Interest rate update: 3 May 2016

03/05/2016   Brian Godfrey, Mortgages and Finance Adviser

Today, as the end of the financial year draws closer, the Reserve Bank of Australia has announced the outcome of its board meeting and it has decreased the cash rate by 25 basis points.

The official cash rate is now 1.75%.

In taking this decision it appears the Reserve Bank has reacted to concerns around the relative strength of the Australian Dollar and the impact this is having on exporters and tourism, talk of a slowing housing market and new data showing inflation has dropped below their target range of 2.5 - 3%.

The market is speculating that lenders may not pass the decrease on in full, citing increased funding and regulatory costs.

Therefore a fresh round of competition is likely to be sparked amongst lenders so it is a great time for us to review current finance arrangements.

How does this impact the average mortgage holder? Here is a table showing how Australia's average mortgage sizes may be affected:


If you would like to discuss the current finance market in light of today's announcement and how it may impact you, speak to one of our mortgage brokers on 1300 726 082.


Meet Brian Godfrey, Mortgages and Finance Adviser



Valuation of assets in SMSFs

14/09/2017   Linda Vong, Accountant

Determining accurate valuations of your SMSF investments has become increasingly important in light of recent changes within the superannuation environment. Linda Vong explores what this means.

Read More

Our take on Budget 2017


Whether you're a member of Gen Y, are a little older in the wealth building stage of your career, or are about to retire/are a recent retiree, we've got a Budget breakdown for you.

Read More

When sacrifice can be a good thing

17/02/2017   Brendan Peach, Associate Financial Planner

Salary sacrificing is one such strategy that can be adopted to help in your long term savings plan. It might seem like a small and insignificant change, but in the grand scheme of things, it can really pack some punch.

Read More

Close *Required Fields