Cash rate rise: what does it mean for you?
The Reserve Bank of Australia (RBA) today announced the cash rate increased from a record-low 0.1% to 0.35%. This is the first time the RBA made a change to the cash rate since November 2020 saying now was the right time to begin withdrawing some of the “extraordinary support that was put in place to […]
- Author: admin
- Date: 3 May 2022
Investor loans continue to rise
Investors are continuing to show confidence in the future of property with the latest data showing a 6.1% rise in the value of housing loans made to investors in January, according to the Australian Bureau of Statistics (ABS). A total of $11 billion was loaned to investors – that’s a new record and the 15th […]
- Author: admin
- Date: 20 April 2022
Rate lock: how does it work?
You’ve found the property. Your broker has helped you find the right loan with a competitive interest rate and all the features you want. You’ve completed the application and now you’re waiting for settlement. As the day comes you look through the paperwork but that competitive fixed interest rate you applied for has just jumped […]
- Author: admin
- Date: 14 April 2022
Guarantor home loan – how do they work?
A guarantor could enable you to purchase a property sooner and potentially save thousands of dollars By using the equity they’ve built up in an existing property, a guarantor may provide security that enables you to buy a home or invest in residential property (known as a security guarantee). They may also offer a security […]
- Author: admin
- Date: 13 April 2022
Federal Budget 2022: Who benefits?
The Federal Government last night announced the 2022 Federal Budget with a big focus on counteracting the impacts of escalating costs of living and house prices. The schemes announced are targeted at helping Australians with the challenges of building up a house deposit through the expanded Home Guarantee Scheme and assisting with costs to households. […]
- Author: admin
- Date: 30 March 2022
Choosing a home loan
Things you should consider when selecting a home loan Choosing an interest rate type – variable or fixed? A home loan’s interest rate will either be a variable rate that moves up or down or a fixed rate that stays the same during the loan term. You can also split your loan into fixed or […]
- Author: admin
- Date: 6 February 2022
Buying a home to live in
Everything you need to know about buying your first home, or moving into a new home. Going from buyer to homeowner might seem like a daunting journey, but as long as you’re prepared, buying your first home can be a smooth process. Before you start your house hunt, there are a few things to consider. […]
- Author: admin
- Date: 1 February 2022
Do I need pre-approval and how do I get it?
You can get a leg-up on other buyers and shop for your new home with confidence if you’ve been pre-approved for a home loan. A formal pre-approval is a critical step in purchasing property – it’s when a lender gives you an approved amount to borrow based on a full assessment of your financial situation. […]
- Author: admin
- Date: 18 January 2022
Can I access the equity in my home for other things?
Saving for things like holidays or renovations can be difficult while you’re paying off a mortgage, but it doesn’t have to be. Home equity loans are designed to give you access to the equity in your existing home loan via a line of credit loan. Mortgage refinancing is a common way of tapping into the […]
- Author: admin
- Date: 11 January 2022
Is buying property right for me?
Owning your property is a feeling unlike owning anything else. For many Australians, the decision to purchase a property or continue to rent a property may not be an easy decision and it’s not uncommon to feel hesitation. If you’re considering purchasing a property we’ve outlined some of the things you should consider to make […]
- Author: admin
- Date: 4 January 2022
