Michael Mobbs Loan Market

Whether you’re saving for your first home, next home, brand new car or something else, creating a budget that you can stick to can go a long way towards helping you achieve your goals.

Our budget planner calculator can help you get started on your budgeting journey. https://loom.ly/74YkehE

Big lenders tend to have the most number of clients and have been around for a long time so that means that they must be safer right? Wrong.

All lenders big or small are held to the same regulations, meaning there is very little difference in the safety of your money with one compared to another.

It’s no secret that the world of house hunting can be competitive. So what can you do to help put your best foot forward when it comes to making an offer?

We go into more detail about how to utilise these tactics as well as determining just how much income you need to purchase your dream home.

https://loom.ly/AqSm_X8

When it comes to your interest rate, there’s typically the choice to get fixed, variable or split (combining both fixed and variable). As your broker, we can help you choose the loan that works for you.

Loan Market data has revealed that the number of investment loans lodged in the 12 months up to April 2024 has increased by 16%.

This adjustment in statistics could be for a number of reasons including a recent plateau of the official cash rate and a decline of inflation rates (according to the Australian Bureau of Statistics).

If this increase has you curious about whether or not now could be the right time for you to purchase an investment property, we’re here to help.

Loan Market data has revealed an 8.04% increase to the number of loans lodged between the 12 months to April 2023 and the 12 months to April 2024.

November 2023 was the last time we saw an increase to the official cash rate in Australia. Additionally, many economists believe rates have hit their peak.

While we don’t know for sure that this will be the case, it is encouraging news for those looking to purchase property and is likely to have contributed to this statistic.

Can brokers suggest a loan specifically to get themselves a higher commission? No.

In fact, brokers are legally bound by the best interest duty to ensure they only suggest loans that are right for you and your situation.

Whether you’re after a new family vehicle, funds for renovations or are looking to take your business to the next level, as your broker, we can help you get there.

Whether you’re looking for the perfect vehicle to accommodate your growing family or take that dream road trip, we can help you secure the finance to get there.

The 2024/2025 federal budget was revealed last night by Federal Treasurer Jim Chalmers - how does it affect you?

Find out what was announced for housing, budgeting and small businesses. https://loom.ly/ZQEJu9s

If you’re looking to invest in property, you may be debating with yourself: is an apartment or a house a better investment?

The truth is, there is no concrete answer and it depends on a number of circumstances including: purchase price, capital growth, rental yield, buyer and tenant appeal and renovation potential.

We go into more detail about what to consider when deciding between purchasing a house and an apartment. https://loom.ly/hblMu-k

Today we want to say thanks. Thanks to mothers, aunties, grandmas and caregivers.

Happy Mother's Day.

If you’ve ever engaged in conversation about property investment, you’ve likely heard the terms ‘capital growth’ and ‘rental yield’. But what do they mean and is it possible to have the best of both worlds?

We take a deeper look at capital growth versus rental yield. https://loom.ly/WtvHrH4

Despite the cash rate holding at the highest it has been in years, we are seeing more property investors. As buyers grapple with affordability, we’re finding some areas are seeing a large number of interstate investors.

We have a look at those areas: https://loom.ly/go9DmDo

Did you know that there’s more to prepare for financially when it comes to buying a house than just the cost of the property?

It’s important to be aware of some of the other costs you may encounter on your home ownership journey. As your broker, I am your dedicated guide throughout the process, ensuring you have a full understanding of any processes and costs along the way.

Loan Market data has revealed an increase to the number of investment loans lodged in 2024.

What’s behind this? It could be confidence that the cash rate has hit its peak for this cycle, resulting in steady interest rates. Also, median house prices around the nation have continued to grow, potentially returning healthy investments.

Whether your home renovations look like a full backyard transformation complete with a pool or you’re just wanting to put new tiles in the bathroom, we can help you secure the finance to get there.

Data from CoreLogic has revealed that time on market has increased for most capital cities and across Australia overall between January 2022 and January 2024.

We will remember them.

If you’re considering entering the world of property investment for the first time or are looking to expand your portfolio, we can help secure the finance to get you there.

We're in business to help people achieve their property and financial dreams 🏡

According to the Federal Chamber of Automotive Industries, battery electric vehicles made up 9.6% of vehicle sales in February 2024. This is up from 6.8% the year before.

At the same time, the federal government has made progress on its plans to introduce a New Vehicle Efficiency Standard (NVES).

These changes aim to see a 61% reduction in average new car emissions from 2024 to 2029.

https://loom.ly/iZMbc4U

If you’re interested in finding ways that could make your debt more manageable, consolidation could be worth considering. We can evaluate your situation to determine if it is right for you.