In a somewhat surprising move, banks are lifting some of their term deposit rates despite the Reserve Bank of Australia slashing the cash rate to an all-time low of 0.25% on March 19.
interest rates
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Greg's 19-year-old daughter has saved $30,000. With term deposit rates so low, should he put her savings against his mortgage and pay her interest instead?
If you're self-isolating during the pandemic, here's how to take this time at home to catch up on your financial admin.
There's no doubt that the recent market sell-off from the coronavirus will have an impact on real estate. The question is, how large and how long.
You've probably seen a lot of talk about the RBA, and other central banks around the world, undertaking quantitative easing in response to coronavirus. Unfortunately, the name does a poor job of explaining what it actually is.
So you've decided to sell your family home. Y you'll need somewhere to put the funds from your sale, preferably somewhere where the value of your money doesn't go backwards - and it's not easy given our low interest rates.
Why is it important not to overlook lenders mortgage insurance? What's the risk of cross-securitising properties? Here are five mortgage traps to avoid.
Buying property on your own is not impossible but you'll be going up against couples with two incomes, so it requires plenty of discipline.
If you're one of the 80% of mortgage holders who stick with the big bank they know but usually don't love, you could be throwing away tens of thousands of dollars.
Around 700,000 interest-only mortgages will convert to principal and interest this year, leaving borrowers owing hundreds more each month. So what are your options?
