Want to save $108,000? We can do that! 🙋‍♀️💰🏡
 
Recently, the comparison provider Compare Club conducted a poll that 80 per cent of Australians cut back on spending during the three months to June so they can cover their bills.
 
Of the 73 per cent of consumers found to have received a bill that cost more than expected, 50 per cent avoiding to eat out, and 35 per cent cut down on their saving.
 
The majority of those surveyed were property owners who spent one-third of their income on home loans. 
 
Despite the low interest rates now, more than half of the respondents had not considered refinancing!
 
According to Compare Club Home Loans' general manager, Matt Gatt, a homeowner with a mortgage of $450,000 could save around $3,600 annually and more than $108,000 for the entire mortgage if they reduce their interest rate by 0.8 per cent.
 
Investors were most likely to refinance, with multiple properties because of their experience in the market.
 
Out of 10 first home buyers, 9 of them are actively looking to cut costs, with 79 per cent comparing service providers and 59 per cent making a switch.
 
40 per cent of younger homeowners (aged 25-34), are more than twice as likely to compare and switch than those aged over 54, at 15 per cent.
 
It is the youngest consumers who had experienced the highest rates of bill shock and had searched for ways to cut living costs, with half switching to more affordable providers.
 
In contrast, consumers aged over 54 experienced bill shock, but in response, only 12 per cent switched service providers to refinance.
 
Want to know more on refinancing your home loan?
 
Feel free to reach out so we can provide options for you and you can start saving!

So, meeting with our awesome clients, Joel and Millie this morning, who have just purchased as first home buyers, the most STUNNING property in Rosebud, imagine, Hampton styled exterior, wooden floor boards, and close to the beach, which we are SO excited about, but at our 7:30am zoom this morning, Humphrey their new pup joined the call too!

He was so chilled for the new meet and greet, but literally looks more like a teddy bear than a pup! Had to share, Joel, Mille and Humphrey are going to not only love the new digs, but also the daily walks along the beach from their stunning new home! So excited for you guys!!!!

Congratulations! 🏡⛱️🐶🧸

​The RBA Board has decided to keep the official cash rate on hold at the record low 0.10%pa this month. Their decision comes as we witness the largest one-month jump in house values in 17 years and a surge in new home loans.

While this indicates the Australian economy is recovering sharply, it has prompted warnings the Reserve Bank may need to soon reassess record-low interest rates.

While no one can accurately predict when this will happen, it begs the question: do you have a portion of your mortgage fixed? 

Fixed vs variable?
The main advantage of a variable interest rate is this: when interest rates are low, your monthly repayments are low. That’s a win!

But, when interest rates eventually begin to rise, your monthly repayments will increase. That’s food for thought.

With a fixed loan, your repayments stay firm. This offers you certainty, which can help you plan your finances in other areas.

Where does your loan stand? If you’re not sure you’re getting the best out of your mortgage, give us a call, we can go through your loan and your circumstances.

Buying a home is one of the biggest financial decisions of your lifetime and with so much at stake, it’s in your best interest to know every little detail about what you’re entering into.

A property valuation is an essential step in the loan application process. When you apply for your loan, the lender will send someone to determine the registered value of the property.

This number may differ from the actual price you pay. Because the valuation affects your LVR it’s imperative that if you don’t like the figure you’re given, you find another lender with a more favourable valuer.

We can help you find a lender that would suit best and answer any questions you might have about property valuation.

Schedule a meeting and let's discuss!

There are so many emotional motivations for people to buy property, however three main reasons people invest in property that stand out:

Capital Growth 

Simply put, this is how much the value of your property will increase over time. This isn’t something that happens overnight so be prepared to hold onto the property for a few years if you want to see significant growth. 

Rental & Investment Yield 

This is the amount of profit you make from rent after you deduct expenses such as upkeep and taxes. Rent prices in Australia are sky-high right now so you can expect excellent returns. 

Tax

There are plenty of ways to save on your tax bill if you invest in property. You can claim expenses such as renovations and capitalise on negative gearing by offsetting any losses you incur on your property against your taxable income. 

Perhaps you have another reason you are thinking about property investment? Or, one of the above is your motivation? Let's discuss!

Think about the last time you went grocery shopping. 

I bet you spent at least a few minutes comparing brands and deliberating on which products offered the best value for money.

If we expect that level of choice in our supermarkets, why wouldn’t we expect the same from our home loans? 

A broker’s job is to do the comparing for you. Not only are they experts but they have access to a huge database of lenders who are all wanting your business. A broker is in the position to negotiate with those lenders and find you the right value-for-money loan to fit your lifestyle.

As mortgage brokers we have: 

• Has access to more lenders, meaning you’re more likely to hear a ‘yes!’
• Is specifically trained in mortgages and knows how to structure your loan to suit your goals
• Acts as your own personal banker, guiding you through every step of the home loan process
• Will be your broker for life! You’ll receive ongoing help and advice whenever you need it during the life of your loan 

Helping people just like you to find the right home loan is my passion. If you’d like to talk to me about how I can guide you through this journey, feel free to contact me or click the button below so I can schedule a meeting!