Altitude Finance

05/04/2023

After 10 consecutive months of interest rate flogging, the RBA have decided to take a 'pause' on raising official interest rates. But are warning us the pain is not yet over.
Key indicators show household spending has slowed. Inflation is still too high but easing.

This is the biggest hiking cycle since the early 1990s! Have they have gone too hard, too fast... this is yet to be seen and will play out in the coming months and into next year.

Westpac chief economist Bill Evans, recently said that he was expecting up to seven interest rate cuts by 2024/25.

24/03/2023

Australia’s rapidly increasing population is the main factor that has caused property prices to surge to unaffordable levels and not interest rates or tax breaks according to a new report.

07/02/2023

The 9th Interest Rate Rise in a Row has been delivered to us today. The cash rate now sits at 3.35%.

RBA governor Lowe says "There is uncertainty around the timing and extent of the expected slowdown in household spending."

He anticipates more rate hikes to come as inflation remains "stubbornly high at 7.8 per cent, and the RBA is resolute on returning inflation to between 2 and 3 per cent."

Need help with your mortgage? reach out here or via our website

06/02/2023

The Borders are re-open. What does this mean for rentals?

There appears to be no end in sight to the extraordinary demand for rental properties in the capital cities. Rental listings are down 26.3% year-on-year to the lowest they’ve been since February 2003.

A huge influx of students and expats are returning with the borders fully open. More than 40,000 Chinese students are expected to fly back into Australia for the start of first semester.

Investors can take some solace in the rental price increases to help offset the recent rate rises and to bolster serviceability when applying for finance.

We can help with finance for Expats and Permanent Residents.
..read more on our website blog

14/09/2022

What time is it on the Property Clock?

The property clock is a method to 'tell the time' on the residential property market all around Australia.

Timing the market is not always easy and if you get it wrong it can cost you tens of thousands or more! This is one basic but effective tool to be consulted when...

https://altitudefinance.com.au/blog/what-time-is-it-on-the-property-clock

The Property Clock can help you determine the best time to buy and sell property

03/08/2022

Another month, another cash rate rise. Not unexpected. The Reserve Bank of Australia (RBA) increased the cash rate a further 50 basis points to 1.85 per cent. Still at very low levels, but the extremity of month after month of 50 points is grating, while you could argue necessary as one lever towards curbing the inflation problem.

What? but they said no rises until 2024...

month after month of 50 points is grating, while you could argue necessary as one lever towards curbing the inflation problem.Read More

27/07/2022

As long as we learn from our lessons, rather than keep repeating them

10/06/2022

WOW! Altitude Finance have changed my live, when I had previously tried to refinance I was put in the too hard basket and people never got back to me - not Andrew, he took me on and supported me over every hurdle or/and barrier. I was new to the language and expectations, Andrew was patient, supportive and knew everything - he was able to explain what was required and how to obtain it quickly!!! Altitude Finance are highly recommended, I can't talk enough about them - thank you so much Altitude Finance/Andrew

07/06/2022

Boom! upper cut! another 50 basis point rate rise today from the reserve bank of Australia - taking no prisoners today