Experts Predict Property Trends for 2024
Home Loan Experts Blog
by Otto Dargan
1M ago
As we step into 2024, the team at homeloanexperts.com.au is thrilled to share exclusive insights from our property experts and mortgage brokers regarding the property market. In this blog post, we present their takes on emerging trends, challenges and opportunities for buyers, and actionable steps. It’s time to make 2024 your year in the property market. The Market Will Be Busier Government Schemes On The Forefront The year 2024 will be a busy market, with stable interest rates and easing inflation contributing to high rents. Government initiatives, such as new tax rates and the Help to Buy sc ..read more
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APRA’s 3% Buffer And What It Means For You
Home Loan Experts Blog
by Otto Dargan
2M ago
In a recent announcement, the Australian Prudential Regulation Authority (APRA) confirmed the mortgage serviceability buffer remains at 3%, following its annual update on macroprudential policy. What Is the APRA buffer rate? The APRA buffer rate, also known as the serviceability buffer, is a minimum additional interest rate – above the rate for the mortgage – that lenders use when assessing the ability of borrowers to repay their home loans. The buffer rate is now 3%, so to be approved for a loan with an interest rate of 5%, most banks will require that a borrower be able to make repayments ba ..read more
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How Mortgage Elves Bring Holiday Magic
Home Loan Experts Blog
by Otto Dargan
3M ago
Move over, Santa’s elves! There’s a new crew in town – and they’re not busy crafting toys. They’re the Mortgage Elves, working behind the scenes during this festive season to bring holiday magic to home financing. There are striking similarities between the festive magic of the North Pole’s famous toy-making crew and the diligent work of mortgage brokers during this season. Let’s explore the parallels between the labours of Santa’s workshop and the loan approval process, highlighting the dedication, attention to detail and commitment our team brings to ensure you get the right deals. Elves And ..read more
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Queensland Doubles First Home Owner Grant To $30,000
Home Loan Experts Blog
by Otto Dargan
3M ago
Effective today, eligible first-home buyers in Queensland can get $30,000 as a First Home Owner Grant. This is double the previous grant amount of $15,000. The changes will apply to eligible transactions between 20 November 2023 and 30 June 2025. First home owners are expected to be able to apply for the increased grant from the first week of January 2024. It’s been estimated that doubling the grant from $15,000 will help around 12,000 homebuyers purchase their first home by June 2025. Why Did Queensland Double The First Home Owner Grant? Premier Annastacia Palaszczuk said, “I want to see ho ..read more
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Revealing The Investment Strategies Of Wealthy Individuals
Home Loan Experts Blog
by Otto Dargan
4M ago
High-net-worth clients, those who’ve achieved financial success, have distinct investment strategies that differentiate them from others. Let’s unveil some of the secrets behind their success and peek into the investment strategies they use to maintain and increase their wealth. Investment Strategies Of High-Net-Worth Clients Here’s a list of the top five investment strategies high-net-worth individuals use: 1. Maximising Tax Benefits Through Negative Gearing Negative gearing involves owning and maintaining a property where the associated expenses exceed the rental income it generates. Savvy i ..read more
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Why Chinese Investors Choose Home Loan Experts
Home Loan Experts Blog
by Otto Dargan
4M ago
Are you a Chinese investor thinking about buying property in Australia? You’re not alone. Recent Treasury data shows that Chinese investors are increasingly interested in Australia’s property market. They spent a record $2.3 billion on residential real estate in the nine months leading up to March 2023. That’s about $8.4 million a day, making Australia more popular for Chinese investors than Canada, the UK or the US. During this time, Chinese investors bought 1,775 properties, and those from Hong Kong spent $400 million on 467 properties. PropTrack report shows that rental property searches fr ..read more
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Simplify Your Home Buying Process With The 360° Home Loan Assessor
Home Loan Experts Blog
by Otto Dargan
4M ago
Buying a home is a monumental step in anyone’s life; it often comes with a barrage of complexities and confusion. Among the myriad online tools and resources claiming to streamline the process, it’s hard to distinguish the truly valuable ones. That’s where our 360° Home Loan Assessor steps in – your all-in-one guide to demystifying the mortgage assessment process. The 360° Home Loan Assessor Our 360° Home Loan Assessor is here to simplify your home-buying journey. It’s designed to determine your borrowing power, minimum deposit requirement, and costs associated with buying a home. No more jugg ..read more
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Navigating Home Loans for Self-Employed: Low Doc vs. Full Doc
Home Loan Experts Blog
by Otto Dargan
4M ago
Are you self-employed in Australia and dreaming of buying a home? As someone with a non-traditional income structure, securing a home loan can be difficult. Fortunately, there are solutions available to help self-employed borrowers, even those with low documentation. Full-Doc Self-Employed Home Loans Full-doc loans are traditional home loans that require self-employed borrowers to provide detailed financial documentation. Full-doc loans require self-employed borrowers to provide standard documentation to prove their income, assets and liabilities. You will need to provide two full financial y ..read more
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The Impact of A Potential Cash Rate Increase On The Housing Market
Home Loan Experts Blog
by Otto Dargan
4M ago
When we think about the housing market, our minds often gravitate towards the more apparent factors like property prices, demand, and mortgage rates. Recently, the spotlight has shifted towards a potential cash rate increase as inflation data released by the Australian Bureau of Statistics showed Consumer Price Index (CPI) rose 1.2% in the three months to September 2023 and 5.4% annually. What Are The Odds Of A Cash Rate Increase? While many economists had predicted that the cash rate would hold in November 2023, they are revising their predictions. Jonathan Preston, Senior Mortgage Broker at ..read more
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RBA Cash Rate Prediction For October 2023
Home Loan Experts Blog
by Otto Dargan
5M ago
The anticipation is mounting as Australians await the Reserve Bank of Australia’s (RBA) decision on the cash rate for October 2023. In the midst of economic uncertainty and global inflation trends, Home Loan Experts CEO Alan Hemmings, and Senior Mortgage Broker Jonathan Preston have shared their insights and predictions on what to expect. Steady As She Goes With a keen eye on the economic landscape, Hemmings predicts that the RBA will maintain the current cash rate in October 2023. He bases this prediction on the cautious stance central banks worldwide have adopted. He observes that in recent ..read more
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