Tag: Mortgage
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RBA Cash Rate Decision November 2020
RBA November board has met on Melbourne Cup day. Tuesday the 3rd of November 2020 for their cash rate decision. The RBA board decided to reduce the cash rate to a historical low of 0.10 points. The board also has set a 3-year cash rate and yield target of 10 basis points. Representing a record…
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10 things Australian expats need to know about mortgages in Australia
We recently sat down with the James and the team at Atlas Wealth Management to discuss Australian expat mortgages. Atlas Wealth Management specialises in financial planning for Australian expats. During the webinar, we discussed 10 things to consider around Australian mortgages as an Australian expat, you can also read up on them in greater detail. The mortgage process for Australian…
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Australian banks change lending standards
Australian banks have changed lending standards On the 5th July, APRA announced that it would be making an adjustment, following a consultation period to APG 223 (Prudential Practice Guide to Residental Mortgage Lending). This proposal was to scrap the current minimum 7% floor applied when seeking a new residential mortgage and instead revise by applying…