As an Australian homeowner, you may soon face a daunting challenge – the end of your fixed rate mortgage period. The Reserve Bank of Australia (RBA) is predicting that approximately half of borrowers with fixed-rate mortgages will transition to variable rates this year. It's crucial for these homeowners to take...
Your borrowing capacity is falling right now – but you can fight back.
You’ve no doubt heard that interest rates are rising. Over the past few months, the Reserve Bank has been increasing the cash rate, taking it from a record-low 0.10% in May to 1.85% in August, with further increases all but certain. As the Reserve Bank has been increasing the cash...