Funds Assist Financial Services
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So far Funds Assist Financial Services has created 146 blog entries.

RBA lifts cash rate for the third month in a row to 1.35%

By |2024-12-02T16:05:22+11:005 July 2022|News|

The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.35% amid continuing inflation pressures. How much will this third consecutive rate hike increase your monthly mortgage repayments? At the beginning of May, the cash rate was 0.10%. Today, it was increased ....

Financial hardship arrangement reporting is about to change

By |2024-12-02T16:05:22+11:0030 June 2022|News|

With interest rates on the way back up, there’s no doubt some households around the country are starting to do it a bit tough. Coincidentally, some big changes kick in on July 1 when it comes to recording financial hardship arrangements. In the past, if you were unable to meet ....

Want a first home buyer scheme spot? Here’s how to get the inside lane

By |2024-12-02T16:05:22+11:0023 June 2022|News|

We’re just days away from 35,000 first home buyer scheme spots becoming available on July 1. If you’re keen to snare a place in the scheme – and buy your first home sooner – here’s how to get ahead of the pack. Have you heard about the federal government’s Home ....

No more Mr Nice Guy: the ATO wants its money

By |2024-12-02T16:05:22+11:0016 June 2022|News|

Tax time is just around the corner and the ATO has sent out a warning to businesses around the country that owe it money: the COVID-19 moratorium on debt collection has come to an end. Rest assured though, you’ve got some options. During the early days of the pandemic, the ....

Refinancing numbers are surging across the country, here’s why

By |2024-12-02T16:05:23+11:0016 June 2022|News|

Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here’s why we’re seeing refinancing numbers surge across the country. In just two months we’ve seen the Reserve Bank of Australia (RBA) increase the ....

RBA increases cash rate for second consecutive month, to 0.85%

By |2024-12-02T16:05:23+11:007 June 2022|News|

The Reserve Bank of Australia (RBA) has increased the official cash rate by 50 basis points to 0.85%. How much extra should you expect to pay on your home loan?

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Banks tighten lending, reducing the maximum you can borrow

By |2024-12-02T16:05:23+11:002 June 2022|News|

Some of Australia’s biggest banks have tightened their mortgage lending criteria, meaning you might not be able to borrow as much from them. How might this affect your next purchase?

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Banks tighten lending, reducing the maximum you can borrow

By |2024-12-02T16:05:23+11:002 June 2022|News|

Some of Australia’s biggest banks have tightened their mortgage lending criteria, meaning you might not be able to borrow as much from them. How might this affect your next purchase? This week ANZ lowered a key lending cap, indicating it will no longer lend to borrowers with a debt-to-income (DTI) ....

Bulk of SMEs preparing for growth over next 12 months: research

By |2024-12-02T16:05:23+11:0026 May 2022|News|

Small businesses around the nation are once again confident about their future and ready to start driving toward their next phase of growth, according to new research.

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ATO hit list: rental property income and capital gains

By |2024-12-02T16:05:23+11:0026 May 2022|News|

Property investors beware: the Australian Taxation Office (ATO) has revealed the four key areas it will be targeting this tax year, and rental property income/deductions and capital gains are high on the hit list.

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