Family Home Guarantee is here - Helping Australian single parents into a new home Are you a single parent? Struggling to purchase a new home due to low deposit? We have some fantastic news! From Thursday 1st July, you could get on the property ladder much sooner than you think. A new government incentive means you may need as little as 2%! That is a huge difference from the usual 20% deposit requirement, or could save you thousands of dollars in lenders mortgage insurance along with potentially a lower home loan rate! Whether you are looking to buy your first home, build a home or re-jo ..read more

Are you ready for June 30th? As the end of the financial year approaches and our TV screens are inundated with advertisements for EOFY savings, it’s time to think about getting yourself ready for tax time. While technically, individual tax returns have until 31 October each year to be lodged (later if lodged by an accountant), it’s a good idea to be ready well in advance. Not only will your accountant love you, but being on top of your end of financial year preparation could make a big difference to your long-term financial goals as well.  Proof of Income Your income may be more t ..read more

Assembling an expert team helps you get the most out of your investment property With interest rates at record lows, an investment property can look like an attractive option to build your wealth and secure your financial future. However, there are a number of things to consider before buy to help ensure you make a sound investment. Buying property is a popular form of long-term investment in Australia, with the perception that real estate feels ‘safe’ over the potential risk and volatility of investing in the share market. While investment properties can provide healthy returns from pas ..read more

Take the stress out of buying a house with these 5 must–know things Buying a house is a big decision, so don’t rush it There’s so much to think about when you’re buying a house. How much do you want to spend? What about finance? It can be overwhelming. Investing a little time before you start can take the stress out of buying your next house and could save you thousands. Do your research first, then dive into the real estate sites and create your home-open shopping list. Here are the top 5 things you need to know before buying your next house. Image by Tierra Mallorca on Unsplash Know yo ..read more

Why would I use a finance broker? The simple answer is that we can save you time and money. More recently with the ever changing policies and restrictions due to Covid we can save you a lot of hassle too.  Save time… The choices now available in the mortgage and business lending market can seem limitless and completely overwhelming. You can choose to research the subject, the lenders and their products yourself, or you can work with our team of experts who already have that knowledge. More choice… As accredited brokers we have access to a panel of over 30 Lenders from which we can r ..read more

"Should I move or renovate?" It’s a conversation many of us have and for many reasons, so if you’re asking yourself if you should renovate or simply sell and move on there are a few things to consider. There are number of factors to consider for both. The right answer for you will depend on why you’re needing to make a change and what it is you’re wanting to get out of your property. If you’re looking to renovate, make sure you fully understand all the impacts it may have on your life and your finances – especially when compared with moving. Benefits If you’re happy with where yo ..read more

Australian housing values drop by 0.6% in July. The impacts of COVID have continue as July saw the third month of decline, recording a national decrease of 0.6% according to the latest CoreLogic data. Two of the capital cities showed an improvement with Canberra increasing by 0.6% and Adelaide 0.1%. Melbourne suffered the sharpest decline shrinking by 1.2% followed by Sydney 0.9%. The decrease is a slowing from the 0.7% decrease in June. Regional markets managed to remin unchanged.   Locally Perth dropped by 0.6%, leaving the median value down to $439,092. CoreLogic Hedonic Value ..read more

Are you prepared for the unexpected? Life can throw up unexpected surprises and obstacles. Recently the whole word has been impacted by the Coronavirus pandemic and many thousands of people have lost their lives much sooner than they should have done. While in Western Australia with our closed borders we have been very fortunate in managing to restrict the impact and life for many of us has returned almost back to normal. The recent events have definitely taught us that no matter how well we plan our lives the unexpected can pop up and throw a huge spanner in the works. The conversations we ..read more

WITH BIG CHANGES IN INTEREST RATES OVER THE LAST FEW MONTHS, MANY PEOPLE CURRENTLY ON FIXED RATES MAY BE LOOKING WITH ENVY AS NEW FIXED RATE OFFERS DROP INTO THE LOW 2’S. We’ve received lots of calls and messages recently form borrowers currently locked in to fixed rate contracts to see if there is any option to switch to a new lower fixed rate as the savings can be significant. The recent rate decreases and emergency rate cut due to the RBA’s Covid-19 economic response saw many lenders make significant drops to their fixed rates. Our broker Paul Fox explains “This time last year the lowest ..read more

Years of rising house prices are making it increasingly difficult to enter the market. Parents who guarantee their children’s loans can help, but it is important to understand how this can impact the parents’ retirement or investment plans. Being a guarantor generally means using the equity in your own property as security for your child’s home loan. It can help a first-home buyer to secure finance for a property they can afford but may not have a large enough deposit for, and to avoid the added cost of lenders mortgage insurance. There are other advantages as well. Guaranteeing a loan canno ..read more