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So far BASEBODYBABES has created 12 blog entries.

RBA rates: calibrate and consolidate

2019-08-11T05:33:15+00:00 August 11th, 2019|Uncategorized|

This month the Reserve Bank of Australia (RBA) announced the cash rate would stay on hold at 1.0%, following two consecutive cuts in the preceding months that totalled fifty basis points. The decision was widely expected, especially considering that cutting the official cash rate three months in a row has only happened twice before: once [...]

APRA hands borrowers the chance to borrow more

2019-08-07T12:59:58+00:00 August 7th, 2019|Uncategorized|

July brought with it news that has effectively opened the doors for prospective and current home owners to access bigger mortgages by borrowing more. The Australian Prudential Regulation Authority (APRA) has relaxed stringent lending restrictions on lenders by scrapping the “stress test” rule. Introduced in 2014, the rule required banks and other lenders to assess [...]

What does a rate cut mean for you?

2019-07-03T00:48:19+00:00 June 18th, 2019|Uncategorized|

As you'll no doubt be aware, the RBA (Reserve Bank of Australia) announced at its June meeting that it would lower the cash rate by 25 basis points to 1.25 per cent citing that it would support employment growth and provide greater confidence that inflation will be consistent with the medium-term target. Although widely predicted, [...]

Negative Gearing: Is There a Better Way?

2019-05-29T12:51:03+00:00 May 29th, 2019|Uncategorized|

Long used as a tax minimisation strategy, negative gearing has become almost a rite of passage for working Australians. However, we are seeing time and time again, instances of people using negative gearing without really understanding how it works and how it might not be the right strategy for their situation. Using negative gearing as [...]

How to smash your finance goals (again)

2019-05-26T07:54:50+00:00 May 26th, 2019|Uncategorized|

June is upon us. We’re halfway done. Believe it or not, the last six months are behind us and you may or may not be happy with what you’ve achieved vs what you set out to achieve. If not, we totally get it. You see, the thing is, January is probably not the best time [...]

The unknown risks of Afterpay

2019-05-01T11:41:57+00:00 April 22nd, 2019|Uncategorized|

Afterpay may not be afteryay if you're interested in buying a house or refinancing any time soon. A recent report conducted by ASIC revealed that the number of Australians using buy now, pay later services has increased by 500% in the last two financial years, largely due to the emergence of marketing savvy services like [...]

Will they or won’t they? RBA poised to cut cash rate

2019-04-22T07:35:11+00:00 April 22nd, 2019|Uncategorized|

Financial experts believe home loan interest rates could fall further in 2019 The RBA has kept the cash rate on hold at 1.5 per cent since August 2016 but there is strong speculation it could fall further. Detailed in the minutes from their last meeting, the RBA point to a lift in the unemployment rate [...]

Are You Buying the Budget 2019?

2019-04-02T23:09:57+00:00 April 2nd, 2019|Uncategorized|

In what is being dubbed a 'vote buying budget' the 2019 Budget is a pre-election sweetener designed to sell the Coalition Government’s economic management credentials while delivering hip-pocket relief for voters. “Tonight, I announce that the Budget is back in the black and Australia is back on track,” Mr Frydenberg said to a roar of [...]

Are You Paying ‘Lazy Tax’ on Your Home Loan?

2019-03-31T11:57:20+00:00 March 31st, 2019|Uncategorized|

Lazy tax? Haven’t heard of that one? Well, before you jump on the phone to your accountant for an explanation of whether it’s something you can claim against…read on. ‘Lazy tax’ as it applies to your home loan is basically the amount you are paying above the best available interest rate on the market. As [...]

Preparing for Tax Time

2019-03-30T07:55:47+00:00 March 30th, 2019|Uncategorized|

As tax time looms large again, we’re sharing our top tips to help you stay cool, calm and in control. Avoiding the tax time tailspin Whether or not you’re across the basics when it comes to your individual tax, your obligations from a business standpoint can vary significantly and it’s important to stay informed in [...]