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Positive Credit Reporting – What it means for you

Positive Credit Reporting also known as Comprehensive Credit Reporting (CCR) is a reporting system whereby lenders share more of your data with credit bureaus such as Equifax and Experian. This in turn will be listed on your credit report.

In the past, the only information that was mandatory to share was Negative Credit Reporting. It wasn’t until 1st July 2018 when it was made compulsory for the big banks to share at least 50% of your positive credit data with credit bureaus. By 1st July 2019 this amount will be increased to 100%.

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Breaking News – March interest rate update

Today the RBA has once again left interest rates on hold.

Following its February meeting, the RBA said the case for the next rate move to be a decrease was now almost equal to the case for an increase and that it would continue to watch the economy closely for signs around its key objectives of decreasing unemployment and increasing inflation. 

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Purchasing an Investment Property

Investing in property has become increasingly popular in recent years. If this is something that you’re thinking about it’s important to do some homework. You’ll need to know the market dynamics of the area you’d like to buy in, find the right investment property, understand the REAL cost of your investment and of course, find the best investment loan to suit your specific needs.

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