
3 drains on your money and how to avoid them
I recently did a cost vs. savings check, which hit harder than an opening State Of Origin tackle!

I recently did a cost vs. savings check, which hit harder than an opening State Of Origin tackle!
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New research from Mozo for the 2024 Home Loan Report discovered that a startling percentage of mortgage holders think refinancing isn’t worth the effort when it could save them tens of thousands.

The Reserve Bank Australia has held the cash rate at 4.35%.

Over the last two years, the home loan market has been rocked by a series of rate hikes thanks the Reserve Bank of Australia (RBA). The central bank has been chasing runaway inflation with tighter monetary policy.

The Albanese government has announced new measures to help Australians get better rates on their home loans and savings accounts.

Around the world the cuts have begun. The European Central Bank (ECB) last week announced a 25 basis-point cut after the central bank’s June meeting, but the US Federal Reserve hasn’t followed suit, leaving its rate unchanged.

They say teamwork makes the dream work. But it's now clearer than ever that the platitude applies to the Australian dream of homeownership, too.

Kevin McCloud is invariably appalled when the ambitious home renovators on Grand Designs quickly surpass their renovation budget and timeline. But it’s also rare for him not to be completely charmed by the outcome.

Essential workers have access to the lowest variable home loan rate in the Mozo database this month from G&C Mutual Bank, with an interest rate of 5.80% p.a. (5.83% p.a. comparison rate*).

Customer owned Greater Bank made cuts to its Great Rate Fixed Home Loan product, its lowest rate starting at 5.79% p.a. (7.26% p.a. comparison rate*) for 3 years (OO, P&I, $400k, <80% LVR).