8th April - Easter Saturday Closed Mon 10th April - Easter Monday Closed Fri 14th April - Ukrainian Good [...]
The Reserve Bank of Australia (RBA) has increased the official cash rate for a tenth straight meeting, taking it to 3.60%. How much will this rate hike increase your monthly mortgage repayments, and how many more rate rises are expected to come? The RBA’s latest move takes the cash rate to its highest level since May [...]
International Women’s Day (IWD) is celebrated every year on March 8. This special day is a day to honour and celebrate all social, economic, cultural and political accomplishments of women and acknowledge how far we have come in our struggle for equality, peace and development. The first International Women’s Day in Australia was held in [...]
