Jet Yoong - Finance Broker

The Reserve Bank of Australia (RBA) has decided to again hold the official cash rate at 4.35%.

The decision to maintain the cash rate comes after March 2024 data showed inflation remains persistently high.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

🧧🐉 恭喜發財! 🐉🧧
Wishing you continuous good fortune in the New Year, not only in your career, but also in a harmonious and happy family life, with good health and boundless joy. 🧨🧧

The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.35%.
The decision to maintain the cash rate follows the release of data last week which showed the annual inflation rate had fallen to 4.9% for the year to October 2023.
This decision has important implications for the mortgage landscape.

As your dedicated mortgage broker, I'm here to keep you in the loop about market trends and how they may impact you. If you have any questions or want to explore your financing options in light of this news, feel free to reach out. Knowledge is power, and I'm here to empower you on your homeownership journey!

Another happy customer!
✅ Providing after-hours customer support
✅ Interstate property purchase

Get in touch with me today for all your mortgage needs!

Following four consecutive monthly pauses, The Reserve Bank of Australia (RBA) has raised the official cash rate by 0.25%. to 4.35%.
The decision to increase the cash rate follows the recent release of higher than anticipated September 2023 quarter inflation numbers.
If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

Cup Day rates blow for mortgage holders The Reserve Bank has lifted interest rates for the first time in five months, ratcheting up the official cash rate by a quarter of a percentage point to 4.35 per cent.

No trick, just treat!

HUGE UPDATE FOR FIRST HOME OWNERS IN SA 🏡😁

Revenue SA has provided an update on Stamp Duty relief and FHOG changes!

The requirements and eligibility of Stamp Duty relief are very similar to the First Home Owner grant.

If you are unsure of your eligibility, please contact me or you can visit Revenue SA's site for more information (https://www.revenuesa.sa.gov.au/.../first-home-buyer-relief)

Following a surprise increase last month, the Reserve Bank of Australia (RBA) today again decided to increase the official cash rate by 0.25%.

The decision to lift the official cash rate to 4.10% was promoted by the April Consumer Price Index increasing from 6.3% to 6.8% and concerns around the signaling effect of Friday's announcement by the Fair Work Commission of a 5.75% boost to the minimum wage.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

RBA delivers shock rate hike as mortgage costs spiral RBA delivers shock rate hike as mortgage costs spiralBy Stuart Marsh • Morning Editor2:30pm Jun 6, 2023 Tweet Facebook Mail The Reserve Bank of Australia has delivered a shock 12th rate hike since May last year, deciding to lift interest rates in a bid to tackle persistently high inflation.The cen...

The First Home Guarantee and its regional and family home equivalents will have their criteria expanded from 1st July 2023, to help more Australians achieve home ownership.

Here are more details announced by the federal government:

Happy Easter long weekend!
Have a safe and joyful Easter! 🐰

Following ten consecutive rate rises, the Reserve Bank of Australia (RBA) today decided to hold the official cash rate at 3.60%.
Today's decision was spurred by turmoil in global banking markets and the monthly CPI indicator showing local inflation had eased last month.
If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

Rates on hold: Reserve Bank gives home buyers short-term reprieve While the bank held official interest rates steady for the first time in a year, RBA governor Philip Lowe signalled that further increases were a possibility.

LATITUDE FINANCIAL SERVICES (LATITUDE)
Latitutde is experiencing a malicious cyber-attach that has resulted in a data theft.
Personal data was stolen in the breach includes drivers licences, passports and medicare numbers.

Estimated about 330,000 customers had been caught up in the breach.

Latitude is in the process of identifying and directly contacting affected customers.

Steps you can take to protect yourself

You can contact one of Australia's three main credit reporting bodies to obtain a credit report so you can confirm if your identity has been used to obtain credit without your knowledge.
You can also request the credit reporting bodies to place a credit ban on your credit file via their website/contact them directly. If you intend to apply for a credit ban, please be aware that you will not be able to apply for credit while the ban is still in place.
- Equifax - www.equifax.com.au/eform/submit/credit-ban 138 332
- Illion - www.illion.com.au/credit-report-ban-request/ 1300 734 806
- Experian -www.experian.com.au/consumer/request-a-ban 1300 783 684

You can also refer to Australian Gov information on how you can protect yourself at cyber.gov.au

You can also jump onto www.haveibeenpwned.com/ to see if your email has been found in these data breaches.

You should be alert for any phishing scams that may be sent via SMS, phone, email or post. Do not click on links contained in SMS or email unless you know they are legitimate.

More info: https://www.latitudefinancial.com.au/latitude-cyber-incident/

𝐈𝐬 𝐲𝐨𝐮𝐫 𝐟𝐢𝐱𝐞𝐝 𝐫𝐚𝐭𝐞 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐭𝐨 𝐚𝐧 𝐞𝐧𝐝? ⌛️🏠
You may want to review your options before it ends to avoid paying more money than you need to.

If you’re on the hunt for a new home loan, get in touch with me to help you get your finance sorted.📲

𝓙𝓮𝓽
0406 566 819

Another great outcome for customer. ✅✅✅
▫️ 2 properties in 4 years with the use of equity.
▫️ Includes a refinance cashback of $4,000.
▫️ Hassle Free settlement.

Contact me today if you have a similar scenario.

According to CoreLogic, 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝗺𝗮𝗿𝗸𝗲𝗱 𝗮 𝗻𝗲𝘄 𝗿𝗲𝗰𝗼𝗿𝗱 𝗳𝗼𝗿 𝗵𝗼𝘄 𝗺𝘂𝗰𝗵 𝗮𝗻𝗱 𝗵𝗼𝘄 𝗳𝗮𝘀𝘁 𝗱𝘄𝗲𝗹𝗹𝗶𝗻𝗴 𝘃𝗮𝗹𝘂𝗲𝘀 𝗵𝗮𝘃𝗲 𝗳𝗮𝗹𝗹𝗲𝗻 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮.
Based on the monthly index, the national HVI is down -8.9% since peaking in April last year, making this the largest and fastest decline in values since at least 1980.
"𝗗𝗲𝘀𝗽𝗶𝘁𝗲 𝘁𝗵𝗲 𝗿𝗲𝗰𝗲𝗻𝘁 𝘀𝗵𝗮𝗿𝗽 𝗱𝗿𝗼𝗽 𝗶𝗻 𝘃𝗮𝗹𝘂𝗲𝘀, 𝗲𝘃𝗲𝗿𝘆 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗰𝗶𝘁𝘆 𝗮𝗻𝗱 𝗿𝗲𝘀𝘁-𝗼𝗳 𝘀𝘁𝗮𝘁𝗲 𝗿𝗲𝗴𝗶𝗼𝗻 𝗶𝘀 𝘀𝘁𝗶𝗹𝗹 𝗿𝗲𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗵𝗼𝗺𝗲 𝘃𝗮𝗹𝘂𝗲𝘀 𝗮𝗯𝗼𝘃𝗲 𝗽𝗿𝗲-𝗽𝗮𝗻𝗱𝗲𝗺𝗶𝗰 𝗹𝗲𝘃𝗲𝗹𝘀."

👨‍💼💡What we can learn from this report is that it is necessary to view properties from a long-term perspective to maximize gains. Ignore all short-term noise e.g. media, etc. It's designed to grab attention and sell advertising, not inform investment decisions.

Communication is 🔑

Great outcome for customer. ✅✅✅
▫️ Reducing land loan rate from 5.34% p.a. to 4.49% p.a.
▫️ PLUS received a refinance cashback of $4,000.
▫️ Construction loan in place ready for drawdowns.

Contact me today if you have a similar scenario.

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate for the eighth consecutive month, this time by 0.25% to 3.10%.

Today's increase follows speculation that rates may be starting to approach their peak with falling house prices in some capital cities, decreasing demand for credit and lower October inflation numbers.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

RBA cash rate now at 3.10% | Your Mortgage The RBA makes its final monetary policy decision this year, consistent with market expectations of a 25bps hike.

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.25% to 2.60%.

In considering the size of the increase, the RBA board appears to be continuing to focus on reducing inflation against the backdrop of falling house prices in many areas of Australia, a weakening Australian dollar and concerns of a global recession.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

Live: Reserve Bank lifts cash rate by 0.25 of a percentage point The Reserve Bank of Australia has lifted the cash rate by 0.25 of a percentage point. It is the sixth consecutive monthly rise after interest rates reached a seven-year high in September. Follow live.

BREAKING:
Reserve Bank Australia raises Official Cash Rate By 0.5% to 2.35%

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.50% to 1.85%.
The increase follows a slightly better than expected annual inflation figure of 6.1 per cent in the June quarter and falling house prices in some eastern state cities.
Balancing out these factors is an unemployment rate of 3.5%, the lowest rate in almost 50 years.
The RBA faces a challenging period as it weighs up trying to rein in inflation against the spiraling cost of living.
Lenders can set interest rates independently of RBA movements, and their responses to this official cash rate hike may vary.
I deal with multiple lenders every day, so I know just how flexible they can be to keep or win your business.
It never hurts to ask the question, so get in touch to review your options.

Live: What does the RBA's latest rate rise mean for you? Our experts unpack it The Reserve Bank has raised the cash rate for the fourth time in as many months to curb inflation. Our experts answer what it means for you. Follow live.

The new cash rate is 1.35 per cent.

The Reserve Bank of Australia has increased the cash rate by 0.5 percentage points.

It means the cash rate target is now 1.35 per cent, up from 0.85 per cent last month.

The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%. The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than target at 5.1%.

Lenders can set rates independently of RBA movements and their responses to this rate hike may vary. I deal with multiple lenders every day, so I know just how flexible they can be to keep or win your business.

It never hurts to ask the question, so get in touch to review your options.

https://www.afr.com/policy/economy/rba-surprises-with-outsize-jump-in-cash-rate-to-0-85pc-20220607-p5arrl

RBA’s surprise double hike takes cash rate to 0.85pc The Reserve Bank of Australia lifted the cash rate from 0.35 per cent to a surprise 0.85 per cent in a move that blindsided most economists.

Mortgage brokers facilitated 69.5% of all new residential home loans in Australia.
Proud to be in the industry!!

Broker market share reaches all-time high 69.5% of home loans now come from brokers, MFAA reports

A great outcome for first home buyer.
We are here to assist you throughout your home buying journey.