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…
Merry Christmas and welcome to the last Dominion Finance Newsletter for 2022. Well, it certainly has been another tumultuous year, with the ongoing Covid presence, war in the Ukraine impacting global markets, and closer to home rising inflation and interest rates. The Reserve Bank handed down another rise to the cash rate today and this…
Staying loyal to your lender could be costing you Homeowners who have not made any changes to their current home loans since the Reserve Bank commenced raising interest rates could be missing out on potential savings. While you may think that your loyalty to your lender will be rewarded, a recent 2022 analysis of the Australian…
Welcome once more to this month’s Dominion Finance newsletter, which is about preparing for the inevitable. Just like death and taxes, increases to the cash rate are now another grievance we must put up with. Watching the Queen’s funeral recently, I marvelled at the perfect precision how all the pomp and ceremonies took place. There…
Did you know making eco-friendly home improvements are not only great for the environment but can also add value to your property and can help you save money over time? Energy efficient homes perform better on the market. In this competitive market with costs continuing to rise, potential buyers are starting to search for eco-friendly…