Blog

Coronavirus. All told, it could cost the global economy $2.7 billion— and now it’s in Australia. As of the time this article was published, 77 patients have tested positive across NSW and 128 nationally. This could have big consequences for the Australian economy and the property market.

The RBA has reduced the cash rate to a new record low of 0.50%, the first rate cut since October 2019. It’s not alone — rates are getting slashed across the world, due to the economic threat posed by the coronavirus outbreak. Many first-time home buyers and prospective homeowners are wondering how the rate cuts …

Continue reading “RBA Cuts Rates Again: How Low Can They Go?”

Just two years ago, it was difficult for most first-home buyers to imagine taking out a home loan. But today, getting a home loan is far easier. Interest rates are lower, loans are easier to qualify for, and there are new programs specifically for first-time homebuyers. 

Australia has lost its confidence in major banks, and non-major banks are on the rise.  Now more competitive and more trusted than major banks, these challenger banks are starting to be considered the better choice among mortgage customers and brokers.

The property market is already competitive as it is with many borrowers looking to invest in high-value properties. Lenders will look into several factors to ensure one’s ability to repay a loan. If you’re a medical professional, your chances of getting a loan are relatively higher.

Thinking about putting your home up for sale in the near future? You might want to improve certain parts of the property so that when the time comes for you to sell it, it will be worth more than when you bought it.