It’s hard to believe that it’s almost the end of the year, and what a year it’s been in the property world! Let’s look at some of the highlights from 2023. Interest rates climbed and then plateaued From May 2022, the Reserve Bank of Australia (RBA) began an aggressive cycle of tightening the cash rate to get inflation under control. In 2023, we saw the RBA lift the cash rate in February, March, May, June, and November, leaving mortgage holders grappling with rising...

You’ve picked out your dream home, your offer has been given the thumbs up, and now there’s just one big step left – settlement day. Settlement day is a mix of fun and formalities. As your mortgage manager, we’re here to make sure settlement ticks along without a hitch. What’s settlement day all about? Settlement day is the final step in your home-buying journey – it’s when the property is legally yours and you get those new keys. Your conveyancer ...

Are you looking to transform your totally loveable but less than spectacular property into your dream home? With property prices on the rise in many markets, renovating may be a more suitable option for many people rather than moving on to another property. Whether you’re looking to rework your garden into a tropical oasis, update your 1960s bathroom or remodel your retro blue kitchen, there are several ways to fund your renovation. 1. Use your equity Equity is the difference betwee...

Diving into the world of property investment can be both exhilarating and daunting. With the potential for considerable returns, it’s tempting to jump right in. However, it’s essential to be aware of common pitfalls and arm yourself with strategies to navigate them. Here’s a guide to help you avoid four common mistakes when buying your first investment property. 1. Poor Cash Flow Management Understand Initial Costs: Before even looking at properties, familiarise your...

Are you planning to purchase your first home or investment property? If you’re new to buying property, here’s how the home loan application process works. Understand your borrowing power When it comes to buying a home or investment property, the first step is to get a clear picture of your borrowing power and budget. How much can you afford to spend on the property? What repayments can you reasonably cover? Having a budget in mind will help you narrow down your property searc...