
Three questions to ask before you refinance
With interest rates at record lows and competitive deals on offer, switching to a new loan or lender may be an appealing prospect, with the potential to make significant savings. Since the Reserve Bank of Australia (RBA) began its latest round of rate cutting, lenders have been lowering mortgage interest rates across the board, with […]

$688 million “Home Builder” Scheme
Enter into a building contract before 31st December 2020 & you could be eligible for $25,000. To be eligible: ☑️ Singles: earning less than $125,000 per year in income ☑️ Couples earning less than $200,000 in combined income ☑️ Building or renovating your owner-occupied property ☑️ Minimum Spend of $150,000 with a building contract from […]

Stimulus Package: Instant asset write off threshold increased to $150,000
In order to deliver support for business investment, $700 million has been allocated to increase the instant asset write off threshold and expand access to include businesses with an aggregated annual turnover of less than $500 million (up from $50 million). Examples of assets that may be able to be immediately written off are a […]

Need a Loan? How much Can I vs Should I borrow?
When it comes to loans and mortgages, sometimes there is a big difference between how much we can borrow and how much we should borrow. It is wise to assess your financial position prior to applying for a home loan. Finance brokers can significantly assist once they have a clear picture of your financial position. […]

Property market rebounding faster than expected
The rebound of property price has accelerated at the end of last year based on recent data (refer to tables), demonstrating much faster rebound than originally expected. The Rebound that started mid last year, is showing prices rising in most capital cities in the second half of 2019. Melbourne and Sydney have had the fastest […]

Which home loan features are right for you: Variable vs Fixed
Before you start shopping around for a new property loan or alter your old property loan, it’s worth knowing about the options available. 3 most common differentiators are: 1. A Variable-rate loan offers greater flexibility than a fixed rate loan & will appeal to you if you don’t want an interest rate to be […]

Equipment Finance: Business Owner’s Simple Intro
There is always a benefit to Small businesses to upgrade the existing equipment or benefit from purchasing the new machinery or latest technology. Unfortunately many business owners simply don’t have enough working capital for outright purchases, making equipment finance an ideal assistance. As your broker, in addition to helping you with the equipment loan application […]

Credit report changes: don’t be caught out
On 1 July 2018, Australia moved to a positive credit reporting system. This means credit providers are obliged to provide credit-reporting agencies with more information on what accounts you hold and how you’re managing them. Previously, your credit file would only capture negative credit events: overdue debts, defaults, bankruptcies and court judgments. But the new […]

Lower Deposit Scheme For the First Home Buyer gets a go-ahead.
The First Home Loan Deposit Scheme will help first home buyers enter the property market sooner, by providing a Government guarantee that will allow first home buyers to purchase a home with a deposit as low as 5%. The Coalition Government passed new laws through Parliament this week to implement the First Home Loan Deposit Scheme, […]

RBA October Cash Rate Announcement New Record Low of 0.75 per cent
For the third time in five months, the central bank has cut the official cash rate to a new record low of 0.75 per cent. Meaning the cash rate has now been slashed by a cumulative 75bps over this period. This move is aimed at supporting jobs growth and ensuring that the inflation rate closer […]

Impressive Capital city Auction clearance rates
There is a continued upward trend in auction clearance rates, strengthening claims of a resurgence in demand for house. In the week ending 25 August, preliminary auction clearance rate of 79.6%, was reported by Property research group CoreLogic. which follows from a final clearance rate of 73 per cent recorded in the week before, being […]

More Good news for Borrowers
First home buyers will now find it easier to get a loan, and perhaps to borrow more money. Until now, lenders have had to assess a borrower’s ability to repay by using a hypothetical interest rate of 7%. This has now been changed to an extra 2.5% over and above the agreed loan rate. Considering […]