Using Your Home’s Equity to Build a Property Portfolio in Australia For homeowners in Australia, now might be the perfect time to consider growing a property portfolio. Property values are on the rise and an undersupply of housing is driving up rental prices. Using the equity in an existing property could help you secure a…
Why Australians’ Borrowing Power May Soon Get a Boost To ease cost of living pressures, the Australian government announced tax cuts for 13.6 million taxpayers and rebates for households. While beneficial, these cuts may impact borrowing power and create opportunities for first home buyers. A Boost from the Budget Treasurer Jim Chalmers announced…
Mortgage Interest Rate Rises and Refinancing Tips Aussie homeowners facing yet another cash rate hike in November 2023 are understandably concerned about the impact that rising interest rates will have on their mortgage repayments. Going from a low of 2.85 percent a little more than a year ago to a new high of 4.35 percent,…
Using Your Equity to Grow Your Investment If you’ve paid off part of your mortgage or made improvements to your home that have increased its value, you may have equity that could be used to buy an investment property. Equity is the difference between your home’s current value and what you owe on your mortgage,…