At its board meeting this week, the Reserve Bank of Australia announced it will hold the cash rate at 4.35%. This follows an increase in annual inflation with data last week showing an increase to 3.8% over the year to June. The inflation data shows he first increase since the December 2022 quarter, with many…
Hats off to Australia’s first home buyers! The latest lending data shows they’re refusing to let last year’s rate hikes and rising property values dampen their goal of buying a home. Here are five tips to help you buy your first home in 2024. You’ve gotta hand it to first home buyers in the current…
The property market has ignored higher interest rates, with values rising almost 5% since March. But why are national housing prices climbing when interest rates are higher? Australia’s housing market continues to defy the odds and show resilience – even with higher interest rates and higher inflation. Despite interest rates rising 4% in a year…
There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. You don’t have to wait until you’ve found a home you’d like to buy before making mortgage…
Inflation is driving up the cost of living and we’ve had successive interest rate hikes. So why are buying intentions from people on the increase? The great Aussie dream is still alive and what can you do to make it a reality? Despite a flurry of rate rises, new data this month shows homeownership is…
Rising interest rates have created doom and gloom headlines for mortgage holders. But there is some good news. First Home Buyers are now reaching their 20% deposit goal faster. The 2023 Domain First Home Buyer Report has delivered good news for First Home Buyers. The report shows that first-home buyers aged between 25 to 34 are…
We all know that managing our money is important and that bad debt is well, bad. When applying for a home loan or personal loan there are common spending habits that may raise a red flag to lenders. Smart money management and cutting back on expenses can help your home loan application. That’s no secret.…
Interest rates and the cost of living are rising. This has led to a growing number of Australians struggling to manage their finances. The feeling of financial stress is real, but there are steps you can take to keep your head above water. Even in the best of times, managing your finances is hard. Every…
Inheritances can be a bittersweet part of life. But an inheritance alone won’t always cut it when applying for a home loan. Having genuine savings can help show lenders you’ve got what it takes to meet mortgage repayments. With many older Australians having accumulated a decent amount of wealth throughout their years, it’s not uncommon…
Whether it’s your love life or your home loan application, no one likes getting rejected. There are many reasons why it could happen, and some can come as a big shock. So today we’ve outlined five surprising reasons to help you avoid home loan heartbreak. There are few words would-be home buyers dread more than:…