Specific to QLD | Justin Rappolt, Australian Home Mortgage Director2023 brings challenges for first home buyers however also support from the banks and government. There is conflict, Interest rates have been steadily increasing since May 2022, which decreases borrowing capacity across the board. A limitation for First Home Buyers is…
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In Simple Terms; The statement is usually within the context of your Home Loan, however also impacts other credit facilities and savings accounts. Statement refers to the Cash Rate. The Reserve Bank of Australia (whom control monetary policy) set a cash rate goal (typically once per month). The technical RBA…
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