Now that brokers are legally required to act in their best interests–something banks aren’t required to do –we’ve seen a large shift in the numbers of borrowers that choose to use a broker over a bank….here’s why…
598,000 residential properties were sold in August, 2021…
Fixed vs Variable Rates...to split, or not to split...these are the questions.
The Reserve Bank of Australia data for August shows owner-occupiers on three-year fixed loans were paying, on average, 1.26 percentage points less than those on the discounted variable rate.
However, these things move in cycles.
And so, of course, choosing one over the other is not really a one size-fits-all solution…
Spring savings is an actual thing, according to Reserve Bank!
Once we all got over the online buying trend of the first few lockdown––perhaps when we realised the ‘instant gratification’ might not be so instant with the state of the postal service. We realised there’s not a lot worth spending our hard-earned on at the moment.
Read about Australia’s Spring Savings increase, and how we’ve been turning our lockdown negatives into a property buying positive…