Generation Financial Services

05/05/2026

As you may know, the RBA has lifted interest rates today. It just makes balancing the books that bit harder for everyone. In terms of what's ahead, there is a real mixed bag of views amongst the financial analysts. Some are indicating there could be another 2 or 3 rate hikes to come while others are saying this one today could be the last. If the economy turns down sharply then today's hike might be the last. But it would be wise to prepare for the possibility of at least one or two more.

06/06/2023

Some tough news today with another rate rise from the RBA. For borrowers that have bought recently and taken out a large loan it is going to be another hit to already strained cash flows. There are still some great refinancing offers available with cash bonuses of $4,000 and really good interest rates so get in touch if you wish to discuss ways to reduce your mortgage repayments.

02/05/2023

Hi Everyone, in a rather shock move the RBA increased rates by 0.25% today. That's going to hurt a lot of people already under the pump from cost of living pressures and rising home loan repayments. If you wish to review your finances to see if you can make some savings just get in touch with us here at Generation Financial Services.

04/04/2023

Some good news for mortgage holders today - The Reserve Bank of Australia has decided to keep interest rates unchanged. Going forward there is still a possibility rates could go higher but it will depend the level of inflation and other economic factors. But for now it is good news!!

02/11/2022

The RBA raised interest rates by 0.25% yesterday and the banks are already passing these on to mortgage holders. Many economists are tipping another one or two 0.25% rises before the RBA pauses to see how the economy holds up. Hopefully they are right and we are getting to the end of the rate rises. Competition in the variable rate market is hot and some banks are still offering variable rates closer to 4%. With cost of living and loan repayments going through the roof now is the time to make sure you are getting a good deal. Just get in touch for a review.

06/09/2022

The RBA increased the cash rate by 0.5% today. Not great news for mortgage holders. Some good news is that home loan competition is fierce and there are still many banks with variable rates below 4%. Some are also offering cash bonuses of up to $6,000 when re-financing. With rates rising fast there has never been a more important time to ensure you a getting a good deal from your bank. At Generation Financial Services we are just completing a full review of all of our clients interest rates and have had a lot of success in negotiating our clients variable rates down on their behalf. If you would like to review your home loan or enquire about our services just get in touch.

01/08/2022