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Quishing: The New Threat in the Digital Age – What You Need to Know
In today’s fast-paced digital world, staying ahead of the curve isn’t just about embracing the latest tech trends—it’s also about protecting yourself from emerging threats. One such threat that’s been making waves recently is Quishing. If you haven’t heard of it yet, don’t worry—you’re not alone. But by the end of this blog, you’ll know exactly what it is, why it matters, and how to safeguard yourself against it.
Rate Cut: Do the smart thing!
Maintaining your home loan repayments after a rate drop is a smart move, can pay off your loan faster and save you thousands.
Feb 2025 Rate Changes
RBA rate cut February 2025: What and when is your lender changing? With the first cash rate cut in more than four years. Find out if your lender is passing the cut on, below are the lenders on our panel. We will update as we receive each lender announcement. The Reserve Bank of Australia (RBA) has officially cut the cash rate by 25 basis points in February, taking it down from 4.35% to 4.10% p.a. We anticipate that most lenders will be passing on the full rate cut. What does a 0.25% interest rate cut mean for my mortgage? In real terms a 0.25% rate cut will reduce a $500,000 variable rate home loan (with 25 years remaining) by $77 per
Releasing Equity: Should You Buy an Investment Property or Debt Recycle?
With property prices increasing significantly over the last couple of years many homeowners have found themselves with substantial equity. Some homeowners want to put the equity to use for investment with many opting to try and buy an investment property, but there is another way that some put that equity to work. The other popular strategy is debt recycling. Both could help you grow your wealth, but they work in very different ways. In this blog, we’ll explore the pros and cons of each strategy to help you decide which one might be right for you.
2024 in Review: Perth’s Property Market and What Lies Ahead in 2025
Reflecting on 2024 As 2024 comes to an end, Perth’s property market remains a beacon of strength, defying national trends. Let’s recap this year’s highlights and look forward to 2025, a year that promises opportunities for buyers, investors, and homeowners alike. Interest Rates Held Firm Throughout 2024, the Reserve Bank of Australia (RBA) maintained the cash rate at 4.35%. This stability provided much-needed relief for borrowers. Headline inflation fell to 2.8% in the September quarter, a significant improvement from 2022’s peak, but underlying inflation (trimmed mean) remained elevated at 3.5%, above the RBA’s target. The RBA also adopted recommendations from its 2023 review, including reducing the number of rate-setting meetings from 11 to 8 annually and introducing post-meeting press conferences
Start Fresh in 2025: Your Path to Financial Confidence
As we prepare to ring in 2025, it’s the perfect moment to reflect on your finances and set actionable goals for the year ahead. While the holiday season can bring extra expenses, it also provides an opportunity to build better financial habits. At Fox Mortgages, we’re here to guide you toward a stronger financial future with practical steps to take charge of your money and achieve your dreams. Reflect on 2024 to Plan for 2025 Taking stock of where you stand financially is the first step to building a better future. Ask yourself: 💰 How much have you saved this year? 🧾 Where has your money gone? Set Achievable Financial Goals for 2025 Whether it’s saving for a home deposit
Perth’s Summer Property Update: Market Strength Amid National Cooling
As we head into the festive season, Perth’s property market continues to shine, outperforming other capitals across the nation. Let’s dive into the latest trends and opportunities in Perth’s real estate landscape. Perth Property Market Leads the Way While national property prices grew by just 0.1% in November, marking the weakest monthly growth since January 2023, Perth emerged as a standout performer with a 1.1% rise. This increase pushes Perth’s median dwelling value to $785,250, surpassing Melbourne’s for the first time since 2015. Factors driving Perth’s success include low housing stock—down more than 40% compared to the five-year average—and continued strong buyer demand. For more insights, visit CoreLogic’s Home Value Index. Federal Government’s Help to Buy Scheme If you’re a
Unlocking Your Equity to Buy an Investment Property
Perth’s property market is on fire. In the last 12 months alone, home prices have jumped by over 23%, making it one of Australia’s best-performing cities. This has created a significant opportunity for homeowners: the chance to unlock new equity and use it to purchase an investment property.
Help to Buy Scheme: Making Homeownership a Reality in Western Australia?
The Help to Buy Scheme is a shared equity initiative by the Australian federal government, expected to launch in late 2024. This scheme aims to assist low- and middle-income Australians in purchasing homes by offering the government as a co-investor.