2022 October 4th – Your Finance News

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At its meeting today, the RBA board decided to increase the cash rate target by 25 basis points to 2.60 per cent. If you have concerns about your current home loans or simply wish to have some questions answered please reach out for a chat.

Last week Michele hit the road, visiting rural Victoria from Hepburn Springs, to the Yarra Valley and as far as the Victorian high country. She shares some photos of her mobile office.

Finally, lender partner Macquarie Bank has mapped out four ways to help you be more informed to navigate the current environment and get set up for long-term success on your home loan journey.  

As always, if you have any questions regarding your current loans or future finance needs, feel free to email or click the button below to book an appointment.
Book an Appointment
Reserve Bank Board Meeting – Monetary Policy Decision

The RBA has today lifted the cash rate from 2.35%, raising it by 0.25% to 2.60%, this increase was less than many predicted as the RBA recognises the impacts of prior increases are yet to be fully recognised.

In his statement, RBA governor Philip Lowe stated – “The Board is committed to returning inflation to the 2–3 per cent range over time. Today’s increase in interest rates will help achieve this goal and further increases are likely to be required over the period ahead. The cash rate has been increased substantially in a short period of time. Reflecting this, the Board decided to increase the cash rate by 25 basis points this month as it assesses the outlook for inflation and economic growth in Australia.”

At times of rapid change it can be difficult keeping up with the impacts, EquityVision is a business which has been around for 20 years, we have been through a number of rate rise periods and are here to assist.

If you have concerns about your current home loans or simply wish to have some questions answered please reach out for a chat.
Make an appointment
Working on the Road
During the past two years many industries have changed the way they work with a large scale shift to being able to work remotely.

Last week Michele was on the road visiting regional Victoria, working every day from different locations (including the car).

With the internet provided through a phone hotspot, meetings held by phone or video call, documents viewed from cloud storage facilities, EquityVision didn’t miss a beat.

The importance of our business using great technology, having robust processes and great team work were all on show as we stayed connected in a professional manner, sharing our expertise.

If you would like to discuss your loan options, please contact the EquityVision office on 03 8372 0775, email or book an appointment using the button below.
Book an Appointment

As interest rates rise, there are many strategies borrowers can use to ensure they are managing and making the most of changing conditions.

Macquarie Bank are one of the many lenders on our panel of providers, they have provided an informative article on four ways you can navigate the current environment and set yourself up for long-term success, 
  • When it comes to property, take a long-term view
  • Know your financial position to stay in the driver’s seat
  • Stay flexible so you can adapt to change effectively
  • Set manageable goals and stick to them
Click the button below to read the article in full.
Read Macquarie Banks article
We have recently updated our business Facebook, Instagram and Linkedin pages.
Our business is built on referrals from our clients, for users of these platforms, we would love for you to click the links below to follow our pages, stay in touch, and to refer your friends and family.

Kind regards,
The team at EquityVision 
Your Mortgage and Finance Brokers
Suite 6 / 296 Bay Road Cheltenham VIC 3192
Michele Mansfield (CR No.399836) and Alisha Perry (CR no.502031) and Damien Hauser (CR no.516645) are credit representatives of Buyers Choice Licencing Pty Ltd (Australian Credit License No. 509484).
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