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Discover the latest news on the Mortgage market here.
The Australian government is expecting to launch the Help to Buy scheme in 2024, which aims to assist low and middle-income earners in achieving their homeownership goals.
As a property owner, if you have a loan, you have heard about interest and cash rates. But do you understand what they are and how they affect your mortgage?
Buying a first home can be an exciting yet daunting experience for young Australians. As parents, we want nothing but the best for our children, which includes seeing them step into the property market and invest in their future.
When it comes to funding a business, there are many options available in the market. However, choosing the lending option suited to your circumstances depends on a number of factors.
Small businesses are pivotal in Australia’s economy, contributing significantly to its Gross Domestic Product (GDP). However, as a small business owner, you wear many hats and often, securing funding and managing cash flow is up to you. Whether you can source funding and understand the options suited to your circumstances can be confusing.
When it comes to investing in our homes, Australians know it’s a big decision. With numerous options for home loans from banks and non-bank lenders, it’s easy to feel overwhelmed when trying to find the most cost-effective way to reduce your mortgage repayments. That’s why having an annual mortgage review is a good idea and here are 5 reasons why.
Buying or selling a home is a major undertaking, and there are many variables that can complicate the process. If you’re looking to do both simultaneously, it’s important to be well-informed and well-prepared to help ensure a successful outcome.
If you’re considering taking out a personal loan for your next big purchase, you’ve come to the right place. From understanding interest rates and terms to discovering why a personal loan might make sense for your situation, this guide provides a quick overview.
For many people, a self-managed super fund (SMSF) offers a great opportunity to take control of their retirement savings. When it comes to investment strategy, an SMSF offers a unique advantage in the form of direct property ownership. Let’s explore the basics of SMSF, how it works, and understand the rules, costs and risks of setting up a self-managed super fund (SMSF) for property investment.
For investors in the property market, staying informed is essential to navigating the ever-changing landscape of real estate. From fluctuations in interest rates to changes in demand for rentals and everything in between, there are countless factors that can affect your investment decisions. Keep reading to get an inside look at how these influences shape buying and selling opportunities – with just a little bit of knowledge, you could make all the difference when it comes time to invest!
If you own or are looking to purchase an investment property, pre-paying your interest can be a great way to save money at tax time. You’ve probably heard this tip before, but do you know how it works and why it’s so beneficial? Let’s look at the ins and outs of pre-paying your interest on investment properties.
If you’re a first-home buyer, you may have heard the term “guarantor” used in relation to home loans. But what exactly is a guarantor? In short, a guarantor agrees to cover the repayments on your home loan if you cannot make them.
From exchanging documents to paying deposits to applying for a mortgage, understanding key dates and timelines is essential in making sure all aspects of your real estate settlement are handled correctly. This article will provide an overview of the property settlement process.
Purchasing your first home is a major milestone...
Most businesses go through cycles of growth, and at some point, you may need to free up some cash flow, or you may be preparing for the future. Either way, it’s important to weigh all of your options before making a decision.
Refinancing a home loan can be a great way to save money on your mortgage. It’s important to find the right refinancing option for your needs, and understand any costs that may be associated with refinancing.
Over the last few months, there has been a lot of speculation surrounding the housing market, including whether rising interest rates will negatively impact property prices. History does not necessarily show this to be true.
While we usually think of the big four banks when it comes to home loans, many mortgages are written by non-bank and boutique lenders like credit unions, building societies and other mortgage lenders that aren’t associated with banks.
Most people don’t realise that they have options when it comes to their loans.
If you’re looking to take out a loan, you can do a few things to ensure you secure a competitive option.
Buyers are steadily shifting their attention from houses to units.
In April, median prices rose 10.4% in annual terms for units and 18.6% for houses, according to CoreLogic – a difference of 8.2 percentage points.
Large numbers of borrowers will soon be coming to the end of their fixed-rate period, with Commonwealth Bank alone revealing that $44 billion of fixed loans will expire this year, according to Canstar.
We work with a large panel of lenders, many of which are offering special deals to people who refinance, so there’s a good chance I can help you switch to a lower-rate loan. That will help offset any future rate rises.
National residential construction costs increased 9.0% over the 12 months to March 2022, according to CoreLogic’s Cordell Construction Cost Index.
That was the highest annual growth rate on record apart from the introduction of the GST in 2001, and means Australians are having to pay more money to build or buy new homes.
The big four banks have forecast that the Reserve Bank will begin lifting official interest rates from June. If and when that happens, lenders will almost certainly increase their home loan rates.
You might not realise that taking on HECS-HELP debt can make it harder to qualify for a home loan and reduce your borrowing capacity.
There is more to investing than just purchasing a block of land. Every city and suburb has unique factors contributing to supply and demand. So it is vital to understand who is living in the area, what makes them stay for the long term, and the average rental yield and vacancy rates.
First home buyers can now save their deposit even faster after the First Home Super Saver Scheme savings threshold was increased from $30,000 to $50,000.
The Reserve Bank has said it will increase the cash rate at some point. When that happens, banks generally pass the rise over to consumers who experience a mortgage rate rise. So what can you do to prepare?
An extra 4,651 first home buyers will be able to access federal government assistance during the 2021-22 financial year.
The government had originally pledged to support 20,000 first home buyers this year – 10,000 under the First Home Loan Deposit Scheme and 10,000 under the New Home Guarantee.
Buying your first home can be overwhelming. Not only do you need to decide on the type and location of your property, but you also must understand how to finance it!
No matter how big or small your project, you may...
Property Gearing can be a confusing topic....
There is more to purchasing a property than just...
Buying a property is usually one of the most...
Previously, the buffer was a minimum of 2.50 percentage points; now, APRA has told lenders to increase it to 3.00 percentage points.
An important consideration when looking for your new home or investment is not only what you can afford, but what are your options for repayments?
Looking for a home loan that meets your requirements is an often overlooked but essential part of your purchase strategy. Being prepared includes understanding your options and strategies to maximise the strength of your loan application.
The use of buy-now-pay-later services has surged in recent years, more than doubling between 2018 and 2021, according to Roy Morgan. Meanwhile, credit cards are also used by a lot of Australians.
Australia’s banking regulator, APRA, has introduced new lending rules that will reduce the maximum amount some people can borrow.
Reserve Bank of Australia data for August shows owner-occupiers on three-year fixed loans were paying, on average, 1.26 percentage points less than those on the discounted variable rate.
Refinancing your home loan for either an investment or owner-occupier property, is one of the most common options to access your equity or free up additional funds as you grow your property portfolio.
A range of lenders now offer special loans for borrowers who want to finance home improvements such as:
Installing solar panels
Installing water tanks
Adding insulation
Adding double glazing to the windows
Doing renovations to make the home more energy-efficient
The most common mistake investors make is failing to declare all their property income, including capital gains from selling an investment property, according to the ATO.
Like securing a mortgage, your options for obtaining finance for a business or equipment purchase will depend on several factors.
Similar to a mortgage, your Business Loan is funded by a financier (such as a bank).
This is a great time to be a property investor, with tenants being forced to fight hard for rental properties, according to new data from SQM Research.
Keen to get your hands on a tax refund? Well, the Australian Taxation Office has revealed the number one problem that slows down the process.
As many parts of Australia have returned to lockdown over the past few weeks, lenders have offered home loan relief to borrowers who may have been affected.
