December is here and as the temperature rises the countdown to the Christmas break begins. But it appears at least one Australian is determined to ‘chill’. When Reserve Bank governor Glenn Stevens was asked recently about the possibility of an interest rate cut he said: “We’ve got Christmas, we should just chill out …come back … and see what the data says.” The markets took that as a no, for December at least.
Mortgage interest rates are still at or near their historic lows in Australia but there are signs that the next move will be up. The big four banks have already lifted their standard variable home loan rates and, while it is difficult to predict future interest rate movements, it pays to be prepared. In this newsletter we provide you with some practical strategies to help minimise the impact of any future rate rises.
We also look at life insurance, which is one area of life where a ‘she’ll be right’ attitude could end in tears. So let’s bust a few common insurance myths…
Our final article has some great tips to set yourself up for success in 2016. The end of the year is a good time to examine your hopes and dreams for the year to come and put some strategies in place to work towards achieving them.
Please read our December snapshot here. If you wish to discuss any of these articles in our newsletter, please do not hesitate to contact your VPW Financial Adviser.