We’ve well and truly tipped over into the second half of the year, or the first half of... The post August interest rate update appeared first on Base Home Loans ..read more

While the latest data shows signs that the rental market may be showing signs of easing off, property... The post 6 ways to improve your Borrowing Capacity appeared first on Base Home Loans ..read more

Being self-employed in Australia doesn’t disqualify you from getting a home loan and while the application process may be slightly different in terms of requirements, having the knowledge of how you can apply for a home loan before you become self employed will make the process simple and straight forward. If you’re self employed and looking to secure a home loan for your first home, to purchase your next home, or kickstart your investment portfolio, we can break down the process of what’s required and give you the best chance to get your home loan approved. Here, you’ll find out exactly what ..read more

While the latest data shows signs that the rental market may be showing signs of easing off, property sale prices continued to climb in May. The median house price in Perth is now $650,000 – up 3.2% from last month, and a whopping 17.1% from May 2023. Demand for established housing remains strong, fuelled by ongoing population growth, contraints in the building industry and a challenging rental market. With this demand for established homes looking unlikely to fizzle out anytime soon, our clients are turning to us to arrange solid pre-approvals, and biding their time in other ways to make sure ..read more

Up until recently, predictions from Australia’s top economists and home loan lenders, had us all eagerly awaiting the first downward movement in interest rates since before we can remember, towards the middle of this year. Now, following the most recent release of key inflation data by the Australian Bureau of Statistics last Wednesday, shows that the Consumer Price Index (CPI) rose 1% during the March quarter – which overshot what economists had expected and was 0.4% higher than the rise seen in December 2023. As it stands, borrowers are being warned that an interest rate cut may be further o ..read more

As if the cost of living and higher interest rates weren’t enough for prospective home owners to worry about, this with a HECS- HELP loan will have to consider a debt increase following the recent announcement that the indication on student loans in Australia is set to increase to around 4.7-4.8 percent. The consumer price index (CPI) which determines how much HECS-HELP and all other student debt increase under the annual indexation that takes place on June 1, and with inflation data just released, we are now looking at the second highest figure since 1990. What does this mean for people with ..read more

A bridging loan, or bridging finance, is a short-term loan that can help you finance the purchase of a new property while you sell your current property.  With high levels of competition within the Perth property market currently, a lot of people are also wanting that extra security to know they have been able to secure a new home before they go ahead and sell.  Bridging finance may provide the answer to affording to do both, but it is not the best option for every case and it’s important to understand the pro’s and cons.  How does a bridging loan work? Bridging loans provide co ..read more

With listings in Perth falling below 4,000 homes, interstate investors are capitalising on the affordable real estate market, according to a Perth real estate agent. Peter Vetten from Raine & Horne Mandurah, said the heat in the Perth property market is exacerbated by many properties selling off-market. “In the Perth metro region, there’s normally around 13,000 to 14,000 listings, and at the moment we’re under 4,000 listings. We’ve got a serious supply and demand situation that has contributed to Perth’s prices climbing by almost 17% over the last year,” he said in a news release. Vetten a ..read more

Perth house prices forecast to grow by 8% next year One of the key questions we’re hearing lately from our clients and prospective clients is, “when will the property market in Perth drop?” And our response is generally, not any time soon if the current reports are anything to go by. Perth house prices are holding strong and look set to continue on their current trajectory. If you want to buy a property for investment or improve your home, now is a great time to do so. With Perth house prices predicted to witness substantial growth in the coming two years, supported by rising demand, limited i ..read more

There’s no denying the Perth property market is hot right now. Along with local demand outstripping current supply, Perth is experiencing an influx of investor activity, driven by affordability with one of the lowest capital city medians along with Adelaide. This is welcome news for existing property owners but highlights the importance of a clean and competitive offer for those buyers needing to get an edge on the competition to get their offer accepted. Boasting both relative affordability and a somewhat insulated economy, the constant onslaught of rising interest rates we saw in 2023 h ..read more