Blogs

If you’ve got a HECS-HELP debt and you're planning to buy a home, you might be wondering how it impacts your borrowing capacity. The good news? Recent changes to HECS-HELP repayments and indexation could make it easier to qualify for a home loan.Thinking about buying your first home? Understanding how your student debt affects your loan application is key to borrowing smarter.What’s new with HECS-HELP?The federal government has introduced several changes to ease the pressure on student loa...

There are many reasons to consider renovating, from making your property more liveable to driving up its market value and increasing the rental income if it’s an investment.  So, which renovations should you consider when looking to generate a return on investment?Here’s some inspiration:The Kitchen UpdateThe kitchen is often the focal point of a property, and it gets a lot of use, so it’s little wonder kitchen updates often drive-up resale value. Consider giving your kitchen ...

BackgroundChris, a long-term FinancePath client of over 15 years, first approached us at age 28. At the time, Chris had a reasonably good-paying job early in his career but only $10,000 in savings. Renting in inner-city Melbourne and travelling overseas meant saving for a deposit felt impossible — especially 15 years ago when government support for first-home buyers was limited.“I realised that I probably needed to start to plan for the future.”The ChallengeThe biggest hurdle was raisin...

If you’ve been wondering whether your home loan rate is as competitive as it could be, you’re not alone. New research from Agile Market Intelligence shows that nearly half of borrowers who feel they’re getting a worse deal than the market is extremely likely to switch lenders within a year.If that sounds like you, don’t wait, talk to FinancePath today. We’re here to help you explore your options and potentially lock in a lower rate that suits your goals.BOOK NOWWhy more Aussies are ...

Ever dreamt of waking up in a cosy mountain retreat or a beach shack overlooking the ocean – and calling it your own? Sounds pretty good, right?Whether you’re chasing a sea change, a tree change, or just a spot to unwind, buying a holiday home can be a great way to diversify your property portfolio and create your own escape. But before you dive in, there are a few things you’ll want to think about.1) Plan how you’ll use itStart by asking yourself: How often will I use this place...