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Inflation is both impacting the housing market and itself being impacted by the housing market. CoreLogic Head of Residential Research Eliza Owen said one way in which inflation impacts the housing market is that it erodes the value of debt, making it easier to repay a mortgage. That’s because $1 today is worth less than … Read more
Good news for car buyers: waiting times have fallen dramatically in the past 12 months. The average waiting time for a new car in Australia was 65 days in June 2024, according to Price My Car. That compares to 109 days in June 2023 and 155 days in June 2022. The models with the shortest … Read more
The cash rate has been increased by the Reserve Bank of Australia (RBA) for the fourth month in a row from 1.35% to 1.85%. Since the RBA’s first increase of the cash rate from its record low of 0.1% in May, we have seen interest rates for both variable and fixed home loans increase across … Read more
Many homeowners set up their home loan repayments to automatically be debited from their account – knowing they are slowly chipping away at their debt without needing to put much further thought to it. However, this set-and-forget mentality could actually cost you thousands in interest repayments. How? Because interest rates are constantly changing and many … Read more
