Government plans to relax home loan rules for younger borrowers…
Treasurer Jim Chalmers has instructed financial regulators to make it easier for Australians with student debt to take out a mortgage. Currently, the banking regulator, APRA, and the financial services regulator, ASIC, expect lenders to take HELP-HECS debt into account when assessing home loan applications. However, Dr Chalmers said he wanted lenders to be able […]
5 deposit strategies to consider, as loan sizes rise higher…
Owner-occupiers are stepping up in the property market as investors are stepping down, according to new data from the Australian Bureau of Statistics, while average loan sizes now range from $465,000 in the Northern Territory to $811,000 in New South Wales. During the final three months of the year, loan commitments fell 4.5% quarter-on-quarter for […]
The Best Home Loan Features for Accountants Who Love to Save
Accountants have a unique advantage when it comes to building wealth. With a strong understanding of tax laws, financial planning, and cash flow management, they are in a prime position to make smart investment decisions. One of the best ways for accountants to grow their wealth is through investment properties. In Australia, real estate has […]
The Smartest Ways for Accountants to Structure Their Home Loan
As an accountant, you have a strong financial profile, making you an attractive borrower in the eyes of lenders. However, the way you structure your home loan can significantly impact your cash flow, tax benefits, and long-term financial stability. Many accountants overlook loan structuring, missing opportunities to save thousands on interest and taxes. In this […]
Why Banks Trust Accountants More for Home Loans
Buying a home is a major milestone, but securing a home loan can be challenging unless you are an accountant. In Australia, accountants have a clear advantage when applying for a mortgage. Banks see them as low-risk borrowers, which makes approvals easier and often results in better interest rates. But why do banks trust accountants […]
Debt Recycling: A Smart Strategy to Pay Off Your Mortgage & Grow Wealth
Have you ever wondered if there’s a way to turn your home loan into an investment tool? Debt recycling might be the answer. It’s a strategy that converts (recycles) your non-deductible (bad) debt into tax-deductible (good) debt, helping you pay off your mortgage faster while investing for the future. But is debt recycling worth it? […]
Record number of consumers turning to brokers…
About three-quarters of homebuyers are now using mortgage brokers, according to the latest data from Comparator. In the September quarter, brokers originated a record-high 74.6% of all new home loans, while banks originated a record-low 25.4%. Choice is the number one reason homebuyers prefer brokers – a broker will compare home loan products from a […]
