19/03/2026
Fuel prices could impact your borrowing capacity - despite the fact that the RBA increased rates this week, it is likely there is more change ahead. Inflation will rise, and importanly the way lenders view your household expenses will impact your borrowing capacity.
The news isn't all bad - though it's hard to find a positive headline!
Read the latest article we've been quoted in, which has been distributed across the country. Then when you get home today or perhaps this coming weekend try these tips to reduce your monthly spend or build a buffer into your finances...
1. Call your bank for a rate discount on your current mortgage
2. Review the last 30 days of your transaction account and identify all your regular payments
3. Cancel the payments you don't need/use or want to pay for anymore
4. For the important things you have to keep (Car insurance, home insurance, Health insurance, Energy and, phone, and other utility bills) Call your provider and ask for a discount
5. Change your mortgage or loan repayments from monthly to Weekly or fortnightly - you wont notice the difference and you will make an extra payment each year - this will add up over time and help you build a buffer
Why not drop us a comment and share some of the savings you managed to make for yourself!
https://www.realestate.com.au/news/banks-are-cutting-home-loan-approvals-as-soaring-fuel-costs-hit-family-budgets/?campaignType=external&campaignChannel=syndication&campaignName=ncacont&campaignContent=&c
A weekly petrol fill-up has become the unlikely enemy of property dreams, with banks now using bowser receipts to determine mortgage eligibility.