Following its March 2022 meeting, the U.S. Federal Reserve (Fed) announced an increase in policy rate by 25 basis points to 0.50 percent. In line with market expectations, it is the first increase in borrowing cost since 2018. Fund managers and economists believe Australia could follow suit soon. The Fed’s move comes as inflation rages...
Did you know? South East Queensland recorded a population growth rate of 1.6 percent in the 12 months to 30 June 2020, above the national average. The Australian Bureau of Statistics projects that there will be an additional 1.58 million residents between 2020 and 2041 to reach 5.35 million. This equates to 79,000 new residents,...
Interest rates could begin to rise in the coming months after inflation in the December quarter exceeded expectations. The Reserve Bank of Australia (RBA) has been forced to rethink its economic stimulus after the Consumer Price Index (CPI) rose by 1.3 percent in December, up from a 0.8 percent rise in the previous quarter....
The Australian Prudential Regulation Authority (APRA) recently increased the minimum interest rate buffer on home loan applications, from 2.5 to 3 percentage points. Residential real estate values have jumped 20.3 percent in last 12 months, and the restrictive move has arisen amidst concerns over the number of buyers borrowing over six-times their pre-tax income. APRA chairman...
The market has shifted. Now is the time to place yourself in a stronger negotiating position, and take advantage of what is on offer. Securing finance approval will put you one step ahead of the game. It will help you understand your borrowing capacity and get you the green light from a lender, that they...
Refinancing has become somewhat of a trending buzzword… Now is the time to review your current loan situation with FIA, and consider alternative, and more attractive financing options on offer. Refinancing Strategies On-trend: As things stand, Australia’s current cash rate is 0.10%, which is a historic low. This has a significant impact on the interest...
Finance Industries Australia Pty Ltd ABN 81 619 871 788 is authorised under LM Broker Services Pty Ltd Australian Credit Licence 517192. The information provided on this site is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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