First home buyer loans rise 12.9%
There’s been a significant increase in first home buyer activity over the past year, based on the latest data from the Australian Bureau of Statistics. There were a total of 9,491 owner-occupier first home buyer mortgages issued across Australia in December 2023, which was 12.9% higher than the year before. First home buyer activity rose […]
Investors commit $9.72 billion of home loans…
Every state has recorded a rise in property investor borrowing over the past year, with Western Australia leading the way. Throughout Australia, investors took out $9.72 billion of home loans in November 2023, which was 18.0% higher than the year before, according to the most recent data from the Australian Bureau of Statistics. Looking at […]
Understanding the Small Business Loan Application Process in Australia
Navigating the world of business finance can be daunting, especially when it comes to securing a loan for your small business in Australia. Understanding the application process for business loans is crucial in securing the funds needed to grow, innovate, or simply keep your business running smoothly. This guide aims to demystify the process of […]
How to Refinance Mortgage with Bad Credit? Challenges & Winning Strategies
Refinancing a mortgage can offer numerous benefits, such as lowering monthly payments, reducing interest rates, and shortening the loan term. These advantages can significantly enhance your financial stability and savings. However, for those with bad credit, the refinancing process presents unique challenges that can make these benefits harder to achieve. Understanding and overcoming these obstacles […]
Guide for Self-Employed Borrowers: Low Doc Home Loans
Entering the finance world, particularly as a self-employed person, can be overwhelming. With numerous loan choices and complex jargon, it’s challenging to know where to start. Luckily, this guide is here to help. With clear explanations and simple comparisons, this article explains the low or alt doc home loan market in Australia, making it easy […]
Borrowers refinance a record $19.5bn of home loans
Borrowers refinance a record $19.5bn of home loans Refinancing activity is at ultra-high levels right now, as owner-occupiers and investors alike try to find home loans with lower interest rates as the Reserve Bank continues to raise the cash rate. Borrowers refinanced a record $19.5 billion of loans in November, the most recent month for […]
