XS Finance

13/05/2026

Tax cuts from 1 July increased take-home pay. Lenders use that number. Your borrowing capacity may have shifted. Book a free assessment - https://xsfinance.com.au/ .
Not financial advice.

15/01/2025

Rate Cuts will be happening this year, ANZ has brought its forecast forward to Feb.

ANZ has adjusted its cash rate forecasts, saying that the Reserve Bank of Australia (RBA) will likely cut the cash rate by 25 bps at its February meeting (set for 17–18 February).
This would take the cash rate to 4.10 per cent.
While ANZ had previously moved its prediction of the first cash rate reduction from February to May 2025 (due to stronger-than-expected employment group, good business conditions, and growing consumer confidence), it has now reverted back to a February cut.
It now thinks there will be two 25-bp cuts in this cycle, in February and August 2025, taking the cash rate to 3.85 per cent.
The change in forecast has come following the publication of November 2024 inflation figures, which showed that inflation was lower than they had expected, resulting in updates to ANZ’s December forecasts. New dwelling price growth has also been falling.

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15/01/2025

Happy New Year!

We are proud to celebrate 20th year in the Financial Services industry helping many clients achieve their dreams and goals!

10/12/2024

The Reserve Bank of Australia (RBA) announced the cash rate will remain unchanged at 4.35% after its monetary policy meeting today.

This marks more than a year since the last change, which was an increase of 25 basis points in November 2023.

14/08/2024

As a valued customer, you're invited to attend The Big Scam Education Conversation, hosted by NAB on Thursday 29th August 2024.

We're aiming to have a big conversation about scams with our customers and the community to help protect you, your family and Australian businesses from scams.

30/05/2024

We are excited to share the news that we have become a Canstar Certified Mortgage Broker this is a high-level accreditation only offered to a select few in the industry. This also provides clients the assurance that they are dealing with an experienced Mortgage Broker.

04/07/2023

GOOD NEWS AT LAST!!

The Reserve Bank of Australia (RBA) kept the cash rate at 4.10% at its July monetary policy meeting.

The decision was largely expected by market commentators, as it comes shortly after the Australian Bureau of Statistics released data showing annual inflation fell to 5.6% in May from 6.8% in April.

This suggests the central bank’s 12 previous cash rate increases are having the intended effect.

However, inflation still remains significantly higher than the RBA’s 2-3% target range so more cash rate rises may still be necessary to slow the economy further.

With so much uncertainty about interest rates, it can help to talk to an expert. Contact me if you'd like to discuss your situation and options.

Mortgage broker Melbourne. XS Finance is a mortgage broking firm in Parkdale Melbourne. We offer We offer a range of finance broking services.

04/07/2023

SOME GOOD NEWS AT LAST!!

The Reserve Bank of Australia (RBA) kept the cash rate at 4.10% at its July monetary policy meeting.

The decision was largely expected by market commentators, as it comes shortly after the Australian Bureau of Statistics released data showing annual inflation fell to 5.6% in May from 6.8% in April.

This suggests the central bank’s 12 previous cash rate increases are having the intended effect.

However, inflation still remains significantly higher than the RBA’s 2-3% target range so more cash rate rises may still be necessary to slow the economy further.

With so much uncertainty about interest rates, it can help to talk to an expert. Contact me if you'd like to discuss your situation and options.

www.xsfinance.com.au

27/10/2022

Rental market conditions strongly favour investors!

New analysis has revealed two big reasons why rents, which are already rising steeply, are set to continue increasing.

First, the number of properties listed for rent is much lower than pre-pandemic, in both capital cities and regional areas, according to PropTrack economist Angus Moore. So supply has fallen.

Second, Australian Bureau of Statistics data show a significant increase in migrant and foreign student numbers. That means demand is rising.

"Extra demand from returning migration amid tight housing availability will contribute to the ongoing rapid advertised rent price growth we are seeing," he said.
"We’re already seeing signs consistent with that dynamic. Rents are growing especially quickly in areas that recent migrants typically move to – these are mostly inner-city areas, often near major universities."

Mr Moore said "rents are likely to continue growing briskly" in the foreseeable future.

"Vacancy rates are low across much of the country and, with population growth returning, rental demand shows little sign of tempering."

Get in touch if you need an investment loan!

Mortgage broker Melbourne. XS Finance is a mortgage broking firm in Parkdale Melbourne. We offer We offer a range of finance broking services.

03/05/2022

RBA cash rate raised to 0.35% !!

At its monthly meeting today, the Reserve Bank has decided to increase the official cash rate from 0.10% to 0.35%.
An increase in rates has been highly anticipated following the release of higher than expected inflation figures last week.
There was however speculation that the RBA may have delayed this increase until after the federal election and until it was satisfied there was evidence of sustainable wages growth.
Lenders can set rates independently of RBA movements and their responses to this rate hike may vary.
We deal with multiple lenders every day, so we know just how flexible they can be to keep or win your business.
It never hurts to ask the question, so get in touch to review your options.