When will interest rates fall? It’s the question everyone is asking right now, and while speculation swirls about future rate cuts, the latest moves in fixed rates suggest we may not have to wait too much longer for variable interest rates to head south. While about 4-in-5 Australian households are currently on a variable-rate mortgage, fixed-rate …
When it comes to home loan features we’re spoiled for choice. Even basic loans can come with a fisherman’s basket full of options. But one feature in particular is being targeted by seven out of 10 home buyers. Faced with high interest rates and a cost of living crunch, home owners in droves are using …
The home loan feature 70% of new borrowers are hooked on Read More »
We’ve all heard the rule of thumb about property being a long-term investment. Well, get this: many home owners have seen the value of their property quintuple within the timeframe of a typical 30-year mortgage. Ask any long-term home owner what they originally paid for their property, and chances are they’ll respond with an eye-wateringly …
The sun is out – and so are the buyers! Spring is traditionally a peak period for property, and there’s a good reason why spring 2024 is shaping up to be a bumper season. Here’s how to prepare if you’re planning to buy in the weeks ahead. At last! It’s time to pack away the …
Want to grow your investment portfolio but have most of your wealth tied up in your family home? You may be able to leverage recent gains in the property market as equity for an investment property. Let’s take a look. We all have a few financial goals. And right now, investing in a rental property …
How to buy an investment property using your home’s equity Read More »
Your job can provide more than an income. When it comes to being approved for a home loan, certain roles can enjoy favourable treatment from lenders. So today we’ll look at some of the occupations that can offer up home loan perks. One of the first things a lender will look at when you apply …
A cost of living crunch is driving a new trend among renters – and it’s changing the wish lists of some property investors. We reveal what’s happening across the rental and investment markets. Investors have been a driving force in the property market lately, with lending to investors up almost 30% over the year to May 2024. …
Why multi-bedroom homes could be appealing for investors Read More »
Kiwis hoping to buy a first home in Australia have just scored gold! The popular Aussie low-deposit home buying scheme has been opened up to visa holders from across the Tasman. Here’s what you need to know. Sure, the Kiwis have the All Blacks, the glaciers and landscapes fit for a Hobbit. But Australia offers …
Low deposit scheme opens up to New Zealander visa holders Read More »
Scared to apply for a home loan? You’re not alone. Fear of rejection has stopped one in five Aussies from applying for finance over the past year. We explain what’s driving this fear, and how you can boost your chances of getting approved. No one enjoys rejection. But despite this, there are plenty of times in …
Is fear of rejection holding you back from your life goals? Read More »
As property prices hit record highs across a number of cities, it’s no surprise that new home loan balances are also nudging towards fresh peaks. Today we’ll reveal what the ‘average’ new home loan is in your state, and provide you with some handy tips to help bring down your balance sooner. High interest rates …
How much could you expect to borrow for a home in 2024? Read More »