Yesterday the RBA increased the cash rate a further 25 basis points to 3.10%, marking the largest rate tightening cycle since the early 2000s at 300 basis points. A cash rate of 3.1% is the highest target adopted in 10 years. The increase follows signalling from the RBA it is committed to tackling the “scourge”…
What’s more important: your new phone or your next home loan? Well, we were stunned to see a recent survey that showed Australians put more effort into researching phone plans than they did their home loan. The fact is the right home loan can potentially save you thousands of dollars in interest so you could…
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:…
Applying for an investment loan is very similar to applying for a job. It’s all in the preparation. Of course, you want to make sure you’ve researched everything imaginable, talked to the right people and ticked all the boxes to get the stamp of approval. But where do you even start? To help you buy…
For many Australians, rate hikes and inflation have made the dream of property ownership feel ever more distant. But a recent analysis shows that meeting mortgage repayments could be cheaper than renting for more than a third of Australian properties. Often the biggest obstacle in the way of home ownership is saving up for a…
Under discussion for some time, the NSW government finally passed the stamp duty reform. This means eligible first home buyers will have the choice to pay an annual property tax instead of stamp duty at the time of purchase. This new scheme is called “First Home Buyer Choice”. The new legislation will allow first home…
You may have heard that property values are on the decline. But what does this mean if you’re planning to refinance or may need to access equity? We’ll discuss how falling housing prices may affect your refinancing application and what you can do about it. With the rising cost of living and climbing interest rates,…
Planning on visiting some open homes this weekend? To get the most out of your visit, it’s important to ask the agent these top 6 questions. Are there any known issues with the property? If you’re planning on purchasing an older home, it’s important to familiarise yourself with any known issues of the property. This…
Whether you’re tight on space, on a budget or just looking for something a little different to try this year, you’re sure to find something perfect in our list of Christmas tree ideas. Your traditional fresh pine tree A beautiful fresh cut Christmas tree can be the centrepiece of your home during festive season. For…