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We regularly provide updates and commentary on the finance industry in Australia. Feel free to provide your thoughts.
đ End the Year on a High Note with PPM Finance! đ
As we approach the holiday season, itâs the perfect time to reflect on your financial goals and prepare for whatâs ahead in 2025. đĄ
At PPM Finance, weâre here to help you make the most of potential interest rate changes next year. While the RBA is unlikely to cut rates until May 2025, itâs never too early to take control of your finances:
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Reprice Your Loan Now: Donât wait for lenders to actâget ahead of the game with our expert support. smpl.is/9y07k
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Enjoy Free Rate Monitoring: Our RateTraker tool keeps you informed and ensures youâre always getting the best deal. smpl.is/9y071
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Refer a Friend & Save Together: Share the benefits of PPM Finance with your friends, and theyâll enjoy free rate reviews and monitoring too!
Let us help you start 2025 with confidence. Contact us today or tag someone who could use expert mortgage advice this holiday season. đ
đ Visit us on Sydney Road or check out our ad in The Brunswick Voice smpl.is/9y07l
#PPMFinance #MortgageBroker #RateCuts #HolidaySavings #BrunswickVoice
đš Reality Check: What RBA Rate Cuts Really Mean for You đš
With the RBAâs December 10 decision behind us, itâs clear that theyâre unlikely to cut rates until May 2025. But before you get your hopes up for rate cuts, hereâs what you need to know:
đĄ In past rate-cutting cycles, lenders passed on only about 60% of the RBA's rate cuts to existing customers. Some didnât pass on anything at all!
Hereâs my advice to stay ahead, no matter what the RBA decides:
1ïžâŁ Donât count on a full rate cut. An RBA cut doesnât guarantee your lender will follow suit.
2ïžâŁ Avoid relying on rate cuts in your budget. Theyâre not guaranteed. If they do happen, keep your repayments the same to build a buffer, save on interest, and reduce your loan term.
3ïžâŁ Take control now. Sign up for RateTraker and Iâll monitor your loan to ensure itâs repriced if the bank doesnât pass on the full cut. smpl.is/9xxyk
đ Check out the graph below to see how much of the last rate cut cycle wasnât passed on by lenders. Donât waitâsign up for RateTraker today and stay ahead of the game!
#MortgageTips #RateTraker #HomeLoan #InterestRates #RBA #Finance #StayAhead
The latest CoreLogic insights reveal that while economic indicators are improving, we're still not quite at the finish line for a rate cut. With data moving in the right direction but inflation and wages growth still holding sway, the Reserve Bank remains cautious. This is a key reminder for anyone with a mortgage to stay proactive. Keeping a close eye on ratesâand ensuring you're getting the best dealâis more important than ever. Make sure you're not left behind when rates do moveâSign up to RateTraker today to stay ahead!
#PropertyMarket #mortgagebroker #InterestRates #FinanceUpdates #ratetraker
smpl.is
There werenât many punters betting on a rate cut on Melbourne Cup Day, with financial markets allocating only a 5% chance the RBA would reduce the cash rate by twenty-five basis points.A big thank you to the WBP Group for consistently delivering high-quality insights into the property market. Their latest Australian Property Market Update (May 2024) offers some compelling takeaways.
One point from Melbourneâs residential market caught my attention:
After a strong start in 2024, stock levels are tapering, with investor-grade properties seeing increased supply due to higher borrowing costs and land tax, affecting investor confidence. Building approvals are also at their lowest in over a decade.
Read the full update here:
Australian Property Market - WBP Group Market Update May 2024 - WBP Group
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 The 2023 property market proved to be one of surprise, but also of challenge. With rising interest rates, inflation and increasing cost of living impacting consumer confidence, the Australian prope...Inflation post-COVID has been a hot topic, but could we have avoided some of the impact? Finance & Insurance (interest costs) and Transport (CPI increases from fuel tax) both pushed inflation higher. If these pressures were managed differently, we might be in a better position. A big question for the RBA and the government to consider. #Inflation #Economy #Policy #RBA #CupDayRateCut
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Australian Bureau of Statistics on LinkedIn: In case you missed it, here is our top post from September! AustraliaâsâŠ
In case you missed it, here is our top post from September! Australiaâs overall CPI (Consumer Price Index) has risen by over 70% since 2004. Of the differentâŠ
