Lower Serviceability Buffers Offer A Path To Refinancing
Exciting news for homeowners struggling to refinance: The major banks in Australia have taken a step towards easing the burden by lowering their serviceability buffers. This means that if you meet the eligibility criteria, you can benefit from these revised assessment rates. Which...
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First Home Guarantee Vs Guarantor Home Loan
As a first-home buyer, there are many options available to help you get your dream home, so making the right choice can be difficult. In this article, we’ll explore two of the most popular options available for first-home buyers: The First Home Guarantee Guarantor...
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Changes Coming To Australia On 1 July 2023
As the new financial year begins, many changes that were announced in the federal and state budgets will come into effect. We’ve outlined the major changes that will affect home buyers, owners, renters and investors. Federal Changes The following changes are effective...
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Has Inflation Peaked?
In response to the high inflation, the Reserve Bank of Australia has raised the cash rate by 4.0 percentage points since May of last year, following the latest 25-basis-point increase in June. The Treasurer and RBA governor have established a target for inflation. The goal is...
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Australia’s Rental Affordability Crisis
The ANZ CoreLogic Housing Affordability quarterly report reveals the challenges many would face when buying or renting in Australia. The May 2023 report analysed the rental affordability crisis in Australia caused by the pandemic’s impact on rental supply and demand. Why...
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Westpac Introduces Streamlined Refinance Policy
Westpac recently launched its Streamlined Refinance policy to help customers. What Is Westpac’s Streamlined Refinance Policy? This new policy is designed to make refinancing easier and more accessible to customers who meet certain eligibility criteria, so they do not...
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Major Banks End Cashback Offers For Refinancing
As of the end of June 2023, two of the largest banks in Australia will no longer offer cashback incentives to customers who refinance their home loans. Commonwealth Bank of Australia (CBA) will be ending its cashback offer on 31 May 2023, while National Australia Bank (NAB) will...
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How To Minimise The Impact Of Interest Rate Rises In 2023
The RBA’s 11th rate rise since May 2022 has everyone worried about their loan repayments. The central bank has been accused of playing recession roulette, but the RBA argues that rate increases are required to smash inflation – which, as of May 2023, is at 7%. The RBA’s...
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Is The New Budget Going To Be Inflationary?
The 2023-24 Australian federal budget has sparked a debate about whether it will cause inflation to rise or fall. The government’s $21 billion economic relief package focuses on relieving the high cost of living, promoting affordable housing, improving healthcare, and providing...
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A Mortgage Broker Answers Your 10 Burning Questions
At Home Loan Experts, we have mortgage brokers who are specialists in all niches. Plus, they’re legally obligated to act in your best interest. This means they’ll consider your financial situation and recommend loan products that are suitable for you. Our expert...
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