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RBA lifts cash rate for the third month in a row to 1.35%

RBA lifts cash rate for the third month in a row to 1.35%

by OZO Finance | Jul 5, 2022 | Latest

The Reserve Bank of Australia (RBA) has increased the official cash rate by another 50 basis points to 1.35% amid continuing inflation pressures. How much will this third consecutive rate hike increase your monthly mortgage repayments? At the beginning of May, the...
Financial hardship arrangement reporting is about to change

Financial hardship arrangement reporting is about to change

by OZO Finance | Jun 30, 2022 | Latest

With interest rates on the way back up, there’s no doubt some households around the country are starting to do it a bit tough. Coincidentally, some big changes kick in on July 1 when it comes to recording financial hardship arrangements. In the past, if you were...
Refinancing numbers are surging across the country, here’s why

Refinancing numbers are surging across the country, here’s why

by OZO Finance | Jun 16, 2022 | Latest

Rising interest rates got you feeling a little vulnerable? It might be time to take some control back by refinancing or asking for a rate review. Here’s why we’re seeing refinancing numbers surge across the country. In just two months we’ve seen the Reserve Bank of...
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