More Aussies turn to mortgage brokers for a hand managing hikes

Blog 1100x733 helping hand

An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help. A key election promise of the Albanese government, Help to Buy is a shared equity scheme aimed at helping 40,000 low…

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Sneaky rate hikes – is your lender behind them?

Blog 1100x733 Sneaky Hike Aug 2023

The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Home owners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork just yet. Mozo reports that…

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Where homeowners are spending $1 billion a month

Blog 1100x733 Renovations July 2023

Australians are showering their homes with $1 billion worth of love each month as home improvement spending ramps up. We look at the cost of popular renovations – and how to foot the bill. Belts may be tightening but not, it seems, for renovators. The latest figures from the ABS show Australians spent a whopping $1,044 million…

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Could apartment living help you dive into the property market sooner?

Blog 1100x733 Apartment

Buying a home for the first time can be challenging, especially with house prices soaring in recent years. So could switching from house hunting to unit searching be the way forward for you? There’s no denying that getting into the property market in today’s economic climate ain’t easy. The average Australian house price is now $725,000 –…

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Breaking out of mortgage prison: can easing serviceability buffers help?

Blog 1100x733 Mortgage prison

Have you been keen to refinance but told you can’t? You’re not alone. Many Australian households are currently locked into their home loans due to rising interest rates. But some banks have recently started to lower their serviceability thresholds.  As interest rates have climbed, Australians have refinanced in unprecedented numbers. In fact, a record high of…

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