You may have heard it's important to get a home loan pre-approval. But why do you need it? Pre-approval confirms you're eligible to apply for a home loan up to a certain amount. Essentially, the lender checks your financial circumstances to decide if you'll meet their criteria and can afford to repay a mortgage. It [...]
We hope 2020 is off to a positive start for you Activity in the property world has been quiet of late, in line with the seasonal festive period slowdown. However, as we progress into February, things are bound to pick up. If your goals this year include purchasing a property, now is the time to [...]
At its first meeting for 2020, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.75%. This is still the lowest it’s ever been! While the first 2020 decision is to hold the cash rate, economists are predicting more rate cuts to occur early this year. However, RBA governor [...]
How are your new year's resolutions looking so far? Have you taken the first step to achieving your goals during the first few days of 2020? Maybe we can help! Of course, we probably can't motivate you to lose weight or exercise more, but as your mortgage broker, we can help you achieve your property [...]
Buying your first home or investment property is exciting! Like planning for a holiday, you start researching about the fun things you want to do. Out of excitement, you also start looking up other activities not in the original plan, instead of researching the basics, like accommodation and transportation options. Buying a property is the [...]
Well, Christmas and the silly season is over for another year. We hope you enjoyed quality time with family and friends, even though it has also been a costly time. We imagine you spent a lot on presents, food and then the summer holidays on top. Before you know it, your Christmas spending spirit has [...]
Happy new year! How was your holiday break? We hope you had a great celebration with your loved ones! With both the new year and summer holidays, our property markets are typically quiet. But if you are looking to take advantage of this quiet season, we are always available to help you out. This can [...]
What a win for spring property hunters and homeowners! The Reserve Bank of Australia (RBA) has slashed the official cash rate to a historic low of 0.75%. Prior to the announcement, RBA Governor Philip Lowe had hinted at more cash rate cuts to come, following reductions in June and July. Governor Lowe said an extended [...]
The RBA has kept the official cash rate on hold at 1.0% at its September meeting today. The RBA Board has hinted an extended period of low interest rates are required to reduce unemployment and achieve inflation targets. Following cash rate cuts in June and July, there's been speculation about further cuts before the end [...]
Do you know what happened after the Reserve Bank cut the cash rate in June? Tens of thousands of Aussies took the Treasurer's advice to "shop around and get the best possible deal". Mortgage brokers around the country have recorded spikes in their home loan, investment loan and refinance borrower enquiries following the announcement. The [...]
