With mortgage interest rates starting to rise, a lot of people are starting to think about buying their first property or upgrading to their next home. With a good chance that interest rates will rise again before Christmas, the media is getting on board too with plenty of surveys, advice and features about who will be buying, where, and how they will afford to pay their mortgage back. Continue Reading »

You know how people always ask if you want the good news first, or the bad? That seems to suggest good and bad news always come together, and this week that seems to be true again. Let’s start with the good news in Australia: unemployment figures are looking healthy. Continue Reading »

While Australians are still enjoying mortgage rates a lot lower than past years, that interest rate figure is creeping up. Last week, while many Australians were distracted from some kinds of money matters by the more pressing issue of how much money they could win on the Melbourne Cup, the big four banks raised their variable mortgage interest rates to match the official 25 basis point increase from the Reserve Bank. Continue Reading »