Hatch Financial Services News

ANZ is a favourite lender of mine. But its decision to raise its variable home loan interest rate beyond RBA official rate movements has ruffled my feathers and those of many clients. Read more

Over the first 5 months of 2011 we have seen an increase in competition amongst lenders in terms of the interest rates on offer.  This has resulted in me being able to save clients up to 0.25% pa on their existing home loans in some cases. Read more

The Federal Treasurer announced a raft of “initiatives” on the weekend aimed at increasing competition in the banking sector.  According to the Treasurer, competition is being inhibited by the dominance of the 4 big banks. Read more

In the May newsletter, we started looking at the options available for would be first home buyers trying get into the market in the face of rising property prices and generally without a large deposit. Read more

It has never been harder for first home buyers to get into the market. Australian property prices are at record highs and each week they go up further.  Read more

Most people would have been happily unaware that the Reserve Bank of Australia (RBA) was due to meet yesterday. All focus has been on getting the kids out the door and back to school (or for those without kids, recovering from another BBQ where a little too much of everything was consumed). Either way, the only discernable activity I have noticed this week has had been a collective rush to the nearest café for a quiet latte.  Read more

Some very clear trends have emerged in the marketplace over recent months, namely: Read more

Interest rates might be down and the government might be giving first home buyers up to an extra $19,000 but getting finance for your first home has got far tougher in 2009. Read more

Know someone with a GE home loan? Please pass this important news on to them… Read more

On Friday, ANZ announced that it will now only lend up to 90% of the value of properties for all new business effective from Nov 17th. ANZ had been lending up to 95%, as had most lenders. Read more