Some big news on the home loan front is that in May, the Reserve Bank of Australia increased interest rates for the first time in 11 years – by 25 basis points to 0.35 per cent and following that again by 0.50% on the 7th of June. This means repayments will become more expensive on variable mortgages. And experts predict the rise is the start of an upward trend. Get in touch now if you need to review your mortgage.
In this environment it’s more important than ever to spend hard-earned cash wisely. If you’re looking to renovate to make a profit on your home, we investigate the dos and don’ts to help you maximise your return and avoid common pitfalls.
Please don’t hesitate to contact me if you need any assistance with your financial situation. I’m always here to help.