Posted in Homeownership

In today's fast-paced property market, timing is crucial. You might discover your ideal home before you've sold your current one, but without the right financial solution, you could miss out. This is where a bridging loan from FinancePath can make a difference.What is a Bridging Loan?A bridging loan is a short-term financing option that allows you to secure a new property before selling your existing one. It bridges the gap between buying and selling, ensuring you can move forward without delay...

At FinancePath, we know that settlement day is an exciting milestone — it’s the moment you officially become the owner of your new home. But while it’s thrilling, settlement day can also come with its share of last-minute surprises. With proper planning and the right support, you can minimise potential issues and ensure a smooth handover. Here’s your guide to avoiding common settlement day pitfalls and making your big day a success.Common settlement day surprises to watch forSettlemen...

At FinancePath, we understand the challenges homeowners are facing with rising costs of living and mortgage repayment pressures. However, amidst these financial stresses, there’s some positive news for property owners. National property prices have continued to see growth, providing homeowners with potential opportunities.National property prices continue to riseIn October 2024, data from CoreLogic revealed that national property values increased by 0.3%, marking the 21st consecutive month ...

With last week’s announcement, the Reserve Bank of Australia (RBA) decided to keep the cash rate at 4.35 percent. Now, all eyes are on when the first-rate cut might happen.Chris Collard, Director at FinancePath, believes that a future rate cut will make a big difference in boosting confidence among potential buyers. “While a rate cut would give existing borrowers some extra cash flow, the biggest effect would be on confidence for those thinking about buying—whether they’re looking for...

Homeowners across Australia are eagerly awaiting a potential cash rate cut from the Reserve Bank of Australia (RBA), which has remained steady at 4.35% since November 2023. With interest rates in other countries, like the US, Canada, New Zealand, and the UK, starting to drop, many are hopeful that the RBA will soon follow suit.Will the RBA cut rates soon?Despite some optimism following a 0.50% rate cut by the US Federal Reserve last month, the RBA has maintained its restrictive monetary polic...