RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%  
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Home Loan Variable: 5.99% (6.01%*) • Home Loan Fixed: 5.79% (6.39%*) • Fixed: 5.79% (6.39%*) • Variable: 5.99% (6.01%*) • Investment IO: 5.99% (7.58%*) • Investment PI: 5.89% (7.55%*)

Frequently Asked Questions [ Blog ]

The frequently asked questions listed here are listed on the appropriate information pages on this website. However, feel free to browse the archive for information that may relate to your circumstances.

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Black Piggy Bank
Advanced Considerations

What is the Consumer Price Index (CPI)?

Inflation is an increase in the level of prices of the goods and services that households buy. It is measured as the rate of change of those prices. Typically, prices rise over time, but prices can also fall (a situation called deflation).

Blue Money Box
Advanced Considerations

How is the Cash (Interest Rate) Determined?

Monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy. It is one of the main economic policies used to stabilise business cycles. The Reserve Bank is responsible for monetary policy in Australia ..

Mother and Son Painting
Advanced Considerations

How is Compound Interest Calculated?

Compound Interest is the addition of interest to the principal sum of a loan – basically meaning that you pay interest on interest. Compound interest is standard practice when taking out a home loan.

Home Loans (General)

What is a Risk Fee?

A Risk Fee is a once-off charge payable by you when the amount of money you borrow for the purchase of a home or asset if higher than that lender’s acceptable LVR. For a home loan, this is usually 80% of the value of the home (80% LVR) …

Loungeroom with Fireplace
Types of Home Loans

No Deposit Home Loans

Most lenders have moved away from the no-deposit home loan, although there are a few products available with very strict criteria. Excluding the no-deposit opportunities made available to the medical industry and other …

Home Grass Orange Sky
First Home Buyer FAQ

What is Meant by “Serviceability”, and How is it Calculated?

When you apply for a home loan, a lender will take a large number of factors into consideration when deciding whether or not to approve your application. The Serviceability assessment determines if you can comfortably “service” the loan repayments after considering all of your …

Holding House in Hand
First Home Buyer FAQ

What is the Role of a Conveyancer?

Conveyancing is the legal process of preparing and organising the required documents involved in the transfer of property from one person to another. The conveyance of a property is undertaken by both those who are …

Home Loan Types

What is a Low Doc Loan?

Low doc (low documentation) home loans can benefit people who don’t have access to the level of information banks and lenders often require for your standard home loans. If you are a business owner, contractor, seasonal worker or freelancer, you may not have all …

Types of Home Loans

Introductory Rate Home Loans

Buying a house is filled with expenses, some examples being legal fees, stamp duty, application fees, as well as the initial required deposit. On top of these initial costs, there can be additional expenses, especially in that initial year, as you begin to personalise …

Split Home Loans
Home Loan Types

Split Home Loans

A ‘Split Home loan’, ‘Split Facility’, or ‘Split Mortgage’, is a home loan that combines a Fixed Home Loan and a Variable Home Loan. In essence, a Split Loan allows you to split a home loan into two accounts, both of which attract …

Bricks
Home Loan Types

Construction Home Loans

A construction loan, also known as a building loan, is a lending option that provides you funds to pay your Licenced Builder (or fund your Owner-Builder project) throughout each stage of your build or renovation process. It has a vastly different loan structure …

Finance Home Keys
Home Loan Types

Fixed Home Loans

A fixed rate loan, as opposed to the Variable Rate Home Loan, is one where the rate is fixed for a defined time period. Not as popular the variable product, Fixed Rate loans still offer a range of features that make the loan type …

Fixed Interest Only (P&I)
Interest*
5.89%
Comparison*
7.55%
   
5.89%
7.67%
   
5.89%
7.74%
   
5.94%
7.22%
   
Variable Interest Only (P&I)
Interest*
6.24%
Comparison*
6.25%
   
6.24%
6.26%
   
6.24%
6.26%
   
6.24%
6.27%
   
Invest Interest Only
Interest*
5.99%
Comparison*
7.58%
   
5.99%
7.70%
   
5.99%
7.77%
   
6.04%
7.26%
   
Invest Loans
Interest*
5.89%
Comparison*
7.55%
   
5.89%
7.67%
   
5.89%
7.74%
   
5.94%
7.22%