The 2022 finish line is approaching, and we’d like to leave you with a snack-sized snapshot of what’s to be expected in 2023, along with our top 10 mortgage tips. We thank you your support this year and hope you get a chance to unwind over the break. See you in 2023!

Interest rates are predicted to peak lower and pause earlier than originally expected. A cash rate of around 3.6 per cent is where most expectations are now sitting. Some reputable experts believe we will only get to 3.1 per cent, which means we’ve got one more rate rise to go. Hopefully, for home owners and potential buyers, this ends up being true and for NSW first home buyers, there’s more good news. First home buyers can now opt to pay an annual property tax instead of upfront stamp duty, as the NSW Government legislated the First Home Buyer Choice scheme this week.

Yesterday, the Reserve Bank (RBA) increased rates yet again, but at a much slower or normal pace, lifting the official cash rate to 2.6 percent. While this increase indicates that the central bank is still concerned with inflation it does also suggest that a reprieve for borrowers is not far away.

Interest rates will definitely rise again in the coming months, but there’s more of a case building for this downward cycle in property prices to only last until the middle of next year as rates then go the other way, down. Even though borrowing is already tight and will become more expensive, rising rents and a longer term property focus, just might be providing for some good buying conditions.

On another note, as you may know, we tacked the City2Surf, dedicating our challenge to the Royal Flying Doctor Service. Feel free to help us, help those, who live a little further away, we would love you to support our cause. A huge thanks to those who have contributed to our charitable cause already – we appreciate you.

Exorbitant fuel, grocery, construction costs and now wage pressures, are providing the Reserve Bank of Australia (RBA) with many problems and interest rates will as a result continue to go up. Two big Australian banks say the RBA will raise it’s interest rate significantly higher than previously estimated. It’s likely then that house prices will inevitably continue to come down, but for how long will this cycle last before it reverses again? Will the RBA go too hard in the next 12 months? Will rates come down next year?

Home loan variable interest rates are rising on Tuesday next week and fixed rates, which are already sky-high went even higher last week with some of the banks. These interest rate rises alone are impacting how much we can borrow. If this global supply shortage problem normalises sooner than later and these Federal and State government first home owner initiatives are effective, will our residential property market price correction, slow down?

Inflation, higher fixed and variable rates, tighter lending conditions and worsening affordability are all contributing factors causing many experts to believe that residential property prices will fall significantly. But will it all be as bad as what some think? Or will it be an orderly downturn, with somewhat normal conditions, that present short-term opportunities for some including investors and first home buyers?

Is the property market going to crash? When will my interest rate rise? Should I fix the repayments on my home loan? After listening and speaking to Corelogic’s Tim Lawless at the most recent industry conference, and with having our ears close to all things property and finance related, we’re able to answer these common questions for you. Today we also celebrate and thank you, for being in business for 5 years, now with more people, more experience, and more hands-on-deck to help you with your next home loan approval.

Here’s what to expect from the banks and our residential property market which will impact your loan and property value in 2022. Experts are predicting only gradual property price rises and more interest rate hikes. This is our last snack-sized update for the year before we leave you to enjoy a much-earned break.

Do we now lock in our fixed interest rates to protect ourselves from future increases, or proceed with variable rates? This week, the Reserve Bank of Australia (RBA) did confirm that the official cash rate was holding steady, but they were forced to formally dump its future 0.1 percent three-year bond yield target. Markets reacted instantly with bond yields rising sharply and big banks raising their fixed mortgage interest rates.

The Australian Prudential Regulation Authority (APRA) has made its move to tighten lending standards and cool our housing market, more specifically, to slow down the rate at which our banks are lending money. Here is what you need to know.

Spring is here, typically the busiest time of the year for our real estate and finance world. As vaccination rates rise, lockdown restrictions ease, and the Reserve Bank of Australia (RBA) continues its stimulus support, what will happen to house price growth? We explore this and more in this month’s Black & White Finance September 2021 update.

It was only in June were we talking about rising interest rates & tougher borrowing measures in response to a rapidly moving property market & the economy’s healthy state. Now, we’re in a messy lockdown situation with the horizon looking potentially different. Will the property market slow down? What are bank lending policies likely to do in response? We explore this and more in this month’s Black & White Finance July 2021 update.

It is now official: Interest rates are going up and borrowing money is going to get a little tougher. The jobless rate is heading below 5 percent, and the economy is in a much better shape than anticipated. We look at which specific banks are doing what in response to these economic changes and more in this month’s Black & White Finance June 2021 update.

The 2021 Federal Budget has been delivered to really springboard the economy. “Our housing measures go even further” our federal treasurer Josh Frydenberg stated in parliament yesterday to help more Australians in the housing market. Here is our quick summary of this budget, through a property and finance lens. Enjoy.

This month's snack-sized update is in video format looking at the sustainability of the current housing boom. We also look at what the Regulator or the RBA may do as a result, and how this could impact your next home loan approval.

In this month's update, our RBA pulls strings in the market, house price growth, loan approvals, clearance rates all soar, and low-interest rates here to stay.

“Your camera is turned off”, “Let’s zoom”, “You’re on mute”. I think we’ve all been saying these phrases a few too many times this year. From all of us here at Black & White Finance, thank you for your support during 2020. It’s been a huge one that’s for sure. We wish you and your loved ones a happy, safe, and healthy holiday season – regardless of our circumstances, let’s try and make the most of it!

What about that for news to digest! Our Federal Treasurer, Hon. Josh Frydenberg MP, delivered the 2020 Federal Budget and as expected, there’s a significant amount being spent to try and springboard the economy. On the same day, Governer Philip Lowe signalled that lower interest rates could be on the way. See here our quick summary of what this all means, from a property and finance perspective. Enjoy.