Ready to dive into the exciting world of home buying? We've got you covered with our comprehensive guide to understanding the costs of buying your home. From upfront expenses to ongoing costs, and even those sneaky fees that are often overlooked, we'll help you navigate the process of buying your...
Should I consider refinancing my home loan?
Interest rates in Australia are continuing to rise, leaving many homeowners struggling to keep up with monthly mortgage repayments. So much so that some may consider refinancing to help alleviate rising costs. While there can be sizeable benefits, it is not a one-size-fits-all solution. Let's dive into the pros and...
Five must-ask questions for your mortgage broker
Whether you’re looking to buy for the first time or are already a homeowner, finding a trusted and knowledgeable mortgage broker to secure the right home loan for your needs is crucial. The application process can be overwhelming, so make the most of your broker’s expertise by asking them the...
The Rise of Rental Rates
Australian rental rates surge in Q1 2023 A recent report from CoreLogic shows a sharp rise in Australian rental prices for the first quarter of 2023. The Quarterly Rental Review has identified an overall increase of 2.5% in the rental market, compared to the 2% growth in the previous quarter. The increase...
Don’t give up on your home ownership dreams just yet
An alarming 72% of Australians between the ages of 18 and 34 have given up the dream of home ownership, according to a survey by the Sydney Morning Herald. Overall, 63% of Australians believe homes have become unaffordable for young people, compared to 57% a year ago. And 49% of...
How to get a home loan when you’re a business owner
If you’re not an employee, it may be more difficult to get a home loan. Home loan lenders may think there’s more risk involved because your income may be unpredictable or irregular. Also, it may be harder for them to verify your employment. Consequently, some mortgage lenders will demand a...
WIN your mortgage paid for a MONTH!
Living expenses and mortgage repayments starting to bite? We've got you covered. Imagine not having to pay your mortgage for a month! For the month of March, you could win your monthly mortgage repayment paid by NMC Finance (up to $5,000*). Simply enter in any of the following ways: Refer...
When will interest rates go down?
The Reserve Bank of Australia caused few surprises when it lifted the country’s official interest rate by 25 basis points to 3.35% in February. After all, annual inflation jumped by 7.8% over the December quarter, according to the Australian Bureau of Statistics. That’s not just a 32-year high; it’s also...
Why higher interest rates might ultimately benefit homebuyers
The Reserve Bank of Australia might have raised the cash rate by 250 basis points since May to 2.60% – the quickest tightening in nearly three decades – but a senior central bank official has claimed higher interest rates could ultimately benefit new homebuyers. In a recent speech, Jonathan Kearns, the...
Applications open for Regional First Home Buyer Guarantee
Here’s some great news for regional Australians who want to get on the property ladder: 10,000 new places are now available under the federal government’s Regional First Home Buyer Guarantee. The scheme began on 1 October 2022, three months ahead of schedule. With many young Australians making the move to...