Matt Spears - Your Finance Broker

Put the party pies on ice and postpone those rate-cut celebrations. The much-touted rate cuts we’ve been waiting for may not arrive until 2025. Here’s why rates could be staying higher for longer, and how to take action yourself. 🏡

Rate cuts? Pencil them in for 2025 Rates haven’t budged since November last year, and with the RBA not due to make another rate call until August, interest rates will remain in a holding pattern for at least two more months.

🪓 Want to chop your home loan rate? 🪓⁣⁣
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RateCity recently found that 80% of people who’ve asked their lender for a rate cut, got one. 👍⁣⁣⁣
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But it’s not that simple. You need to:⁣⁣
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✅ ⁣Know your home loan rate⁣⁣
✅ ⁣Know the rate your bank is offering new customers, and⁣⁣
✅ Arm yourself with rates from other lenders, and be prepared to walk if your lender doesn't want to play ball.⁣⁣
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Sound like too much hard work?⁣⁣
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Well, one solution is to give us a call and we'll help guide you. 👇⁣⁣⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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🔨 Shrinkflation: the hot new renovation trend? 🔨⁣⁣
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Aussies love a good renovation project! (any The Block fans around here?) 😅⁣⁣
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But we don't all have dozens of sponsors to help us fund a reno for a multi-million dollar mansion. ⁣⁣
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Instead, some homeowners are beating high costs by scaling back their plans. 🤨⁣⁣
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Housing Industry Association research* shows affordability and value are becoming key considerations for renovators.⁣⁣
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That’s seeing ‘shrinkflation’ kick in as homeowners opt for smaller but perfectly formed spaces - especially when it comes to costly improvements like bathroom upgrades. 🚽⁣⁣
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What also matters is how you fund your home improvements. 👍⁣⁣
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And that's where we come in. Call us today to discover what financing options you have available to you for your next reno project. 👇⁣⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Fresh air, no bumper-to-bumper traffic and more affordable home prices. There’s plenty of appeal in regional living, including a chance to potentially reduce your home loan. 🏡

Is a tree or sea change on your horizon? Along with a laidback lifestyle and the chance to see Skippy on your way to work, rather than countless sets of traffic lights, a key drawcard of regional living is more affordable housing.

🤔 Is home ownership the key to happiness? 🤔⁣
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Your home isn’t just a roof over your head. It’s also a source of joy! 😁⁣
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A recent survey by Great Southern Bank shows that owning a home has the power to bring extra happiness to our lives.⁣
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It’s like comfort food for your financial well-being. 😅⁣
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Want to boost the feel-good factor?⁣
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Let us help line you up with a home loan that’s right for your needs. 🙌⁣
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Right home. Right loan. Great combo. ✅⁣
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Talk to us to find your ideal mortgage match, and unleash your inner joy. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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🙌 Mortgage brokers have done it again! 🙌⁣
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We’ve just notched up another industry win, setting a new record for market share. 😮⁣
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72% of Aussies now turn to a mortgage broker for help landing a home loan (MFAA stats).⁣
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Makes sense (to us at least!). Because as your broker, our job is to help you:⁣
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✅ Potentially save with a competitive rate⁣
✅ Enjoy better loan features⁣
✅ Buy your home or investment property with confidence knowing a broker is on your side.⁣
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So if you're looking for a home loan specialist, call us today and we'll help you find a loan that suits your needs. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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You might have seen a headline or two about a particular big bank being at war with brokers. Nothing could be further from the truth. Our mission is – and always will be – putting you first. That’s why three in every four borrowers now come to us for help. 🤜 🤛

Why three-in-four Aussies turn to a broker for home loan help That doesn’t mean brokers are at war with any particular bank though, as a few articles stated in the Australian Financial Review over recent weeks (here’s a great non-paywalled response).

🔨 How do construction loans work? 🔨⁣
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Instead of receiving a lump sum from the lender, a construction loan drip feeds funds in line with various stages of the project, including:⁣
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✅ Laying the slab⁣
✅ Erecting the frame⁣
✅ Reaching lock-up⁣
✅ Fitting out your home⁣
✅ Completion of construction.⁣
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This arrangement offers some valuable advantages. 😁⁣
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Loan interest is only calculated on the funds drawn down, not on the total value of the loan. And during the construction period, you’ll generally be asked to make interest-only payments.⁣
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Once your new home or renovation is complete, your construction loan will typically roll into a regular home loan. 🏡⁣
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So if you’re looking to build or renovate, talk to us today about your funding options and we’ll aim to help you get the ball rolling on your construction project sooner. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Do we like to have a little fun around here? You bet! 😜 But we're also super professional too! And we'll work hard for you like we did for Viraf! 😊

🦅 Lending to property investors is soaring once more 🦅⁣
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The value of new investment loans in February 2024 was 21.5% compared to a year ago, according to ABS data. ⁣
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What’s driving investor interest? 🤔⁣
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✅ Vacancy rates at a record low 0.7% (Domain data)⁣
✅ Expectations of a possible rate cut later this year⁣
✅ A jump in listings giving investors more choice (SQM research).⁣
✅ Potential tax savings of negative gearing (seek your accountant/financial planner's advice).⁣
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Ready to become a property investor yourself?⁣
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Talk to us today about the investment loan that matches your needs. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Nan and Pop have always been good for birthday money, but one-in-10 grandparents are taking their generosity to the next level: helping their grandkids buy a first home. 🏡⁣⁣

First home buyers turn to Bank of Nan and Pop But it turns out those small gestures of affection we knew as kids are morphing into something far more valuable than a few sneaky lollies before dinner or a surprise Lego set.

💪 How does your home loan rate shape up? 💪⁣
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Your home loan may have had a red hot rate back in the day. 🙌⁣
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But is it still competitive? 🤔⁣
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One in five borrowers haven’t compared rates since first taking out their loan (Mozo report).⁣
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Keeping on top of your loan rate doesn't need to be difficult though. 🙃⁣
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Talk to us about a home loan review. 🙌⁣
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It lets you know if your loan is still getting a good rate – with all the features and flexibility you need. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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⏳ How long does it really take to get a home loan? ⏳⁣
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As soon as you pay a deposit on a home, the clock is ticking to line up a home loan. ⏰⁣
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Finance (or cash 😅) is required by settlement, or you could cop costly fees and penalties. 😬⁣
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As a rule, try and allow around 4-6 weeks to land a loan. ⁣
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There’s plenty you can do however to help speed up the process:⁣
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✅ Talk to us to know if your finances are home-loan ready⁣
✅ Have the paperwork in place that lenders like to see⁣
✅ Check you’ve completed the loan application accurately⁣
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Ask us about loan pre-approval too. It can be a lot less stressful than applying for a loan after you’ve paid a deposit. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Not sure if you’ll get the thumbs up for a home loan? But you really, really like that house that just popped up? Making an offer ‘subject to finance’ could be the right move. Here’s how it works. 🏡⁣⁣

What you should know before buying ‘subject to finance’ Picture this. You’ve seen a home you’re crazy about, and you don’t want to miss out to another buyer. So, you sign on the dotted line and hand over your deposit.

🤨 Is FOMO, FOBO or FOOP clouding your judgement? 🤨⁣
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Three common mind traps can get between you and your property goals. 🏡⁣
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Fear of Missing Out (FOMO) is the most famous of the trio and can lead to overpaying (and thus, taking on too much debt), as buyers race into the market to buy before prices potentially rise higher. 📈⁣
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Fear of Better Options (FOBO), on the other hand, can see buyers waiting on the sidelines for too long (or indefinitely!) for a better property to come along. ⏰⁣
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Fear of Over Paying (FOOP) can also be a big mental block. But plenty of research can let you know if you’re paying a fair price. 👍⁣
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If you've got doubts about what you can afford to buy, speak to us today and we'll help you assess your borrowing capacity. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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🏡⁣ Home owners now have an extra $71,000 in equity (on average) 🏡⁣⁣
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CoreLogic's home value index has skyrocketed $71,832 since January 2023. 📈⁣
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That could mean a 5-figure jump in your home equity! 🙌⁣
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Want to make your home equity work harder for you? ⁣
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Here are some potential ways you could leverage it:⁣
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🏡 Refinance your home loan to save on interest⁣
🏚 Tap into renovation funds to improve your home’s value⁣
🏘 Buy an investment property without (possibly) dipping into cash savings⁣
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Talk to us today about ways you could unlock your equity and pursue other opportunities. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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If the latest federal government budget is leaving you hungry for perks and savings, you’re not alone. We’ve had a brainstorm and here are four ways you can start working towards your property goals now. 🏡⁣⁣

Not feeling the budget love? 4 ways you could still get ahead Sure, an energy rebate of $300 annually can help take the sting out of electricity bills, though at $75 per quarterly bill, it’s not a huge saving.

🏘 Millennials: Australia’s most active property investors 🏘⁣⁣
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New CommBank data shows Millennials (born 1981 - 1996) accounted for almost half (46%) the bank’s new property investors in 2023. 😮⁣⁣
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Almost 1-in-3 Millennials have purchased an investment property solo, without the help of a partner.⁣⁣
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Plenty are also doing it by ‘rentvesting’ – buying property where they can afford, then renting where they want to live. 🙌⁣⁣
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Ready to become a property investor? 🤔⁣⁣
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Talk to us to know how much you can borrow, and let's try and get you into the market sooner. 👇⁣⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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🚗 Records are being smashed in the new car market 🚗⁣
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Over 105,000 new vehicles were sold in February 2024, an increase of 21% on 2023 (FCAI stats).⁣
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But deciding how to pay for your car can be just as important as the make/model you choose. 🤔⁣
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Dealer finance may seem quick and easy. 🤨⁣
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But applying for car finance before you hit the car yards can provide you with:⁣
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✅ More choice⁣
✅ The potential for more affordable finance⁣
✅ Turbo-charged negotiating power if your car loan is pre-approved.⁣
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Love your car. Love your car loan. 🚙⁣
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Call us today to help get you into a new set of wheels. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Whether you’re rat running your local streets, or have a knack for always picking the fast-moving supermarket queue – everyone loves a good time-saving hack. Well, today we’ll let you in on a scheme that could get you into your first home years – yep years – sooner! 🏡⁣⁣

Low deposit scheme helps over 150,000 families buy sooner It’s certainly not made any easier by national property values soaring higher each month and cost of living challenges.

📈 Offset accounts have hit new highs 📈⁣
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Somehow, it turns out not everyone is scratching for cash right now.⁣
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Many home owners have money stashed away in their home loan offset accounts. 😮⁣
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There’s a record $265 billion tucked into offset accounts around the country, according to APRA quarterly data.⁣
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And it’s seeing borrowers save around $1.4 billion in monthly interest charges (RateCity estimate).⁣
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Trouble is, offsets aren’t suitable for everyone. 🤔⁣
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They don't work with fixed-rate home loans (unless you split it half-half with variable), and they tend to work best if you have big savings.⁣
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Could it be right for you though? Call us today to find out. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Our goal is to make refinancing quick and easy for our clients! Just ask Peter! 👇

🤔 Can you recall your home loan interest rate? 🤔⁣
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Apparently 42% of mortgage holders have no idea what interest rate they’re paying on their home loan (Mozo report). 😅⁣
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And it’s an oversight that can cost you dearly. 😬⁣
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As a guide, the average home loan interest rate for owner-occupiers is currently 6.4%, and 6.3% for new home loans (RBA data).⁣
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How does your loan compare? 🤨⁣
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Call us today to know what you’re currently paying, and whether you could save by switching. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Who doesn’t love a tax cut? Most of us are now only weeks away from saving on our tax bills, with Stage 3 tax cuts to kick in from 1 July. But another key advantage is that the tax cuts could give your borrowing power a nice boost. 💪⁣

Here’s why your borrowing power might soon get a lift The upcoming Stage 3 tax cuts have received plenty of attention – some good, some bad – so we won’t focus on the politics of it today.

🏠 What's the average home loan size where you live? 🏠⁣
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Here’s how the average new home loan shapes up in your neck of the woods (ABS data):⁣
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NSW – $770,000⁣
VIC – $614,000⁣
ACT – $581,000⁣
QLD – $559,000⁣
SA – $530,000⁣
WA – $530,000⁣
TAS – $434,000⁣
NT – $422,000⁣
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Remember, averages don’t paint the full picture. 🎨⁣
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What matters is that you have a loan you can manage.⁣
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Talk to us to know your borrowing power, and let us help you get a loan that suits your budget. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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🙌 Buying your first home in 2024? Here's how to get ready 🙌⁣
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Lenders consider many things when you apply for a first home loan. 🤔⁣
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But one thing they tend to really look at is ‘genuine savings'. 💰⁣
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That means you’ve been steadily tucking cash away - usually for at least 3 months. Bonus points for longer! 😅⁣
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Regular saving shows you could have what it takes to handle a home loan. 💪⁣
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So, don’t delay – draw up a budget, work out what you could possibly save, and start growing savings today! 😁⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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We all love the idea of nabbing a bargain property, but for most home buyers the real issue is whether they’re overvaluing a place – and paying too much in the process. 😅⁣⁣

How to know if you’re paying a fair price Buying a home is an exciting prospect, but it’s perfectly natural to have a big dose of nerves given that you’re likely committing to spending hundreds of thousands of dollars (or millions!).

🏘 Lending to property investors is increasing once again 🏘⁣
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Latest ABS figures show that in December 2023, banks lent over $26 billion in new home loans. And one-third of this figure, a whopping $9.5 billion, was to property investors.⁣
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That equates to 36.2% of all housing loans – the highest market share for property investors since mid-2017. 😮⁣
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What’s driving investor interest? 🤔⁣
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✅ Rent returns as high as 9%, according to Proptrack.⁣
✅ Expectations of more house price growth in 2024, according to CoreLogic and ANZ bank⁣
✅ A wafer-thin vacancy rate of 1.1% nationally (SQM Research)⁣
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If buying an investment property is on your radar in 2024, talk to us today about your options for an investment loan.⁣
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We can help you work out how much equity you may be able to leverage, as well as your overall borrowing capacity. 👇⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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✅ Three home loan goals to consider ticking off in 2024 ✅ ⁣
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Try one or have a go at them all to try and potentially save on your home loan. 👇⁣⁣
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1. Give your home loan a health check. Have peace of mind that your loan is in good shape and continues to match your needs. 🙌⁣ ⁣
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2. Ditch lender loyalty. Perhaps explore what other lenders have to offer. 👀⁣
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3. Check you’re not paying for features you don’t use. Why pay more? 🤔⁣⁣
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Call us today to start ticking off the above checklist and pocket potential savings in 2024. 👍⁣
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To find out more, contact Evoke Capital on:
☎ – 0418 462 196
💻 – [email protected]
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Where you put your car keys, who won the footy premiership three years back, the new prime minister of New Zealand’s name – all very much socially acceptable things to forget. Your home loan rate shouldn’t be on that list. 😅⁣⁣

Can you remember your home loan interest rate? In fact, a new report by Mozo shows that 42% of mortgage holders have no idea what interest rate they’re paying on their home loan.