MortgageWorks

The Reserve Bank of Australia (RBA) has increased the official cash rate by 25 basis points to 0.35% amid high inflation concerns and has signalled more cash rate increases will likely follow. This is the first RBA cash rate hike since November 2010, and the first time the cash rate has moved since it was …

RBA increases cash rate to 0.35% amid high inflation concerns Read More »

Australian small businesses are investing in their recovery through a surge in machinery purchases, IT and office technologies, and sustainable business assets, according to Commonwealth Bank (CBA) data. The CBA research shows small business financing for equipment and machinery is up 17% so far this financial year compared to last year. The research also shows 67% of …

SMEs invest in machinery, IT and energy-efficient assets for growth Read More »

The chances of the Reserve Bank of Australia (RBA) lifting the official cash rate on Tuesday just increased dramatically after figures showed the cost of living jumped 5.1% over the past year – the highest annual increase in more than 20 years. Economists around the country say the unexpectedly high jump in inflation means a …

Brace yourselves: a May rate hike might be coming next week Read More »

First home buyers with a deposit of just 5% will soon have more purchasing power thanks to an increase in property price caps for the highly popular Home Guarantee Scheme. Most capital cities will get a $100,000 boost to their property price cap from July 1, while regional areas around the country will get a …

Attention first home buyers! Price caps increase for 5% deposit scheme Read More »

It’s the hope that kills you. Just ask Carlton fans, NSW Blues supporters, Wallabies sufferers, and hopeful homebuyers who have fallen victim to underquoting. Obviously, you can’t change your footy team, but you can follow these tips to avoid the sketchy real estate practice. If it hasn’t happened to you, it’s probably happened to someone …

How to avoid becoming a victim of underquoting Read More »

Car enthusiasts around the nation got a bit of a shock this week when the Tesla Model 3 rocketed up the sales leaderboard to place third for all new vehicles sold in March. How did that happen? You might have seen an article by us a few weeks back about the sales of electric vehicles …

What the!? Tesla came third on the new vehicles sold list? Read More »

It’s taking young couples roughly five years on average to save for a 20% home loan deposit, according to new research. Want to hear something crazy, though? We know how to quarter that timeframe… Real talk: it’s never been tougher to save up a deposit for your first home. In Sydney the average timeframe is …

How to save a first home deposit in just over a year Read More »

First home buyers, regional buyers and single parents keen to crack the property market are the big winners in this year’s federal budget – with 50,000 low deposit, no LMI scheme spots up for grabs.  Want to buy your first home with just a 5% deposit and pay no lenders’ mortgage insurance? You could be …

Budget winners: first home buyers, regional buyers, single parents Read More »

Most of you would have noticed that car prices have gone up significantly over the past two years. But how much have they gone up exactly? Let’s take a look. You’re not imagining things – both new and used vehicle prices have spiked over the past two years (not to mention, house prices, petrol, groceries …

How much have car prices gone up since the pandemic began? Read More »

Think property prices have gone a little bonkers? You’re not the only one. Which is why a report with 16 recommendations to tackle housing affordability has just been plonked on pollies’ desks in Canberra. Today we’ll run through them for you (succinctly, we promise). You might have noticed that property prices have skyrocketed over the …

16 ways the government should tackle housing affordability: report Read More »