Debt Consolidation Australia

... where your financial freedom begins!

AFFILIATES

QUOTES

Knowledgebase

Second Mortgage:
A type of subordinate mortgage made while an original mortgage is still in effect.

Debt Consolidation Australia :: News

Share this news item!

Mortgage Sentiment Positive as Interest Rates Stabilize

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Following a decision to hold interest rates steady, mortgage payers have reported an increase in optimism.

Despite a slight dip in overall consumer confidence, which dropped 1.2 points to 82.6 according to the ANZ and Roy Morgan survey, those servicing home loans saw a rise in positive sentiment.

This upturn aligns with the central bank's February decision to maintain the cash rate at 4.35 percent, a move that was generally expected by the market.

Conversely, individuals who own their homes outright experienced a small decrease in confidence during the week. These homeowners often favor higher rates due to the impact on savings interest earnings. Nonetheless, the Reserve Bank of Australia (RBA) maintains a cautious stance, indicating they have not ruled out future monetary policy tightening to quell inflation if necessary.

Speaking at a conference, Dr. Marion Kohler of the RBA's economic analysis department emphasized that while inflation appears to be on a downward trajectory, the journey to controlling it completely is expected to be prolonged. She credits the current inflation drop to a reduction in goods price inflation, with a forecast for continued low goods inflation in several categories.

Dr. Kohler also highlighted the persistent elevation of service-related inflation, encompassing everyday expenses such as haircuts, dental care, and professional services. She projected a slow decline in these costs as equilibrium is sought between supply and demand and domestic cost pressures lessen. This decrease is deemed essential for eventually meeting the RBA's inflation objectives.

The RBA's prognosis suggests that a return of inflation to the favored target zone of two to three percent could be achieved in 2025, with an eventual stabilization at the median target of 2.5 percent anticipated to occur in 2026. Moreover, Dr. Kohler prognosticated a slight uptick in the unemployment rate as the economy cools, leading up to 2026. Despite this, the forecasted unemployment levels are still expected to be comparatively low against historical standards spanning the last two decades.

Published:Tuesday, 13th Feb 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

Australian Borrowers Turn to Refinancing Amidst Rising Mortgage Arrears

28 Dec 2025: Paige Estritori

Recent data indicates a notable increase in mortgage refinancing across Australia, driven by borrowers seeking improved loan terms in response to escalating arrears, particularly among substantial loans. This trend underscores the financial pressures many Australians are currently facing. - read more

Australia's Private Debt Market Hits $224 Billion Milestone

28 Dec 2025: Paige Estritori

Australia's private debt market has experienced significant growth, with assets under management reaching A$224 billion-a 9% increase from the previous year. This milestone reflects a consistent shift in capital deployment within the Australian lending market, signaling a new chapter of innovation and flexibility. - read more

ASIC's Comprehensive Review Targets Debt Management and Credit Repair Firms

28 Dec 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has announced a thorough review of the debt management and credit repair sector, aiming to assess compliance with legal requirements and enhance consumer protection, particularly for individuals facing financial difficulties. - read more

APRA's New Cap on High Debt-to-Income Home Loans: What Borrowers Need to Know

20 Dec 2025: Paige Estritori

The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more

ASIC's Review of Debt Management Firms: Ensuring Consumer Protection

20 Dec 2025: Paige Estritori

The Australian Securities and Investments Commission (ASIC) has announced a comprehensive review of the debt management and credit repair sector, citing concerns about consumer protection, particularly for those facing financial difficulties. This initiative aims to assess how approximately 100 licensed businesses in the sector comply with legal requirements and to examine the range of business models used by these firms. - read more

Click for more Finance News

Debt Consolidation Articles

Financial Planning 101: How to Get Ahead of Your Debt

Welcome to Financial Planning 101: How to Get Ahead of Your Debt! If you're feeling overwhelmed by your financial situation, you're not alone. Many people struggle with managing debt and finding ways to achieve financial stability. - read more

The Beginner's Blueprint to Creating an Effective Family Budget

In a world marked by economic uncertainties and the ever-mounting cost of living, the importance of a sound family budget cannot be overstated. Today's economic climate necessitates not just prudent but strategic financial planning. With the right budget in place, families can navigate the choppy waters of their finances, avoiding the all-too-common pitfalls of overspending and under-saving. - read more

Common Mistakes to Avoid When Consolidating Debts

Welcome to our guide on avoiding common mistakes when consolidating debts. We're glad you're here, as taking the time to educate yourself is a crucial step towards financial well-being. - read more

How to Craft a Foolproof Financial Strategy for Debt Management

Managing debt is a crucial aspect of maintaining financial well-being, yet it can often feel like a daunting task. Understanding how debt works and its potential impact on your life is the first step toward gaining control of your finances. In this section, we will delve into the intricacies of debt and outline why a solid financial strategy is essential for effective debt management. - read more

Debt Negotiation 101: How to Lower Interest Rates and Reduce Payments

High-interest debt can feel like a relentless cycle for many in Australia, often making it challenging to gain financial ground. Whether it's credit card debt, personal loans, or other forms of borrowing, the compounded interest can quickly become overwhelming. Fortunately, debt negotiation presents a viable solution for those caught in this dilemma, offering a ray of hope to reduce financial burden. - read more

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.