News
Your Borrowing Power Has Gone Down – Here’s Why
Summary Australians see a big drop in borrowing capacity, with a 32.58% decrease since 2020 and an 8.17% fall from last year, largely due to a rising RBA Cash Rate. Select lenders with low buffer rates (down to 2%) offer a glimmer of hope to boost borrowing capacity. A...
Read morefolderCategory: Borrowing Power, Buffer Rate, cash rate, News, Property Market
bookmarkTags: Borrowing power, buffer rate, cash rate, Serviceability
How The New Stage 3 Tax Cuts Boost Your Borrowing Power
The Stage 3 Tax Cuts in Australia are expected to impact the borrowing power of individuals, particularly middle-income earners, by potentially increasing their income and borrowing capacity. We did the calculations on how the changes affect your borrowing power. How Your...
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APRA’s 3% Buffer And What It Means For You
In a recent announcement, the Australian Prudential Regulation Authority (APRA) confirmed the mortgage serviceability buffer remains at 3%, following its annual update on macroprudential policy. What Is the APRA buffer rate? The APRA buffer rate, also known as the serviceability...
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Simplify Your Home Buying Process With The 360° Home Loan Assessor
Buying a home is a monumental step in anyone’s life; it often comes with a barrage of complexities and confusion. Among the myriad online tools and resources claiming to streamline the process, it’s hard to distinguish the truly valuable ones. That’s where our...
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bookmarkTags: 360° Home Loan Assessor, Mortgage Tool
Help To Buy To Start In 2024
Prime Minister Anthony Albanese has confirmed that the Labor Party’s Help to Buy Scheme is scheduled to commence in 2024. This announcement was made during the Labor Party’s National Conference, where all states and territories reached a consensus to advance the necessary...
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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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How To Purchase A Home Despite The High Cost Of Living
It definitely costs more to live these days. The Australian Bureau of Statistics (ABS) has confirmed the Consumer Price Index (CPI) rose 1.9% in the December 2022 quarter, which took annual inflation to 7.8% — the highest level since March 1990. Research from UBS also revealed...
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bookmarkTags: cost of living, Inflation
Is 2022 A Good Time To Build A House?
The Australian construction sector has recovered considerably since the pandemic hit in 2020. Demand for home building has surged to record levels. However, the industry is struggling to meet that demand and those difficulties are expected to continue well into the future. ...
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High Interest Rates, Inflation, Financial Hardship: Here’s How You Can Prepare
The Reserve Bank of Australia (RBA) has begun raising its cash rate target, after more than a decade of low and falling cash rates. And the central bank anticipates several more rate hikes over the next two years. RBA Governor Philip Lowe says Australia’s cash rate will...
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Labor Government Schemes To Help Home Buyers
Labor’s win in the 2022 Australian elections brought a change in the government schemes available to first-home buyers and those who currently don’t own property. What Government Home Buying Schemes Are Available After The 2022 Election? The Labor government has introduced...
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bookmarkTags: First home Buyer, government scheme