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.
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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 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.