Blogs

If you're new to buying property, understanding your credit report is a crucial step in preparing for your home loan application. Think of it as your financial report card, it reflects how you manage debt and financial commitments, and lenders use it to assess your creditworthiness.Curious about your score?Reach out to us at FinancePath! We can check it for you and help you understand what it means for your borrowing potential.BOOK NOWWhat is a credit report?Your credit report is a d...

With interest rates on the way down, it's a fantastic time to think about jumping into the property market. But while buying your first home is super exciting, it can also be a bit of a minefield if you're not prepared.At FinancePath, we get it. Your first property, whether it's a cozy place to live or a smart investment, should help you build a stronger financial future. To help you out, we've put together a list of five common mistakes first-time buyers make and how you can steer clear of them....

If you’ve been waiting for the right time to restructure your loan or enter the property market, the Reserve Bank of Australia (RBA) may have just handed you the perfect opportunity.What’s changed?Over the past six months, the RBA has reduced the cash rate three times by 0.25%—a total drop of 0.75%. These cuts have a direct impact on your borrowing capacity and monthly repayments.Borrowing power boost
This means you could now afford a property priced $93,750–$187,500 higher than befo...

If you’ve been struggling to break into the property market, recent changes to the First Home Guarantee Scheme could be the breakthrough you’ve been waiting for.What’s new?The First Home Guarantee Scheme has undergone significant changes in 2025, especially in Melbourne:Price cap increased from $800,000 to $950,000
 Income limits removed, making more buyers eligible
 5% deposit scheme proposed, reducing upfront costs
 Melbourne market opportunityLet’s say you were...

With inflation heading in the right direction and the Reserve Bank of Australia (RBA) cutting the cash rate three times this year, many Aussies are wondering:Is now a good time to refinance?The short answer? It depends on your personal situation and goals. But there are some strong signs that now could be a great time to take a closer look at your home loan.Inflation is settling down.The latest inflation data is promising. The RBA’s preferred measure trimmed mean inflation is now sitting co...