Aussie Finance and Home Loans-Melbourne

Celebrating Janai Purnima and Rakhsya Bandhan: A festival of sacred thread and bond!
Let us embrace the essence of purity, devotion, and discipline.

May this auspicious occasion fill your life with joy, prosperity, and good health.

🤔 What happens if you buy before you sell? 🤔⁣
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Buy first? Or sell first? 🤨⁣
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It’s the classic conundrum for upgraders. 🙃⁣
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Thing is, you don’t have to wait for your old place to sell before buying - especially if the home of your dreams comes onto the market.⁣
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A bridging loan can span the funding gap while you wait for your current home to sell. 😎⁣
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The interest rates can be higher than a standard home loan. 😒⁣
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But on the plus side, bridging loans are usually interest-only, which can help make the cost more manageable. 🙂⁣
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So if you've bought before you've sold, and are starting to worry, get in touch with us today to find out if a bridging loan is suitable for you. 👇⁣
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To find out more, call 1800 940 570 or DM us.

My latest RateMyAgent review in Pascoe Vale.

Thank you for the lovely review.
https://rma.reviews/kn8r3qafifr5

Want to grow your investment portfolio but have most of your wealth tied up in your family home? You may be able to leverage recent gains in the property market as equity for an investment property. Let’s take a look. 👀

How to buy an investment property using your home’s equity Want to grow your investment portfolio but have most of your wealth tied up in your family home? You may be able to leverage recent gains in the property market as equity for an investment property. Let’s take a look.

💪 Has your borrowing power just received a boost? 💪⁣
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Stage 3 tax cuts kicked in on 1 July. 🙌⁣
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That doesn't just mean you might be paying less tax - it also means you might now be able to borrow more for a home loan. 😮⁣
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For a single person on an income of $100,000, the Stage 3 tax cuts could add an extra $21,000 to their borrowing power, according to a RateCity analysis.⁣
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A couple with a combined annual income of $150,000 could see their borrowing capacity jump by almost $30,000. 🤜 🤛⁣
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It’s an uptick that can see you buy a home sooner, or afford a better place in a better suburb. 🏡⁣
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To find out if you've received a boost to your borrowing capacity, give us a call today. 👇⁣
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To find out more, call 1800 940 570 or DM us.

🤓 Why three-in-four Aussies turn to a broker for home loan help 🤓⁣
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Latest industry figures show that 74.1% of homebuyers turn to a broker for home loan help (and that figure has been steadily increasing!). 📈⁣
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Here are three ways you could benefit from the support of a mortgage broker with your next property purchase.⁣
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✅ We can help guide the way: we can act as a trusted guide to help you navigate the complex process of buying a home with confidence.⁣
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✅ We work in your best interest: we are bound by a Best Interests Duty, which means we are required by law to always put your best interests first.⁣
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✅ We’re here for the long term: You and your home loan are likely to be together for a while. And we’ll be right there with you, providing regular home loan reviews.⁣
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To find out more, call 1800 940 570 or DM us.

Bold visions, bright horizons.
Wishing a Happy International Youth Day to the dreamers and doers of tomorrow!

Wishing everyone a divine Naag Panchami filled with blessings, protection, and spiritual renewal.

My latest RateMyAgent review in South Morang.

Thank you for the lovely review.
https://rma.reviews/wyk00oqjj2v9

Your job can provide more than an income. When it comes to being approved for a home loan, certain roles can enjoy favourable treatment from lenders. Which jobs? Let’s take a look 🩺 👩🚒 👩🏫

Does your job come with home loan perks? Your job can provide more than an income. When it comes to being approved for a home loan, certain roles can enjoy favourable treatment from lenders. So today we’ll look at some of the occupations that can offer up home loan perks.

👵 The Bank of Nan and Pop is on the rise 👵⁣
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Nan and Pop have always been good for birthday money. 🎂⁣
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But they’re taking it to the next level now the grandkids are all grown up. 😎⁣
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Compare the Market says almost 1-in-10 Aussie grandparents are now helping their grandkids purchase property. 😮⁣
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It’s great if Nan and Pop can afford to offer a helping hand. 🤝⁣
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But even if you receive a cash gift from a family member, lenders may still want to see evidence of regular saving. 🤨⁣
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It gives the bank confidence you can manage a mortgage. 👍⁣
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So if you'd like us to help you get home loan ready, get in touch today and we'll run through the ins and outs with you. 👇 ⁣
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To find out more, call 1800 940 570 or DM us.

🌳 Is a bush or bay change on your bucket list? 🏝 ⁣
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A surging number of city-slickers are heading to the bush or bay, latest CommBank research shows. ⁣
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Metro to regional relocations are now 20% higher than pre-Covid. 😮⁣
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Part of the appeal is affordability. ⁣
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National regional home prices are $626,000 on average, compared to $864,000 across state capitals. 🤔⁣
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That’s a potential saving of $238,000. 👍⁣
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That can also translate to a $1300-$1600 difference in home loan repayments each month, depending on the loan term, interest rate and deposit amount (wouldn't that be nice?).⁣
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So if you’re hankering for a home among the gum trees, talk to us about a tree or sea change home loan. 👇⁣
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To find out more, call 1800 940 570 or DM us.

My latest RateMyAgent review in Rockbank.

Thank you for the lovely review.
https://rma.reviews/4i6tnaec2f91

A cost of living crunch is driving a new trend among renters – and it’s changing the wish lists of some property investors. We reveal what’s happening across the rental and investment markets. 🏡⁣

Why multi-bedroom homes could be appealing for investors A cost of living crunch is driving a new trend among renters – and it’s changing the wish lists of some property investors. We reveal what’s happening across the rental and investment markets.

🤔 Could BNPL be a roadblock for your home purchase? 🤔⁣
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Two-in-five Australians now use buy now pay later (BNPL) services, according to Finder. ⁣
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But if you’re a prospective home buyer it might be worth going easy on BNPL. 🙃⁣
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Owing money on BNPL could see a lender scale back your borrowing power. 😮⁣
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You may even be asked to close BNPL accounts as part of getting loan approval. ⁣
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If you're currently house hunting and owe money on one or several BNPL accounts, give us a call and we can help you get your finances home loan ready. 👇⁣
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To find out more, call 1800 940 570 or DM us.

To the friends who make the world feel like home, no matter where we are. Happy International Friendship Day!

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔⁣
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It’s not over just yet...⁣
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Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮⁣
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If that sounds like you, it might be time to start planning ahead.⁣
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✅ Know how your repayments could change: we can explain likely loan repayments after your fixed-rate period ends.⁣
✅ Give your budget an overhaul: cutting back on non-essentials can free up extra cash and help build a buffer.⁣
✅ Skip loyalty tax: many lenders offer attractive rates to new customers. Refinancing could help you save with a lower rate.⁣
✅ Last but not least, talk to us: we can help you prepare for the end of your fixed-rate home loan.⁣
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To find out more, call 1800 940 570 or DM us.

My latest RateMyAgent review in Cranbourne.

Thank you for the lovely review.
https://rma.reviews/uonjicwafy2y

Kiwis hoping to buy a first home in Australia have just scored gold! The popular Aussie 5% deposit home buying scheme has been opened up to visa holders from across the Tasman. 🥇 🇳🇿 🇦🇺 🏡

Low deposit scheme opens up to New Zealander visa holders Kiwis hoping to buy a first home in Australia have just scored gold! The popular Aussie low-deposit home buying scheme has been opened up to visa holders from across the Tasman. Here’s what you need to know.

🤨 What assistance is available for first home buyers? 🤨⁣
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Saving up to buy your first home is no mean feat. 😅⁣
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Fortunately, there’s a few schemes and options that can help you get your foot in the door. 🥾⁣
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Pick from:⁣
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✅ The Home Guarantee Scheme: buy with just a 5% deposit and no LMI.⁣
✅ First Home Owner Grants: worth up to $10,000 in many (but not all) states.⁣
✅ Stamp duty concessions or exemptions: available in most states.⁣
✅ The First Home Super Saver Scheme: grow a deposit in super^.⁣
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Even better, you can mix and match the different schemes above to help fast-track your first home purchase.⁣
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Talk to us to find out about the first home buyer schemes you could tap into. 👇⁣
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To find out more, call 1800 940 570 or DM us.

🚨 Investor alert: rental property claims on the ATO radar 🚨

Landlords, look out! 😮

The Australian Tax Office is warning that rental property claims are under the spotlight this year. 🔦

It follows a review showing 9 out of 10 landlords are getting their tax returns wrong. 😬

So what do you have to watch out for in particular this year? 🤔

Repairs and maintenance costs will be closely reviewed. 🏚

The tax man will also be looking for inflated expenses to offset increased rental income. 🧐

If you think this might be the year to start using a tax agent, get in touch and we'll put you in touch with someone we trust. 👇

To find out more, call 1800 940 570 or DM us.

Scared to apply for a home loan? You’re not alone. Fear of rejection has stopped one in five Aussies from applying for finance over the past year. We explain what’s driving this fear, and how you can boost your chances of getting approved. 🏡⁣⁣

Is fear of rejection holding you back from your life goals? Scared to apply for a home loan? You’re not alone. Fear of rejection has stopped one in five Aussies from applying for finance over the past year. We explain what’s driving this fear, and how you can boost your chances of getting approved.

🤔 What happened to the predicted 2024 rate cuts? 🤔

Interest rates don’t look like heading south any time soon. 🙃

It’s all thanks to inflation, which is sitting stubbornly just above the Reserve Bank’s target range of 2-3%*.

Chances are we won’t see any cash rate cuts for home loans until at least early 2025 (and some pundits are now saying a hike might now come before a cut). 😤

But don’t let that stop you from taking action of your own. 👍

We’re still seeing a big difference in rates across lenders.

Better still, rising property values may mean you’re in a great position to refinance. 👇

To find out more, call 1800 940 570 or DM us.

🧐 What does buying a home ‘subject to finance’ mean? 🧐

Seen a place you love but not sure if you’ll get a home loan? 🤔

Making an offer ‘subject to finance’ can buy valuable breathing space. 👍

It means you could walk away from a purchase with your deposit intact if you can’t land a home loan.

The catch? 🎣

The seller doesn’t have to go along with a sale that’s subject to finance - and there's a reasonable chance they won't if you're buying in a seller's market. 🙃

Another option you can consider is lining up home loan pre-approval before making an offer on a property. 🙌

If you'd like to find out more about pre-approval, call us today. 👇

To find out more, call 1800 940 570 or DM us.

My latest RateMyAgent review in Craigieburn.

Thank you for the lovely review.
https://rma.reviews/huplkceov1oy

As property prices hit record highs across a number of cities, it’s no surprise that new home loan balances are also nudging towards fresh peaks. Today we’ll reveal what the ‘average’ new home loan is in your state, and provide you with some handy tips to help bring down your balance sooner. 🏡

How much could you expect to borrow for a home in 2024? As property prices hit record highs across a number of cities, it’s no surprise that new home loan balances are also nudging towards fresh peaks. Today we’ll reveal what the ‘average’ new home loan is in your state, and provide you with some handy tips to help bring down your balance sooner.

🚙 What are the most popular cars to buy right now? 🚙

🛻 Ford Ranger remained king of the road in May with 5,912 sales, followed closely by the Toyota HiLux (5,702) and Toyota RAV4 (5,517), according to FCAI statistics.

🚗 Toyota was market leader in May with 23,389 sales, followed by Ford (8,806), Mazda (8,002), Kia (7,504) and Hyundai (6,495).

🔋 Almost one-in-four cars sold in May was either an electric vehicle (8.1% of sales) or hybrid vehicle (15.8%)

Itching for a new car but not quite sure how to fund the purchase?

Call us today to discuss your vehicle finance options. 👇

To find out more, call 1800 940 570 or DM us.

🚩 Five red flags home buyers might want to avoid 🚩

Looking to buy a home? 🏡

Here are five red flags that might catch a lender's attention and see you knocked back from your next home loan application. 😤

💻 Job hopping – lenders love stability. Sometimes it's safer to stick with your current job.
💳 Card churning – frequently switching and applying for credit cards can damage your credit score.
🙃 Running late with repayments – this will likely show up on your credit record.
💸 Unpaid debts – no surprise that this won’t go down well with a lender.
📝 Making multiple home loan applications – questions will be asked. Like whether (and why) you’ve been turned down by other banks.

Call us for help on getting your next home loan application across the line. 👇

To find out more, call 1800 940 570 or DM us.

My latest RateMyAgent review in Clyde North.

Thank you for the lovely review.
https://rma.reviews/3147x3k327vt

The new financial year has kicked off with a bang for first home buyers! A whopping 45,000 more places have opened up for them under the Home Guarantee Scheme, as well as 5,000 more spots for single parents. Here’s how it could help you buy a home sooner. 🏡

50,000 low-deposit spots open for first home buyers and single parents The new financial year has kicked off with a bang for first home buyers! A whopping 45,000 more places have opened up for them under the Home Guarantee Scheme, as well as 5,000 more spots for single parents. Here’s how it could help you buy a home sooner.