As Australia’s property market continues to face the challenges of high interest rates, rising living costs, and ongoing affordability issues, staying on top of the latest stats and trends is more important than ever. Whether you’re an investor, homeowner, or first-time buyer, understanding these shifts can help you make better...
A 2% Deposit Can Make Homeownership a Reality
Buying your first home has always been a milestone achievement, but in today’s market, it feels more like an uphill battle. The dream of homeownership is becoming increasingly difficult to achieve, especially with rising property prices and the need for a substantial deposit. While previous generations dealt with higher interest...
15-Year vs. 30-Year Mortgages
Choosing between 15-year and 30-year mortgages can significantly impact your finances, influencing everything from monthly cash flow to long-term savings. Let's delve into the nuances of each option to guide you through this critical decision-making process. The 30-Year Mortgage: A Familiar Path For many aspiring homeowners, the 30-year mortgage stands...
5 Common Home Loan Application Mistakes to Avoid
Are you gearing up to step into the world of homeownership? Whether you're a seasoned investor or a first-time buyer, securing a home loan can be a complex journey filled with potential mistakes along the way. To help you navigate this process successfully, let's delve into the five most common...
Impact of Rising Interest Rates on Aussie Businesses
In a recent move, the Reserve Bank of Australia (RBA) has opted to increase interest rates once more, pushing the cash rate to 4.35% as of November 2023, impacting Aussie businesses. This decision has set off ripples across the financial landscape, with conversations predominantly revolving around its impact on homeowners....
Debunking Common Mortgage Myths
The world of mortgages can be a confusing landscape filled with myths and misconceptions. These can be misleading for potential homebuyers, delaying their entry into the property market or even costing them in the long run. Let’s debunk five common mortgage myths and set the record straight. Myth 1: You...
Unlocking Your Home Equity With Cash-Out Refinancing
Looking for some extra cash to consolidate your debts, renovate, or buy a new vehicle? Cash-out refinancing may be the key to unlocking some extra funds. It’s a powerful financial strategy that allows Australian homeowners to tap into the equity they’ve built in their homes. This approach is different from...
When Does Refinancing Make Sense?
Refinancing has been a hot topic lately, largely thanks to increasing interest rates over the last 12 months. But it's not just a buzzword or a magic fix; refinancing your mortgage is a financial decision that can significantly impact your future. Which begs the question: When does refinancing make sense?...
Beat the Fixed Rate Mortgage Cliff
As an Australian homeowner, you may soon face a daunting challenge – the end of your fixed rate mortgage period. The Reserve Bank of Australia (RBA) is predicting that approximately half of borrowers with fixed-rate mortgages will transition to variable rates this year. It's crucial for these homeowners to take...
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...