Building your own home can be one of life’s most rewarding milestones. Not only does a new build have the potential to save you money, but it also gives you the opportunity to design the home you’ve always wanted with all the latest fixtures and fittings. You can also plan your finances with confidence, knowing your new home will need little maintenance or repair for years to come. Your finance needs when building a new home can differ a little from buying an established propert...

Are you looking at becoming a property investor? Purchasing an investment apartment is often a great place to start. Here are a few of the benefits of buying an apartment: An apartment is typically cheaper than a traditional house. This is because houses often have a higher entry price point due to land value - so you could potentially buy an apartment or unit with a smaller deposit. Maintenance is also a cost that must be taken into consideration. If you purchase a house, all maintenanc...

If you’re currently playing the waiting game wondering what will happen when your fixed rate term ends, we understand what a stressful time it might be. Fixed rate borrowers have been temporarily shielded from the Reserve Bank’s cash rate increases, but for how long? It’s estimated that almost 40 per cent of Aussies on low fixed rate loans will roll off them next year. This could result in a considerable increase in mortgage repayments for households that are already stret...

How do you know how much to pay for a property? As a buyer, it can be tricky. Offer too much and you’ll end up paying more than market value. Offer too little and you risk missing out on your dream home or investment property. So, how do you ensure you’re getting a good deal whilst remaining competitive against other buyers? Here are some tips. Look for recent sales in the area Start by looking at what’s been selling in your preferred neighbourhood. Focus on the immediat...

Over the past few months, it seems like predicting the RBA’s next cash move has become a national pastime. Will the cash rate go up, down or sideways? How many times will the RBA increase the cash rate over the next year? How will it affect my family, my neighbour and the milkman? But what most people do not understand is exactly why the RBA is increasing the cash rate. Let’s explain. What has happened to the RBA cash rate since May 2022? In May 2002, the RBA increased ...