The Australian lending landscape has shown remarkable resilience and growth in 2024. The latest data from the Australian Bureau of Statistics (ABS) revealed increases across housing, personal and business loans. This upward trend paints a picture of a robust economy and growing consumer confidence despite the challenges faced in recent years. Housing market leads […]
Should you wait for interest rates to drop before buying property? It’s a question that’s on the minds of many Australians while interest rates continue to hover at elevated levels. The allure of waiting for a potential 1% drop in two years is undeniable with the promise of lower monthly repayments and potentially more borrowing […]
Is delaying your property purchase in hopes of a lower interest rate a risky gamble? With economists not expecting rate drops until next year, waiting for lower interest rates and potential housing price reductions may be tempting. However delaying your purchase could be a more costly gamble. The mirage of falling prices It’s important […]
And is it still worth it for first home buyers? The concept of ‘rentvesting’ gained popularity in the last decade when it was embraced by first time homebuyers eager to enter the property market. However, for some, it has been a long standing strategy in property investment. Often praised as a mutually beneficial approach for investors, […]
The recently introduced Stage 3 tax cuts are set to increase the borrowing capacity of many Australians, especially those earning between $45,001 and $200,000 per year. The exact increase will depend on individual circumstances such as income, existing debts and lender policies. However, we can provide some estimates based on current data: ESTIMATED BORROWING CAPACITY […]
The new tax cuts set that have taken effect this month are generating a lot of buzz. But beyond just putting more money in your pocket, these cuts could be a game changer for homeowners looking to reduce the term of their mortgage and lower the amount of interest paid. Here’s how you may leverage […]
As your finance specialist, here’s what we do to guide you through a smooth refinancing transition. One of the great reasons to use our finance services to help with your refinance is because we do this daily as part of our role. We know what to do, what to look for and how to determine […]
While the allure of lower interest rates and reduced monthly payments is enticing, refinancing isn’t a cost free endeavour. It’s crucial to understand the various fees associated with refinancing your home loan. We explain them here. Potential costs to consider: Discharge fees – Think of this as your old lender’s ‘farewell’ gift. This fee covers the administrative […]
What is the gender property gap? At first glance, it may seem like women are doing well in the property market. Overall, women do have a slightly higher rate of property ownership than men. However, when we dig deeper, a different picture emerges. Young women are falling behind Among Gen Z Australians (those under 30), […]
Recent studies, like CoreLogic’s Women and Property report, highlight a stark ownership gap between young Australian men and women. In the Gen Z cohort (those under 30), the disparity is a staggering 24.3%, reflecting systemic issues that make it harder for women to enter the property market. However, various programs, alternative ownership models and tailored […]