Growth Finance Group

15/09/2022

As expected, RBA cash rate for September increased to 2.35%

As widely expected, the Reserve Bank of Australia (RBA) today increased the official cash rate by 0.50% to 2.35%.
This brings the total of increases made since May to 2.25% as the RBA continues to battle a very stubborn inflation foe. In making this latest increase our central bank will have had a close eye on the spiraling cost of living and falling house prices, however has made its intentions to prioritise controlling inflation very clear.

Lenders can set interest rates independently of RBA movements, and their responses to this official cash 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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

02/08/2022

💥💥RBA rises August cash rate to rein back inflation💥

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate by 0.50%% to 1.85%%.

The increase follows a slightly better than expected annual inflation figure of 6.1 per cent in the June quarter and falling house prices in some eastern state cities.

Balancing out these factors is an unemployment rate of 3.5%, the lowest rate in almost 50 years.

The RBA faces a challenging period as it weighs up trying to rein in inflation against the spiraling cost of living.

Lenders can set interest rates independently of RBA movements, and their responses to this official cash 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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

23/07/2022

🔥Research and having the right people to help you are the keys when investing in property.🔥

💥💥It definitely pays to do your homework on the property market before you dive in, and we’re thrilled to be on board to help you when it comes to financing your decision. Recent share market slides, tight rental markets in most capital cities and a whiff of increase in property prices are seeing many mum and dad investors retreat to bricks and mortar.

Generally, property in Australia is still considered to be a sound investment due to steady and consistent increases over time.

But it’s not a quick win. Property usually has a seven to ten year cycle, with highs, lows and steady stints in between.

Fortunately, an ongoing housing shortage in Australia and a tax system that allows negative gearing on property (where any investment losses can be claimed as tax deductions) continue to favour housing as a solid, long-term investment.

But credit has tightened in the wake of the Global Financial Crisis so lenders are more cautious about who borrows and for what. We are here to help find the right lender and loan for your circumstances in this new environment. We can also wade through the many investment loan options on offer, leaving you more time to find the ideal property.

It never hurts to ask the question, so get in touch to review your options.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

19/07/2022

💥💥As expected, RBA cash rate once again increased for July💥

The Reserve Bank of Australia (RBA) today decided to increase the official cash rate, by 0.50% to 1.35%.
With the RBA continuing to try and head off inflation before it takes too strong a hold on our economy, the decision was made to raise the rate.

Lenders can set interest rates independently of RBA movements and their responses to this official cash 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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

03/05/2022

💥💥As expected, RBA cash rate has increased for May

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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

28/04/2022

💥Refinancing your home loan💥

As time marches on, situations change. Perhaps you’ve changed jobs? Or there’s a new addition to the family? Maybe you would just like a better rate? Maybe it’s the advent of school fees, or perhaps the kids have flown the coop? Or maybe that leaking shower or tired kitchen has just reached the end of its life.

A shift in circumstances may mean it is time to revisit your home finances. For many, the idea of refinancing a mortgage can be daunting. Fees and fixed versus variable interest rates need to be considered.

The right refinanced loan might help you to pay off your mortgage faster and for less, clear unhealthy debt or upgrade and add value your home, all of which are steps in the right direction.

It never hurts to ask the question, so get in touch to review your options.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

23/04/2022

🤩🤩Building a new home

💥💥New home sales are back on the rise, fuelled in part by many investors and owner-occupiers buying off the plan. The concept is straightforward: put up a deposit (usually 10 per cent) to help the developer fund construction and pay the balance when the build is complete. Apartments are now springing up at a rapid rate in capital cities and popular holiday locations with the confidence that property prices will rise, handing buyers a tidy capital growth when they eventually take possession.

Developers sell off the plan to entice as many sales commitments as possible to then secure from their lender the finance they need for the build. Because buyers are essentially handing over their deposit for the promise of an apartment they won’t see for one to two years (or more), prices are set at current market rates with incentives often offered to entice buyers. This adds to the capital gain potential, but price rises are never guaranteed, as we have seen in past years.

In exchange for your deposit, the developer should provide a contract that outlines the details of your particular purchase, the completion date for the development and the deadline for when a decision must be made as to whether the development will go ahead. That decision usually hinges on whether sufficient finance has been secured. If the developer pulls the pin or passes the decision deadline, you should be entitled to a refund of your deposit, but this depends on the conditions of the sale contract, so it pays to read this document carefully and if required seek financial or legal advice. Full payment for the property is not required until settlement, which is usually one to three months post completion.

While buying off the plan looks great on paper and can reap rewards, getting in on the ground floor of a new development is not always a fast track to making money. Haven looks at how you can make the most of the opportunity and avoid some of the common pitfalls.

Top Tips
👉 Investments like this are big decisions, so investing in the right professionals to have onside before you commit is money well spent. Ensure you get professional legal advice on any contract before you sign it and that you speak with your financial advisor or tax professional to make sure you’ve got the right advice from day one.
👉 Make sure your deposit will be refunded if the project doesn’t go ahead by a certain date.
👉 Make sure the contract contains as much detail as possible about the finished prod
👉 Be clear on what finishes and fixtures you can customize.
👉 Find out if you can on-sell during construction in case your circumstances change.
👉 Ask if you can inspect the site during construction.

It never hurts to ask the question, so get in touch to review your options.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

15/04/2022

Let’s buy a home together.

It’s a big decision, so it’s good to have someone there to help you make the right one.

Buying a home is one of the biggest things you’ll do in life. We’re here to help you by making sure you have the info and options you need to find the finance solution you’re looking for (for the house you want).

There are so many home loans to choose from, with new ones always being introduced, not to mention special offers and other ‘deals’. As a broker we’ll not only help you find a loan that suits your particular needs, but we’ll also help you complete the paperwork, and submit the application for you.

It’s why more than half of Australian borrowers now use a broker to secure a home loan.

Top Tips
👉 Investments like this are big decisions, so investing in the right professionals to have onside before you commit is money well spent. Ensure you get professional legal advice on any contract before you sign it and that you speak with your financial advisor or tax professional to make sure you’ve got the right advice from day one.
👉 Make sure your deposit will be refunded if the project doesn’t go ahead by a certain date.
👉 Make sure the contract contains as much detail as possible about the finished product.
👉 Be clear on what finishes and fixtures you can customize.
👉 Find out if you can on-sell during construction in case your circumstances change.
👉 Ask if you can inspect the site during construction.

At anytime on your home buying ‘journey’, feel free to give us a call or email us and we’ll do everything we can to make it easier for you.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

05/04/2022

💥💥The RBA has remained consistent in wanting to see a sustained period with inflation in their 2-3% target range and steady wages growth before raising the cash rate.

With global uncertainties remaining and modest wage growth, expect the Reserve Bank to continue to closely monitor supply chain disruptions, increasing energy prices and global events. The RBA has committed to patience in determining when inflation is sustainably at target.

With record-low rates on hold for the moment, competitive terms are still available to borrowers who act now.

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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

The RBA has remained consistent in wanting to see a sustained period with inflation in their 2-3% target range and steady wages growth before raising the cash rate. With global uncertainties remaining and modest wage growth, expect the Reserve Bank to continue to closely monitor supply chain disrupt...

04/04/2022

💥💥As widely expected, the RBA board confirmed today that the official cash rate would again remain at 0.10%.

With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year.

The Central Bank will be closely monitoring for any signs of additional inflationary pressure. Particular focus will be on price rises due to commodity supply chain issues resulting from Russia’s invasion of Ukraine and the flood disaster in Queensland and Northern NSW.

With record-low rates on hold for the moment, competitive terms are still available to borrowers who act now.

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.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

As widely expected, the RBA board confirmed today that the official cash rate would again remain at 0.10%. With inflation now within its target band of 2-3%, markets have been speculating the RBA will increase rates as early as June this year. The Central Bank will be closely monitoring for...

18/05/2021

💥💥A new way to quickly and securely share your banking data could help you take more control of your finances.
With all the news about Covid last year and its financial impact – interest rates, loan repayment pauses, financial relief packages, government building incentives and so on – you may have missed the news that open banking has begun in Australia. Open banking promises to be a game-changer in the way we can all better manage our money.
So what is open banking? Let me shed some light on what it is and what it means for you.
In essence, it’s a simpler and more streamlined way to share your banking data with approved lenders and financial technology companies, which could in turn help you find a better deal on your banking products and switch lenders more easily.
If you want to have a chat regarding your individual circumstances, and how they influence your home loan situation, please get in touch.
📍 Suite 8, 176 Main Street, Osborne Park, Wa, 6017
🌎 www.growthfinancegroup.com.au
📧 [email protected]
☎️ 1300 306 385
📱 0430 737 166

A new way to quickly and securely share your banking data could help you take more control of your finances. With all the news about Covid last year and its financial impact – interest rates, loan repayment pauses, financial relief packages, government building incentives and so on – you may...

03/11/2020

🤩🤩In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of 0.1%.

As the country tunes in for the 2020 Melbourne Cup, the cash rate decision for November has been announced and rates have been cut. In response to the economic impact being caused by the COVID-19 crisis, the RBA reduced the cash rate by 0.15% to a new record low of...