Monthly Mortgage Market Update – December 2024
Even though Christmas is around the corner, there’s still a lot of activity in the finance and property markets. Here are four interesting stories happening in the market: Property buyers gain upper hand Parliament approves housing scheme How rates affect borrowing capacity 3 in 4 homebuyers using brokers Good news for anyone planning to buy […]
Monthly Mortgage Market Update – November 2024
All eyes will be on the Reserve Bank of Australia on December 10, as it makes its final cash rate decision of the year. In the meantime, here’s what else is making news: Top 3 ways to finance your renovations New insights into property investment Are redraw & offset right for you? More homes needed […]
Monthly Mortgage Market Update – October 2024
This month, let’s analyse what’s happening with home loans and look at a surprising trend among property buyers: Mortgage competition heating up What is the average loan size in your state? 22% of buyers looking interstate Why most borrowers are going variable Lenders are competing strongly for borrowers, especially those with strong credit profiles. As […]
Monthly Mortgage Market Update – September 2024
In this month’s market update, we bring some interesting insights about the rise in borrowing activity, the federal government’s housing assistance program, and the spring surge in listings: 35.4% jump in investor lending Govt scheme helping tens of thousands of buyers More choice for buyers as listings rise 7.9% Why buy & hold can be […]
Monthly Mortgage Market Update – August 2024
With the spring selling season just around the corner, here’s what’s making news in the mortgage and property markets. Rental market cools 3% mortgage buffer explained Borrowing rises 19.1% Construction loans explained Property investors have enjoyed a golden run over the past five years, during which the national median rent increased 39.7%. However, in July, […]
Why should you consider Refinancing Your Mortgage?
Refinancing your mortgage can be a smart financial move, whether you’re looking to lower your monthly payments, consolidate debt, or tap into your home’s equity. Here are a few things you need to know about refinancing your mortgage. Why Refinance Your Mortgage? Refinancing can offer several benefits, including: Lower Interest Rates: If interest rates have […]
Monthly Mortgage Market Update – July 2024
In this month’s market update, we’ve got four timely stories about loan sizes, investor activity, housing incentives and property sales. Why you should shop around for loans Home Guarantee Scheme update Vendor data shows sales trends Investor borrowing jumps 29.5% With property prices at record levels, the size of the average mortgage has also hit […]
Monthly Mortgage Market Update – June 2024
With the government announcing major home loan reforms and property prices growing strongly in many parts of the country, there’s a lot happening right now: Govt unveils mortgage reforms How many loans have under 20% deposit? City-by-city property prices SMSF tax return guidance The federal government has unveiled a series of reforms to the banking […]
Monthly Mortgage Market Update – May 2024
The Budget and inflation have been dominating the headlines recently. Here are four other stories that are important to know with May coming to an end: Variable loans surge in popularity Housing scheme milestone ATO warns investors Building costs explained Back in March 2020, at the start of the pandemic, 13.38% of new borrowers were […]
Monthly Mortgage Market Update – April 2024
Mortgage activity up 13.3%, Prices rise in 88.4% of suburbs, Borrowers meeting commitments,
Five tips to beat other buyers
