It’s the silver lining to the COVID-19 recession for those lucky enough to still have a job and own a home. Low interest rates are here to stay according to the Reserve Bank of Australia’s governor Philip Lowe and economists. And homeowners can expect interest rates to remain at record low for at least three…
As we prepare for the possibility that the coronavirus pandemic may continue for longer than first anticipated, it’s become essential that home loan customers are offered more flexible options. With many banks and lenders adjusting their application assessment methods, home loan borrowers may be finding it difficult to source the right finance, even if their…
Most home buyers have probably heard about needing a 20% deposit to buy property. But that is not necessarily true as there are other types of loan options that can be taken advantage of. Did you know that there are a limited number of lenders that allow you to borrow up to 98% of a…
The Reserve Bank of Australia (RBA) will keep interest rates on hold in September amid higher unemployment and the Stage 4 lockdown in Victoria. The Reserve Bank of Australia (RBA) has announced the official cash rate for September, amid higher unemployment, stage 4 lockdown in Victoria and a soon-to-be-reduced JobKeeper payment. Despite some economic woes,…
We know it’s been said before, but it has truly been a challenging year, and COVID-19 has brought some unexpected disruptions to income and expenses for many people. While out of adversity often comes opportunity, there may also be short-term challenges to tackle. Our lending specialists are here to support our customers achieve their real…
You might decide that rather than buying an established property as your first home, it would better suit you to build. With the current state government grants and federal government HomeBuilder boost on offer building your first home may be the right choice for you. Building allows you to customise your home from the outset,…
Refinancing is replacing your existing home loan with a new one over the same property asset. Homeowners decide to refinance their property for a variety of reasons. Whether it’s accessing a better home loan, releasing equity or consolidating debts, refinancing may be a smart way to improve your financial situation. Refinancing is available for both…
Financial independence. If you ask 100 different people you’ll probably get 100 different answers as to what it actually is. For most, it’s the ability to do what they like, when they like. If you love your job, it may simply mean that you continue to work but with a strong safety net behind you.…
If ever there was a need for a case study about property market cycles, the past 18 months would pose as a great demonstration. After a soft start to the 2019 calendar year, the stage was set for a very underwhelming FY2020. Last year, positivity had returned before COVID-19 However, the start of FY20 saw…
Australia’s real estate industry has been put to the test in 2020, and while the coronavirus pandemic has forced the sector to slow down, first-home buyers are doing the opposite. According to realestate.com.au, since the beginning of the year, they have seen a surge in first-home buyer enquiry on their website and the health crisis…