Embracing Dreams: Australians’ homebuying aspirations soar as they escape the rental squeeze

Amidst the relentless rise in living expenses and a series of interest rate hikes, fascinatingly, homebuying intentions have surged, as per the most recent data. It begs the question: why is the allure of the great Australian dream stronger than ever? Together, let's unravel the mystery behind this trend and discover how you can turn your cherished dream into a reality.

Continue ReadingEmbracing Dreams: Australians’ homebuying aspirations soar as they escape the rental squeeze

Guess where Aussie homeowners are spending $1 billion a month?

Australians have been embracing home improvements, investing a staggering $1 billion in May 2023., which, according to the ABS, marks a 4.3% increase from the previous month, according to the latest ABS figures. It appears that even with tightening budgets, renovators are unwilling to hold back.

Continue ReadingGuess where Aussie homeowners are spending $1 billion a month?

Breaking Free of ‘Mortgage Prison’ and Exploring the Eased Refinancing Serviceability Buffers

Are you interested in refinancing but have been told it's not possible? You're not alone. Many Australian households are currently stuck with their home loans due to rising interest rates. However, some banks have recently started to lower their requirements for loan approval with reduced serviceability thresholds.

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And exhale – Mortgage Borrowers relieved as the RBA keeps rates on hold this month

Thank goodness. The Reserve Bank of Australia (RBA) has decided to put the official cash rate on hold at this month's meeting. So does this finally mark the end the rate hike cycle or are there more to come?

Continue ReadingAnd exhale – Mortgage Borrowers relieved as the RBA keeps rates on hold this month

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