Kairos Financial - Professional Mortgage Brokers

01/08/2023

RBA UPDATE | Effective August 2, 2023

After their board meeting, the Reserve Bank of Australia (RBA) has announced their third hold this year. The official cash rate will remain steady at 4.10% for another month, giving Australian homeowners a much-needed reprieve.

Dr Philip Lowe, Governor of the RBA stated, “The higher interest rates are working to establish a more sustainable balance between supply and demand in the economy”. However, while the nation’s inflation rate is declining, Dr Lowe and the board warm that it “is still too high at 6 per cent.”

“The outlook for household consumption is also an ongoing source of uncertainty. Many households are experiencing a painful squeeze on their finances, while some are benefiting from rising housing prices, substantial savings buffers and higher interest income,” explains Dr Lowe.

According to new data from S&P Global Ratings, households in the outer suburbs of the major capital cities are showing to be the most affected by the ongoing rate increases. Mortgages ‘more than 30 days late’, are highest in Sydney’s south-west region, with 2.5% of borrowers behind in their repayments. Followed by borrowers in Perth’s north-west, Melbourne’s north-west, as well as Sydney’s outer west and the Blue Mountains area; all of which are sitting around 2%.

Get in touch with our finance professional if you would like to evaluate your current financial situation to ensure it is still suitable for your needs.

18/07/2023

ANZ economist predicts rates will remain on pause.

It was previously thought that interest rates would peak at 4.6% However, as ANZ senior economist Adelaide Timbrell explains, the Reserve Bank appears optimi...

04/07/2023

RBA UPDATE | Effective July 5, 2023

The Reserve Bank of Australia (RBA) made the decision to hold the official cash rate at 4.10% in light of the data released last week, showing that inflation had eased; now down to 5.6%.

Dr Philip Lowe, Governor of the RBA again made mention in his statement, that while Australia’s inflation has passed its peak, further tightening will keep occurring until targets are met in a “reasonable timeframe”.

“High inflation makes life difficult for everyone and damages the functioning of the economy. It erodes the value of savings, hurts household budgets, makes it harder for businesses to plan and invest, and worsens income inequality,” explained Dr Lowe.

Holding the official cash rate this month will allow time for the Board to better assess the state of the economic outlook and accompanying risks. However, Dr Lowe warned that “the Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that.”

The coming months expect to see large numbers of Australian borrowers rolling off their record-low fixed-rate mortgages, taken out in 2020. Homeowners could face an increase in repayments by up to 65%. Fortunately, with proper preparation, mortgages holders can effectively navigate the upcoming fixed interest rate cliff with the help of a mortgage or finance professional.

15/06/2023

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💰 What you need to know about refinancing to make it work for you 💰⁣
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When done right, refinancing can help you save thousands in mortgage repayments. 🤑⁣
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A lower interest rate, lower fees, access to equity and the right features can seriously benefit you. ⁣
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But there are some hidden costs you need to be aware of:⁣
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🔴 Fees - mortgage discharge fees, application fees, and possible lenders mortgage insurance (depending on your circumstances) … these costs can add up. ⁣
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🔴 Loan duration - increasing your loan duration can lower your mortgage repayments now and help you out of a jam. But it will lead to paying more in interest over time. ⁣
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Rest assured, we know all the ins and outs of refinancing and can help you avoid any costly pitfalls. ⁣
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To find out more, DM us or contact us on
www.kairosfinancial.com.au

☎ – 0450 808 386
💻 – [email protected]
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09/02/2023

With interest rates and the general cost of living increasing all around us, there is no better time to refinance and save some $$$. The five reasons why you should consider refinancing your home loan.

Get in touch today to see how we can save you money and years off your mortgage by calling us on 0450 808 386 or by following the link below.
https://kairosfinancial.com.au/

06/12/2022

In an unwanted but not unpredictable move, RBA has increased the official cash rate by 0.25% making it 3.10%.

The consecutive rate rises in the last few months have been dubbed as the most aggressive since 1994 and are being driven by excessively high inflation rate which sits at 6.9% as of October 22

To see what options you have with your mortgage and if you could potentially save by refinancing, call

📲 Kairos Financial 0450 80 8386

Available 7 days.

23/10/2022

May this Diwali Light up New Dreams, Fresh Hopes, Undiscovered Avenues, Different Perspectives, and Everything Bright & Beautiful, And Fill Your Days with Pleasant Surprises & Moments. Happy Diwali 2022 🙂

02/09/2022

Refinance and save.

If you haven’t checked in on your loan in the past 6 months – it’s time.

Refinancing can help you:
- access a lower interest rate and lower fees
- access more suitable loan features and better customer service
- consolidate your debts
- increase your loan size to finance a renovation or purchase an investment

Get in touch with us, if you'd like to discuss your refinancing options.

Call us today on:
📱 0450 808 386
to speak to an experienced broker.

🌐 www.kairosfinancial.com.au

✉️ [email protected]

📍 77 Mackie Rd, Mulgrave VIC 3170

25/08/2022

Will the house price go down?

The property market in Australia is currently in correction mode, with prices falling faster than anticipated.

Westpac has forecasted an 18 percent fall in property prices in Sydney and Melbourne by the end of next year. This means that Sydney's median house price could fall from $1,374,970 to $1,138,475, when compared with December 2021 according to CoreLogic data series.

The Melbourne market falls are made up of 8 percent this year, and an additional 10 percent next year. One of the reasons that Westpac noted is that Melbourne is more sensitive to a immigration slowdown.

Westpac senior economist Matthew Hassan said '"The housing downturn that began at the start of the year has accelerated and broadened over the last three months, driven by a rapid series of large rate rises from the RBA,"

18/08/2022

Did you know in 2021 investment scams caused the highest financial loss to Aussies, with losses totalling $701 million*?

If something sounds too good to be true, it usually is 😒

Investment scams can be hard to spot, so it's important to stay alert and protect yourself. If you spot one of the following situations, it might be a scam, so watch out! 😲

⭕ You receive a call (you might even request a call from an advisor on a website you’ve found) providing you with information on what sounds like a great opportunity or plan, with high returns and low risk.

⭕ You’re offered training using remote access programs that give advisors control of your computer.

⭕ When you're provided a prospectus document or link to a professional looking website, make sure you do your own research outside of this documentation to assess its credibility.

⭕And remember, anyone who coaches you on what to tell the bank, is likely a scammer.

*Data source: Targeting Scams - Report of the ACCC on scams activity 2021

29/07/2022

Inflation can turn negative in 2023

Inflation could turn negative by late next year as petrol prices decline and supply chain pressures ease, allowing the Reserve Bank of Australia to avoid being too aggressive on interest rate rises.
Economists expect some major global inflationary pressures to be temporary and Australia’s quarterly headline inflation to be low or negative by the final quarter of calendar 2023.
An expected easing of inflation pressures next year meant the RBA should not lift the cash rate too far above the estimated 2.5 per cent neutral rate, said Outlook Economics director Peter Downes.
The 6.1 per cent annual inflation rate for the June quarter reported on Wednesday meant a 0.5 of a percentage point rise was likely on for next week, said Commonwealth Bank of Australia economist Gareth Aird.
“We believe the case to move the cash rate by more than 50 basis points at the August board meeting is weak,” Mr Aird said.

11/07/2022

Getting a home loan – especially for the first time – can be complicated, stressful and emotional. We get it. That’s why we’re here – to help you make informed choices and guide you expertly through this very important transaction. We aim to find you a competitive loan, negotiate on your behalf, assist with the paperwork and liaise with your agent. You’ll have your feet up in your new home before you know it.

Call us today on:

📱 0450 808 386

to speak to an experienced broker.

🌐 www.kairosfinancial.com.au

✉️ [email protected]

📍 77 Mackie Rd, Mulgrave VIC 3170