Laze Spasevski, Author at Australian Loans Group

Businesses Urged to Boost Productivity

Posted on 20/09/202515/09/2025 by Laze Spasevski

As wages rise faster than prices, giving households more spending power, businesses are urged to boost productivity. Average weekly ordinary time earnings for full-time adults hit $2010 in May 2025, which was 4.5% higher than the year before, and significantly more than the 2.1% annual inflation rate recorded in the June quarter. However, Australian Industry Group CEO Innes Willox st...
Read More

Home Loan Refinance Has Surged

Posted on 19/09/202515/09/2025 by Laze Spasevski

Hom Loan refinance has surged as an enormous number of Australians have been refinancing their home loans this year. In the June 2025 quarter, the number of mortgages that were refinanced with external lenders was 0.8% higher than the March 2025 quarter and a striking 20.9% higher than June 2024, according to the Australian Bureau of Statistics. This surge in refinancing coinc...
Read More

RBA Cautiously Optimistic on Inflation

Posted on 18/09/202515/09/2025 by Laze Spasevski

Why the RBA is cautiously optimistic on inflation comes down to recent data showing Australia’s cost-of-living pressures have eased further, with inflation continuing to cool. This gives the central bank reason to be hopeful, while still remaining careful in its outlook. The Australian Bureau of Statistics reported headline inflation at 2.1% in annual terms – the lowest rate since 2021 and ...
Read More

Rate Cut Increased Borrowing Power

Posted on 17/09/202515/09/2025 by Laze Spasevski

The decision by the Reserve Bank of Australia to cut the cash rate earlier this month means the average person's borrowing power has increased. Not only that, it has also lowered the repayments of most borrowers. With rates now lower, lenders are starting to adjust their serviceability buffers. That shift means borrowers can show they can afford more on paper, effectively lifting their borr...
Read More

Labour Market Showing Signs of Strain

Posted on 16/09/202511/08/2025 by Laze Spasevski

Australia’s labour market is showing signs of strain as it delivered a mixed result in June, with unemployment rising but more people entering the workforce, according to new data from the Australian Bureau of Statistics. The unemployment rate increased to 4.3%, up from 4.1% in May and 4.0% in June 2024 – marking the highest level since November 2021. The underemployment rate also ticked up...
Read More

New Guidelines Supporting Customers with Financial Hardship

Posted on 11/09/202511/08/2025 by Laze Spasevski

New Guidelines Supporting Customer with Financial Hardship

Australia’s banks have strengthened their commitment to supporting customers experiencing financial hardship, with new industry guidelines aimed at making assistance more compassionate and easier to access. The updated guidelines, which was released by the Australian Banking Association (ABA), outline best practice for how banks should assist customers who are under pressure. These could ei...
Read More

Commercial Property Market Improving

Posted on 09/09/202511/08/2025 by Laze Spasevski

Australia’s commercial property market is showing early signs of recovery, with income performance improving across most sectors and investor sentiment gradually stabilising, according to KPMG’s latest market update. The industrial sector continues to lead the way, supported by strong tenant demand and limited supply. It has now recorded two consecutive quarters of growth, with total return...
Read More

50,000 New Home Guarantee Scheme Places

Posted on 04/09/202511/08/2025 by Laze Spasevski

The federal government has released 50,000 new places under the Home Guarantee Scheme for the 2025-26 financial year, giving more Australians the chance to enter the property market sooner. The scheme is designed to support those who often face the biggest challenges breaking into the market. These include first home buyers, single parents and regional buyers. Since its launch in 2020, more...
Read More

Inflation Rate Continues to Ease

Posted on 02/09/202511/08/2025 by Laze Spasevski

Australia’s inflation rate continues to ease, with both headline and core measures now sitting comfortably within the Reserve Bank of Australia’s (RBA) 2-3% target range. According to the Australian Bureau of Statistics, annualised inflation in May was 2.1% – down from 2.4% in April and 4.0% a year earlier. This was the tenth consecutive month that headline inflation had remained inside the...
Read More

How to Approach Rate Cuts

Posted on 28/08/202508/08/2025 by Laze Spasevski

Some lenders have already started trimming their home loan rates and homeowners want to know how to approach these rate cuts in order to take advantage of lower rates without compromising loan flexibility. That’s because not all lenders are moving in sync. Some are dropping rates early to stay competitive and attract new customers – which means loans that once had very sharp rates may no lo...
Read More