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Despite an uncertain economy, home buying confidence across the country is strong. In fact, this is the highest it’s been in 12 months.  Between falling interest rates and rising optimism for 2021, Australia is starting to see a serious return of buyers. We’ll look at why this is happening across the board.

A property valuation assesses what a property is worth based on everything from condition to location to amenities. It’s completed by a valuer who will inspect the property, take notes, photograph building details and layout, and complete a valuation report. It’s easy for homeowners to wait until they’re about to refinance before initiating this process.

This common question for buyers and property investors has everything to do with your borrowing power and whether a lender believes you have the capacity to pay back a loan. First-home buyers and seasoned property investors all go through similar evaluations, although lending criteria may differ between the two.

Data from the Australian Securities and Investments Commission (ASIC) says that around half of all new home loans written in Australia are through a mortgage broker. With borrowers worried about risks involved when it comes to home loans, it’s important to understand what mortgage brokers do exactly, why would you need one.

The 2020-21 Federal Budget was finally revealed after a six-month delay as Australia navigates the impact of the economic fallout caused by COVID-19. As Australia enters its first recession in 29 years, the 2020-21 Federal Budget presents an opportunity to stimulate economic growth and boost jobs in various sectors.

To mitigate the impact of the COVID19 pandemic on the country’s financial climate, the Australian government plans to relax stringent credit laws and regulations, making it easier for Australians to take out a new mortgage or to refinance their existing home loan.