Some of the top-rated home loans in August 2024

With interest rates likely to remain on hold for the immediate future, what does this mean for your home loan? If you’re in the market to buy a property or refinance your existing home loan, it’s important to compare your options before selecting a mortgage deal.

Borrowers should take matters into their own hands as Governor Bullock all but rules out a rate cut this year

Borrowers should not bank on a rate cut in 2024, but instead plan for a potential hike as the RBA kept rates on hold for the sixth consecutive meeting at 4.35 per cent.

Some of the top-rated car loans in August 2024

Another new record has been set for vehicle sales in the month of July 2024, with many of these purchases being made by professional or government buyers.  

RBA to hold, but borrowers should still plan for a hike, not a cut

The Reserve Bank of Australia is expected to keep the cash rate on hold for the sixth consecutive meeting, continuing its ‘wait-and-see’ approach, after last week’s CPI results landed broadly as forecast.

Some of the top-rated personal loans in August 2024

New data shows that June 2024 recorded an uptick in personal loans, reversing a fall recorded the month prior. There are a variety of reasons to consider applying for a personal loan, including adding green and sustainable features to your home.

What to expect from the RBA meeting in August 2024

Economists from the big four banks are in consensus that the Reserve Bank of Australia (RBA) Board will keep the cash rate on hold at its August 2024 meeting, with the most recent quarterly inflation data falling in line with the RBA’s forecasts. And while the big four banks are also forecasting that the Board’s next cash rate move will be a cut, the risk remains that the rate could rise if economic events don’t proceed as planned.

Saving or spending? Some of the top-rated savings accounts in August 2024

If you recently dipped into your savings to splurge on end of financial year sales, you may not be alone. But new data indicates that Australians could soon be putting more money back into the bank again to help manage the high cost of living.

Money in the bank drops for the first time in a year

Money in the bank from households has fallen for the first time in a year, recording a sizable $11.5 billion drop in just one month. 

Rates to remain on hold as CPI provides the RBA with a temporary leave pass

The stage is set for the RBA to leave the cash rate on hold next week, despite a rise to Australia’s annual inflation rate from 3.6 per cent to 3.8 per cent.

Can you make an offer without pre-approval?

You can make an offer to buy a property by private treaty without having pre-approval from a mortgage lender. However, nothing is final until the contracts are exchanged and signed, so you could miss out on your dream property if you can’t get your home loan organised and approved fast enough.