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Market Essentials – October 2022
Australia’s house prices continue to fall, driven by reduced lending capacity and rising interest rates, which currently linger between 4% and 5%. According to Capital Economics Marcel Thieliant, this trend is set to continue as central bank looks to cool inflation....
How do construction loans work
Building your own home can be one of life’s most rewarding milestones. Not only does a new build have the potential to save you money, but it also gives you the opportunity to design the home you’ve always wanted with all the latest fixtures and fittings. You can also...
Market Essentials – September 2022
This month's interest rate rise of 0.5 per cent marked the RBA’s fifth consecutive rate rise, taking the cash rate to 2.35 per cent for September. This takes the cash rate to its highest level since December 2014 and prompts questions of how long rate rises will...
Tips for nabbing a bargain this Spring
The typically busy Spring sales season is upon us and it is important to understand how to negotiate like a pro when it comes to your Spring property purchase. Here are our top tips. Tip #1: Do your research You’ll be in a better position to make an offer or bid with...
Stamp duty explained
If you’ve never bought property before, you may not understand what stamp duty is. In a nutshell, stamp duty is a tax. It’s not very exciting, but it’s one of those things that goes hand in hand with purchasing a property. Navigating stamp duty can be tricky. In this...
Questions to ask your mortgage broker
In the wake of three consecutive cash rate rises, many aspiring homeowners and current mortgage holders have been left feeling uncertain. You may be concerned about whether the cash rate hikes have temporarily derailed your home ownership dreams. Perhaps you’re...
What should I do when my fixed rate expires?
If you’re currently playing the waiting game wondering what will happen when your fixed rate term ends, we understand what a stressful time it might be. Fixed rate borrowers have been temporarily shielded from the Reserve Bank’s cash rate increases, but for how long?...
Home loan acronyms explained: LVR and DTI
If you are buying your first home, getting your head around home loan terminology can be tricky. Two acronyms you may come across are loan-to-value ratios (LVR) and debt-to-income ratios (DTI). Recently there have been important changes to DTI ratios that could affect...
Is your credit report healthy?
One of the things lenders take into consideration when assessing your ability to repay a loan is your credit report. As part of the loan application process, they’ll assess your financial history, including any previous credit applications you’ve made and any payments...
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