In response to COVID-19, lenders offered consumers the ability to enter “mortgage holidays”, effectively pausing repayments on their mortgage for a period of up to 6-months. While these have been extended for those most in need, a significant portion of these repayment mortgage holidays will be expiring over coming months. Australian corporate regulator... read more →
Aug
21
Jul
15
The all time low fixed rates provide an opportunity for families to maximise their earnings and savings during these uncertain times. However, they do come with some limitations that require consideration. Borrowers’ thinking to take advantage of the low rates need to think through the benefits and limitations of... read more →
Jul
08
The RBA has announced that the cash rate will remain unchanged for July with rates remaining at 0.25%. The RBA is mindful of rising concerns around unemployment post-JobKeeper, falls in housing and home loan approvals, decreasing property values and decreasing credit growth. The RBA maintains the stance that negative interest... read more →
Jun
15
ANZ has temporarily introduced an assessment process allowing eligible customers to move from principal and interest (P&I) to interest only (IO) or renew an IO period for 6 or 12 months. ANZ is introducing the process in response to the financial difficulties that COVID-19 has placed on its customers. To... read more →