Cash Out Refinance Australia: What You Need to Know
Cash Out Refinance Australia: What You Need to Know In today’s dynamic financial landscape, understanding the various options available for managing your mortgage and enhancing your financial flexibility is vital. Among these options, cash-out refinance has emerged as a popular choice for many homeowners. It’s a strategy that can unlock the potential of your home […]
Getting A Home Equity Loan: Step by Step Guide
When it comes to leveraging the value of your home for financial gain, a home equity loan is a popular option many Australians turn to. Whether it’s for renovating your home, consolidating debt, or funding a major expense, understanding how to apply for a home equity loan is crucial. This guide walks you through the […]
Unlocking Opportunities: HELOC vs Home Equity Loan for Investment Property Success
Investing in property is a significant step towards building wealth, but it often requires smart financial strategising. One key aspect of this is deciding how to leverage your existing home equity. In this context, homeowners are frequently confronted with two options: a Home Equity Line of Credit (HELOC) and a Home Equity Loan. Understanding the […]
More and more people buying real estate across state boundaries…
An increasing number of property investors are buying interstate, potentially because they’re chasing affordability, diversification or stronger returns. PropTrack has reported that, over the course of this year, 23% of all buyer enquiries on realestate.com.au have come from people based in a different state. That compares to 17% in 2022, 15% in 2021 and 11% […]
Inflation fight has entered new phase…
Reserve Bank of Australia (RBA) governor Michele Bullock has outlined why the RBA might be forced to make another increase to the cash rate. The challenge, as she explained in a speech to the Australian Business Economists, is that inflation has entered a new phase, which will make it hard for the RBA to reduce […]
Mortgage borrowing increases 5.6% month on month…
Mortgage borrowing increases 5.6% month on month… Home loan borrowing activity is increasing among both owner-occupiers and investors. Owner-occupiers committed to $17.23 billion of mortgages in October, according to the latest data from the Australian Bureau of Statistics. That was 5.6% higher than the month before and 1.4% higher than the year before. Investors committed […]
Average credit score hits 855…
Despite rising interest rates, Australians have improved their credit score over the past year. The national average credit score rose from 846 in 2022 to 855 in 2023, according to an analysis of more than two million credit scores by credit bureau Equifax. That means the average Australian has improved from ‘very good’ to ‘excellent’, […]
