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…
Understanding Your Home Loan There’s a lot to think about when buying a home. From saving a deposit, to getting pre-approval, house hunting to sale and purchase agreements, building inspections through to settlement. But one of the most important parts of buying a home is choosing the right home loan. With so many products and…
Get Auction Ready With These 5 Tips Property auctions can be a good way to buy your next home or investment property, provided you know what you’re doing. Unlike a private sale where buyers can add conditions to a contract – like finance or building inspection conditions – when it comes to auctions, buyers must…
Understanding Borrowing Capacity Before house hunting, knowing how much you can borrow from your lender is beneficial. Your borrowing capacity is the amount a lender will lend you to buy a property. It sounds simple but it’s not. All kinds of factors determine the amount a lender comes up with, and your loan amount can…
Get a Real Pre-Approval in 4 Simple Steps Having a home loan pre-approval before house hunting puts you in the best position to buy a property. It signals to sellers that you are serious and ready to move. Additionally, it improves your bargaining power and is crucial if you want to bid on a property.…
Making Your Savings Work For You With higher interest rates than everyday transactional accounts, and the ability to withdraw funds when needed, a savings account is a good way to grow your savings faster and reach your savings goals sooner. But, just as it’s important to research and compare home loans, it makes good financial…
Savings Tips For First Home Buyers Every first-home buyer faces the challenge of saving for a deposit that seems out of reach. The harder you try to save, the more distant your goal may appear. But, if you ever want to have a place to call your own, you’ll need to start saving. Here are…
Repair Your Credit Report With These 5 Steps Have you been concerned about your credit file not being as healthy as it should be? Did you spend more than you wanted at Christmas or are you finding balancing your finances harder after a tough 2023? The fact is a poor or lower credit rating can…
Are You Saving More and Spending Less? The financial impact brought by the pandemic lingered for many individuals and households. Some people maintained the cautious approach to spending and saving that they adopted during the height of the pandemic in 2020 and beyond. The lessons learned during the pandemic about the importance of emergency savings…
Now May be a Good Time to Refinance Your Mortgage Refinancing could be a solution for Australian homeowners looking to save money in 2024. Data from the Australian Bureau of Statistics (ABS) shows that as of August 2023, a massive $407M for owner-occupied home loans and $136M investment property worth of home loans were refinanced…