The Australian federal government recently announced significant changes to the Home Guarantee Scheme, aiming to tackle the pressing issue of housing affordability. These changes bring expanded eligibility criteria for the First Home Guarantee, Regional First Home Buyer Guarantee, and Family Home Guarantee. This decision reflects the evolving dynamics of Australian households and aims to provide…
Welcome to the June 2023 Dominion Finance Newsletter! We appreciate your continued support and trust as we navigate through the final month of the financial year together. In this ever-evolving economic landscape, inflation rates continue to rise, prompting the Reserve Bank of Australia (RBA) to make adjustments to the cash rate. Experts predict further increases in…
When it comes to managing your home loan, it’s essential to explore every available avenue to save money and reduce interest payments. One such tool that can make a significant impact on your financial situation is an offset account. In this blog, we will delve into the concept of offset accounts, how they work, and…
Welcome to this month’s Dominion Finance Newsletter for May 2023 There was so much speculation in the media and with the finance experts whether the Reserve Bank of Australia (RBA) would maintain the current cash rate or raise it at least one more time, we thought we might give it a rest and talk…
Are you in the market for a new home and feeling overwhelmed by all the financial jargon? Well, you’re not alone! Buying a home is one of the biggest investments you’ll ever make, so it’s important to know what you’re getting into. One aspect that often gets overlooked is the various fees, costs and charges…
Welcome to this month’s Dominion Finance April Newsletter. The Reserve Bank of Australia’s Board met today and for the first time since May 2022 they kept the cash rate on hold at 3.60%. There were mixed views on the state of the economy, with some experts predicting that the RBA would raise rates for an…
Welcome to Autumn 2023…just like that days are getting shorter and summer holidays memories are beginning to fade. This month we are going to talk about the incentives that banks and lenders are offering to customers to try and attract more business. These incentives are predominantly a cash lump sum, or it could be free…
With interest rates on the rise, many homeowners are feeling the pressure on their finances. Over the previous two years, we have enjoyed ultra-low interest rates. As we haven’t had a cash rate hike since November 2010, these increases may be scary, particularly for new borrowers, however, the current cash rate is nothing extraordinary. That…
Welcome Welcome Welcome to 2023 Holidays and summer fun times are over, and it is back to work, and for the Reserve Bank that can only mean one thing…rates are on the way up once more. No doubt they saw our spending over the Black Friday, Boxing Day, and January sales and thought they need…
When it comes to applying for a home loan, your borrowing power is an important consideration. This refers to the amount of money a lender is willing to loan you based on your financial situation. Many factors can influence your borrowing power, including your credit score, income, and debts. In this blog, we will look…