April 16, 2020

guide lendiing changes covid-19 coronavirus

Guide to lending changes as a result of COVID-19

Back just a few short months ago COVID-19 felt like something that was happening overseas and we continued going about our normal routine. As we come out on the other side of March 2020, there is now no doubt, that this year has brought with it significant challenges for both households and businesses. Our financial institutions are now needing to make lending changes and provisions to rapidly deal with the economic issues that Australians are facing. With a number of industries effectively shut down due to the federal and state restrictions in place the flow-on effects are being felt. With […]

January 19, 2020

Melbourne First Home Buyers: Take advantage of the new First Home Loan Deposit Scheme

Before we headed to the polls in May 2019 the Government proposed a new First Home Loan Deposit Scheme. Aiming to make it easier to purchase your first home by reducing the time it takes to save up a deposit. It takes the average household around nine years to save a 20% deposit. With a 2 bedroom apartment in Melbourne suburbs starting from around $500,000, saving a 20% deposit of $100,000 can feel like an uphill battle. Many first home buyers have needed financial assistance (often from parents) to get the deposit together. The aim of the First Home Loan […]

November 8, 2019

How has the recent interest rate cuts impacted the Melbourne property market?

At the beginning of October, the Reserve Bank of Australia (RBA) cut the official interest rate to a record low of 0.75 percent, off the back of rising unemployment and a stalling economy. With further rate cuts not ruled out according to the Reserve Bank governor Philip Lowe. It should come as no surprise that the biggest winners from these low rates are people with or looking to obtain a mortgage to buy a home. While Australians who rely on their bank savings to earn interest are disadvantaged. But are people really spending more? As your local Melbourne mortgage broker, […]

August 21, 2019

APRA easing home loan rules is good news for Melbourne buyers

Lower interest rates and APRA’s easing of home loan rules is great news for buyers Following nearly three years of the official cash rate holding firm, the RBA delivered two consecutive cuts in June and July this year. The two 25 basis point cuts put the cash rate at a record low of just 1 per cent. There is now speculation and the futures market are indicating that further cuts of up to another 75 basis points could occur by the middle of 2020. While the interest rate cuts may not be passed on completely by the banks, we can […]

May 10, 2019

5 tips for getting a business loan

Need finance to cover cash flow gaps in your business, finance growth or expansion, or invest in extra working capital? Keen to start a new business but need a financial leg-up to make it happen? Run a Digital marketing business in Australia or Online business? Securing a business loan can be an excellent way to get one step closer to achieving your business goals, but you need to be well-prepared. Here are our top 5 tips for getting a business loan. Have a business plan Improve your chances of being approved for a loan with a solid business plan. This should […]

February 27, 2019

Should I refinance my home loan?

If you’re a homeowner, you’ve probably heard of the idea of ‘refinancing’ your mortgage. Essentially, refinancing means securing a new home loan that repays and replaces your existing one. You may consider refinancing your mortgage to lock in a lower interest rate or take advantage of better loan terms or features such as a redraw facility or flexible rates. You may want to access home equity to invest in properties, shares or a managed fund. Or you may be looking to consolidate debt into a single payment. Refinancing can be an excellent option for many homeowners, it’s not […]