Wyze Finance Pty Ltd

08/07/2025

SHOCK DECISION: RBA surprises markets and economists by maintaining the cash rate at 3.85%.

The underlying inflation, as represented by the trimmed mean, fell to 2.4 per cent in May, down from 2.8 per cent in April.

That’s the lowest since November 2021 and well within the RBA’s target band of 2-3 per cent. Economists say that inflation is likely to remain sustainably within the band.

With inflation edging lower, there was widespread talk of a third cash rate cut. Some traders even anticipated back-to-back interest rate cuts in July and August following the falling inflation figures. However, the RBA decided to keep the cash rate on hold for this month at least.

Are you looking to review your home loan interest rate? Are you thinking of purchasing your first home or an investment property? Reach out to us to discuss your finance options.

We can find the right home loan for your specific needs.
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01/04/2025

Ho-hum! Here we go again, back on the Ferris Wheel!

At its latest meeting today, the Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.10%.

RBA governor Michele Bullock highlighted that the board's priorities were bringing inflation down and avoiding a major increase in unemployment.

"Inflation is an ongoing challenge, and we're aiming to get it to the middle of the band of two to 3 per cent and keep it there. We judge that the cash rate is restrictive, helping us to achieve that,” she told reporters at a media conference.

Commenting on geopolitical risks, she added: "One of the things we're cautious about is that policy unpredictability overseas could lead to slower growth. The implications for inflation here, though, in Australia, are less clear."

Bullock said the rate hold was a consensus decision by the board, and that although tariffs did not have a "specific impact" on decision making, the board had questioned what tariffs might do to economic activity globally and inflation domestically.

The RBA next meets on 19–20 May, shortly after the federal election on 3 May. Let’s hope we get off the Ferris Wheel and see a drop in the cash rate after this meeting.

Is your home loan rate competitive? Contact us, and we can complete a health check on your home loan.

08/03/2025

🏆Today we celebrate the strength, resilience, and brilliance of women everywhere! 🏆

The IWD 2025 campaign theme is "Accelerate Action". Collectively, we can Accelerate Action for gender equality.

According to data from the World Economic Forum, full gender parity will not be achieved until 2158, roughly five generations from now, at the current rate of progress.

Focusing on the need to Accelerate Action emphasises the importance of taking swift and decisive steps to achieve gender equality. It calls for increased momentum and urgency in addressing the systemic barriers and biases women face, personally, professionally, and financially.

At Wyze Finance, we aim to assist and support women in reaching their financial goals—whether purchasing their first home, upgrading, downgrading, or purchasing an investment property.

So, together, let's Accelerate Action to speed up the rate of progress worldwide.
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18/02/2025

Yes, finally, there has been a reduction in the cash rate!!

The Reserve Bank of Australia (RBA) has kicked off the first meeting for 2025 with some excellent news for homeowners. The cash rate has been slashed by 0.25% to 4.10%.

All four major banks have already announced they are passing the full 0.25% reduction to variable rate home loans.

If passed on in full, it’s estimated borrowers with a $600,000 home loan will save $92 a month, while those with a $750,000 loan will pocket $115 a month.

For a borrower with a $1 million home loan, the cash rate cut is expected to save them around $153 monthly.

Whether you have an existing home loan or are looking to purchase a property, it's important to ensure your mortgage stacks up against the competition.

Get in touch today, and let’s chat.

25/12/2024

Merry Christmas, everyone! Wishing you a Christmas filled with love, laughter, and the warmth of friends and family.

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10/12/2024

It certainly feels like Groundhog Day!

At its final meeting of 2024, the Reserve Bank of Australia (RBA) kept the cash rate on hold at 4.35 per cent. The decision was widely expected, with headline inflation trending lower. The numbers largely point towards a possible cash rate cut in the first half of 2025.

That’s a wrap on cash rate decisions for 2024. In true Groundhog Day tradition, the cash rate remained flat this year.

The latest figures from the Australian Bureau of Statistics were promising. Annual CPI inflation was 2.8 per cent in the September quarter, significantly down from 3.8 per cent in the June quarter. This was largely due to a fall in prices for electricity (thanks to Energy Bill Relief Fund rebates) and automotive fuel.

However, underlying inflation (as represented by the trimmed mean) was still 3.5 per cent over the year to the September quarter.

“While headline inflation has declined substantially and will remain lower for a time, underlying inflation is more indicative of inflation momentum, and it remains too high,” the RBA said in a recent post-meeting statement.

The next CPI figures are set to be released on January 29, and all eyes will be on the numbers before the RBA’s first meeting of 2025 on February 17-18.

Only one of the big four banks (CBA) believes the RBA will cut the cash rate in February – all of the others are banking on a cash rate cut in May.

With the year fast coming to an end, now is the time to review your home loan and make sure it’s still competitive and meets your needs.

To explore your options, get in touch today.

25/11/2024

The Value of Establishing a Long-Term Relationship with Your Broker

At Wyze Finance, we’re in it for the long haul. We aim to support you with all your big financial decisions at every stage of your life.

Whether you’re looking to buy your first home, next home, an investment property, or another big-ticket purchase, forming a strong relationship with your broker is one of the smartest moves you can make.

Here’s why.

1️⃣ Deal with one person who has your best interests at heart

We are statutory obligated to act in the best interests of our clients when providing credit advice. Banks, however, are not required to operate under the same obligation.

We’ll listen to your financial situation and goals and explain which finance product may be right for you now and in the future.

2️⃣ Make the most of your income and available credit.

We help you use your income and borrowing power wisely to support your lifestyle in the future.

Also, we’re happy to work with your financial planner or accountant to achieve your goals.

3️⃣ Ongoing support

Sometimes lenders reel you in and forget about you once they have your business. In contrast, we’ll be on your team for the long run.

We’ll let you know when something important comes up. If there’s an opportunity to get you a more suitable loan or save money, you can count on us to keep you in the loop.

4️⃣ Manage your loans and stay on top of your financial situation

Your financial situation will change over time. You may get promoted, have a baby, decide to downsize or change your living arrangements.

We’ll be there to help you navigate those changes and support you in making the right financial decisions for you.

⭐️ Let’s start with a chat. Contact Carla, and we can explore how we can support you with your finance journey.

05/11/2024

Luck was on the side of homeowners this Melbourne Cup Day, with the Reserve Bank of Australia (RBA) keeping the cash rate on hold at 4.35 per cent at today’s meeting.

Homeowners hoping for the RBA to continue its run of cash rate holds before Christmas have had their wish granted, following promising inflation data results.

Australia’s inflation rate fell to a 3.5-year low in September. The latest figures from the Australian Bureau of Statistics showed the Consumer Price Index (CPI) rose 0.2% this quarter.

Annual CPI inflation was 2.8 per cent in the September quarter, significantly down from 3.8 per cent in the June quarter. This was largely due to a fall in prices for electricity (thanks to Energy Bill Relief Fund rebates) and automotive fuel.

Headline inflation continues to trend lower, but underlying inflation remains persistent, according to a recent statement from the RBA.

“Policy will need to be sufficiently restrictive until the Board is confident that inflation is moving sustainably towards the target range.”

February or April next year is looking like the earliest possibility of a cash rate cut.

To review your home loan and find out whether you could be getting a more competitive interest rate elsewhere, chat to us.

You may also be able to switch to a loan with interest-saving features that could help you get ahead faster.

To explore your options, get in touch today.

01/10/2024

Is that a crack in the wall or just a cleverly positioned pot plant?

Home stylists use all sorts of tricks to stage properties to sell.

Here’s how to see through the smoke and mirrors and avoid buying a lemon.

Home stylists can be very clever at making you fall in love with a property. It’s their job to help you imagine yourself living there, or to imagine your ideal tenants in the property.

28/09/2024

If you're considering purchasing an investment property through your SMSF, expert advice is essential. Start by consulting your Financial Advisor, as SMSFs come with strict ATO borrowing rules and regulations.

Once you’ve received the right advice, we’re here to help with the next step—securing your SMSF loan.

We'll collaborate with your Financial Advisor to ensure your loan structure is set up correctly, making the process as smooth as possible.

Reach out to discuss your SMSF lending options today!

27/09/2024

I had a fabulous morning yesterday at the Sutherland Shire Business Chamber AGM and breakfast.

Guest speaker Dani Jackovich shared her inspirational journey to become a member of the Australian Olympic Women's water polo team. In the semi-final match, the team had a sensational upset win over the defending champions, USA. The team then won a silver medal after a close loss to Spain. Dani is a member of the Cronulla Water Polo Club.

To top the morning off, Wyze Finance received five years of membership recognition from the Business Chamber, plus a bottle of red! Win-win all round!

26/09/2024

Thinking about rentvesting? Here are a few key points to consider before diving in:

Smaller Deposit, Fewer Perks: While rentvesting might make it easier to save for a deposit, you won't qualify for first-home buyer schemes since you'll be investing, not living in the property.

Ongoing Costs: Budget for mortgage repayments, maintenance, and other property expenses—plus your own rent. Rental income may help, but plan ahead!

Higher Interest Rates: Investor loans usually come with higher interest rates than owner-occupier loans, meaning larger mortgage repayments.

Tax Implications: Be prepared for tax responsibilities, including potential capital gains tax when you sell. An accountant can help you navigate these details.

Rentvesting can be a great strategy, but make sure you understand the full picture! 🏡