It starts as a family conversation. Mum is managing reasonably well on her own, but everyone knows that probably won’t be the case forever. Or maybe it’s your adult daughter who’s still at home, trying to save a deposit while paying Sydney prices for everything else. You have a decent backyard in Campbelltown and somebody
Mum Is Moving In. Could Your Home Equity Help Fund a Granny Flat? Read More »
RBA Governor Michele Bullock spoke at the Committee for Economic Development of Australia in Sydney today, with inflation, interest rates and the economic outlook firmly in focus. The timing is particularly relevant for borrowers. The RBA Monetary Policy Board meets on 28 and 29 September, with its next interest rate decision due at 2.30 pm
RBA Update: What Borrowers Need to Know Ahead of 29 September Read More »
Your home has increased in value. You’ve also been paying the mortgage down for years, so the difference between what the property may be worth and what you owe has grown. On paper, you have equity. That can lead to the obvious question: Can I use that equity to buy an investment property? Potentially, yes.
You Have Equity in Your Home. Does That Mean You Can Buy an Investment Property? Read More »
You’ve saved a deposit. It might have taken years. You finally have enough money sitting in the bank to start looking seriously at properties, so you open the real estate apps and work out roughly what you think you can afford. But having a deposit and having enough money to complete a property purchase aren’t
You Have a Home Deposit. But Do You Have Enough to Actually Buy the Property? Read More »
You probably compared home loans carefully when you bought your property. You looked at the interest rate, repayments, loan features and lender. Perhaps you used a broker to compare options and structure the loan. Then settlement happened. Years passed. The loan kept being paid every month, and unless something went wrong, there may have been
Your Home Loan Was Competitive When You Took It Out. Is It Still? Read More »
If you’re feeling like your mortgage is taking a bigger bite out of your income than it did a year or two ago, you’re certainly not alone. Many homeowners across Airlie Beach have watched repayments increase while everyday living costs have continued to climb. Whether you’ve purchased a home overlooking the Whitsundays, invested in property,
For nearly four years, a young woman working for the NSW State Government had been doing something many first home buyers struggle to achieve. She was saving consistently. Living at home. Avoiding unnecessary debt. Working full-time. Building a deposit. Every payday, money went into savings. Slowly at first. Then faster as the balance grew. The
She’d Done Everything Right. The Hardest Part Was Knowing When To Start Read More »
There was a time when many Queensland buyers searched within a relatively small radius of where they already lived. Today, that radius is expanding. Higher property prices, affordability pressures and changing lifestyle priorities have encouraged many households to look beyond traditional buying areas. Some are moving an hour away. Others are moving two. Increasingly, communities
For many borrowers in Picton, choosing between a fixed rate and a variable rate has become one of the most important decisions in the home loan process. It sounds simple on the surface. Choose certainty or choose flexibility. However, the reality is far more nuanced. The right option often depends on your financial goals, cashflow
For many people in Mungindi, getting a home loan starts with a familiar question: “Should I go straight to my bank, or should I speak with a mortgage broker first?” It’s a reasonable question. After all, many borrowers already have a long-standing relationship with their bank. Their wages may go into the account, their savings
