Coastline Home Loans

01/10/2025

The new 5% Deposit Scheme is now live, with expanded eligibility and unlimited places. This will support more home buyers to make it easier for more Australians to enter home ownership.

High level changes from the previous scheme:

No maximum income thresholds
Unlimited spaces
Property Price Caps have been increased to $1.5m from $900k in NSW Metro and Regional
2 Streams available - General Stream and Single Parent Stream

If you would like any further information on the changes with the 5% deposit scheme please get in contact and we will be more than happy to answer your questions.

26/08/2025

From the 1st of October 2025, all eligible first-home buyers now have access to a 5 per cent deposit guarantee with no income or place caps. For more information please contact Coastline Home Loans and we can assist with all of your borrowing enquiries.

Industry bodies have welcomed the eagerly awaited expansion of the Home Guarantee Scheme, with the start date brought forward and property price caps increased.

18/02/2025

The Reserve Bank of Australia (RBA) has today decided to decrease the cash rate by 0.25% to 4.10%, the first decrease since November 2020.

Today's welcome news for mortgage holders is the result of the RBA being confident that inflation is remaining steady, with the current headline inflation rate at 2.4% according to the latest December 2024 data.

At their next meeting on 1 April 2025, the RBA will be closely monitoring the impact today's decrease has on the economy.

Whether you're considering refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be an advantageous time to review your financial strategy.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

05/11/2024

The Reserve Bank of Australia (RBA) has announced a hold on the cash rate of 4.35% at today's meeting.

The decision to keep the cash rate unchanged reflects a balance between domestic and global economic factors. Inflation in Australia is currently at a three-year low, with the Consumer Price Index (CPI) rising by 2.8% over the year from September 2023 to September 2024. However, policymakers are also mindful of the upcoming U.S. election, the outcome of which has the potential to influence global markets.

Forecasts from major banks and economists suggest we won't see any significant changes to the cash rate until February 2025 at the earliest, with some suggesting it could even stretch to May 2025.
Today's decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you're considering buying a new home, refinancing your mortgage to secure better terms or exploring property investment opportunities, now could be a good time to review your financial strategy.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

24/09/2024

The Reserve Bank of Australia (RBA) has just announced a hold on the cash rate of 4.35% at today's meeting.

August 2024 data shows unemployment rates steady at 4.2% but this is up from a low of 3.5% in mid-2022. The US Federal Reserve reduced its interest rates by 0.50% to 4.75% last week to limit further deterioration in their job market and economists here are predicting that labour markets are the key to curbing inflation.

Previous forecasts from some of the big four banks, which had suggested a rate cut may happen in November 2024, are now indicating that the RBA is unlikely to lower rates until the new year.

Today's decision underscores the importance of staying informed about economic developments and their potential impact on your finances.

Whether you're considering buying a new home, refinancing your mortgage to secure better terms or exploring avenues for property investment, now could be an advantageous time to review your financial strategy.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

01/08/2023

For the second consecutive month, The Reserve Bank of Australia (RBA) has decided to hold the official cash rate at 4.10%.

The decision to keep the official cash rate at 4.10% follows the annual household inflation rate falling from 7% in the March quarter to 6% during the June quarter.

If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

25/05/2023

With 11 interest rate hikes over the past year, many people are now feeling the pain of significantly higher home loan repayments, and general Living Expenses. Or you may have an existing cheap Fixed Rate due to expire shortly.

Kate is now working full time as a broker and is ready to perform a free “Health Check” on your home loan. We can approach your current bank to obtain the best discounts they will offer, plus show you alternate option with other lenders….There is a lot of competition at the moment

If you or anyone you know are feeling mortgage stress at the moment, or would just like a free home loan review, we are here for you and happy to help :)

You can contact Kate at [email protected] or Brett at [email protected]

07/06/2022

The Reserve Bank today decided to increase the cash rate, by 0.50% to 0.85%.

The RBA has made the decision to increase rates primarily as a lever to return inflation to its target levels, which is currently sitting higher than target at 5.1%.

Wage growth is currently at 2.4%, which in real terms is -2.7% (inflation less wages growth). This means that Australian workers would be increasingly worse off if inflation is not reigned in.

Lenders can set rates independently of RBA movements and their responses to this rate hike may vary.

I deal with multiple lenders every day, so I 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.

03/05/2022

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.

I deal with multiple lenders every day, so I 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.

06/07/2021

As anticipated the Reserve Bank board maintained the official cash rate at 0.10% today.
Despite the economic handbrake from the latest round of COVID-19 lockdowns, some economists are speculating that the RBA has underestimated the strength of the economic recovery, leading to predications that rates will start to increase towards the end of 2022.

RBA governor Phillip Lowe is scheduled to hold a Q&A session following today's meeting which is expected to shed more light on the central bank's thoughts on the direction of monetary policy.
Rates are at a record low and lenders continue to offer very competitive rates.

We can answer your questions and look at your circumstances to make sure you're prepared for what could be coming next. This could mean refinancing or approaching your lender for a better rate. Because we do this type of work every day, we have a pretty good idea what lenders can do to win or keep your business.
We're here to help if you have any questions. Please don't hesitate to give us a call.

09/05/2021