Hunter Home Loans

The sun is out – and so are the buyers! Spring is traditionally a peak period for property, and there’s a good reason why spring 2024 is shaping up to be a bumper season. Here’s how to prepare if you’re planning to buy in the weeks ahead. 🌸 🏡 🌼

Property market set to blossom this spring - Hunter Home loans ​ The sun is out – and so are the buyers! Spring is traditionally a peak period for property, and there’s a good reason why spring 2024 is shaping up to be a bumper season. Here’s how to prepare if you’re planning to buy in the weeks ahead. At last! It’s time to pack away the

🚙 What are the most popular cars to buy right now? 🚙⁣
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🛻 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.⁣
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🚗 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).⁣
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🔋 Almost one-in-four cars sold in May was either an electric vehicle (8.1% of sales) or hybrid vehicle (15.8%)⁣
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Itching for a new car but not quite sure how to fund the purchase? ⁣
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Call us today to discuss your vehicle finance options. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🗞📰 𝗛𝗼𝘄 𝘁𝗼 𝗯𝘂𝘆 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝘂𝘀𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗵𝗼𝗺𝗲’𝘀 𝗲𝗾𝘂𝗶𝘁𝘆 📰🗞⁣⁣⁣
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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. 👀⁣⁣⁣
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https://hunterhomeloans.com.au/2024/08/14/how-to-buy-an-investment-property-using-your-homes-equity/

🚩 Five red flags home buyers might want to avoid 🚩⁣
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Looking to buy a home? 🏡⁣
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Here are five red flags that might catch a lender's attention and see you knocked back from your next home loan application. 😤⁣
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💻 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.⁣
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Call us for help on getting your next home loan application across the line. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

👍 Are you paying a fair price for your new home? 👍⁣
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Housing affordability is tough enough as it is right now. 🙃⁣
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Who wants to then overpay for a home? 😅⁣
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Research is one way to try and figure out if you’re paying market value. 🤓⁣
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Websites like Domain and realestate.com.au show median values for individual suburbs - and also have recent sales you can compare against.⁣
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You can then drill down further by looking at:⁣
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🏡 The size of the block⁣
🛁 The number of bedrooms/bathrooms⁣
🏚 The condition of a home⁣
🚗 Extras like off-street parking that add convenience plus value.⁣
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Talk to us about loan pre-approval too. It shows you’re a serious buyer during price negotiations. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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? - Hunter Home loans ​ 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. One of the first things a lender will look at when you apply

📉 How the cash rate impacts your home loan 📈⁣
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Why do RBA rate decisions attract so much attention? 🚨⁣
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Because they shape the home loan rates we pay. ⁣
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Think of it this way. 🧐⁣
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The cash rate is the interest rate banks pay when they borrow from each other, something they do surprisingly often, sometimes daily.⁣
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Banks can also borrow funds from the RBA at a little above the cash rate. ⁣
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If a lender has to pay the cash rate to borrow money, it’s a no-brainer they’re going to charge a higher rate to consumers. 🙃⁣
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It’s how banks make money.⁣
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That’s why if the cash rate rises, your variable home loan rate usually rises too. 📈⁣
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Like to know if you’re paying a competitive rate? Call us today for a a loan health check. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🏡 Know anyone who'd like to buy their first home sooner? 🏡⁣
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With national property prices surging almost 9% over the past year (CoreLogic), saving a 20% deposit is like chasing moving goal posts. 🏉⁣
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But the federal government's low deposit scheme has now helped over 150,000 first home buyers get a foot into the property market sooner. 😮⁣
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Known as the Home Guarantee Scheme, it lets you buy with just a 5% deposit and not pay lenders mortgage insurance. 🤙⁣
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It’s already helped 156,000 first home buyers into a place of their own.⁣
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And it could help you too. 🤜 🤛⁣
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But places are limited - and they've just opened up a new allocation of spots for this financial year.⁣
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Give us a call today to find out if you’re eligible. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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 - Hunter Home loans ​ 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. Investors have been a driving force in the property market lately, with lending to investors up almos...

📈 Why are rates on investment loans often higher? 📈⁣
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Investors are piling back into the property market, according to latest ABS figures. ⁣
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If you've recently thought about buying an investment property, it can come as a surprise to find investment loans usually come with higher interest rates than owner occupier loans. 🙃⁣
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That’s because banks often see investment lending as higher risk. 😤⁣
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But there are ways to try and trim the cost. ⁣
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Having a bigger deposit could see you qualify for a lower rate. Investment loans can also be eligible for certain tax benefits. 👍⁣
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Get in touch today and we'll help line you up with an investment loan with a competitive rate. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

If you are looking for property and would like some assistance in the process, buyer’s agent, Kylie Frearson and her team at Property Solutions 101 - Newcastle Buyer's Agentysolutions101 are fantastic to deal with and very insightful within the property market.

Kylie has provided us with details of how the property market has recently performed.

At Property Solutions 101, they don’t just show you how the property market has performed. They will show you what we have achieved for their clients.

In 2017, Property Solutions Purchased:
• Properties Purchased: 45
• Total Price Paid: $33,329,450

Current Rp Data desktop valuations in 2024:
• Current Rp Data desktop valuations: $51,880,000

Total Growth:
• Total Growth = Current Value - Total Price Paid
• Total Growth = $51,880,000 - $33,329,45
• Total Growth = $18,550,550

The properties purchased by Property Solutions 101 in 2017 have increased in value by approximately 55.64%

This means that, on average, properties purchased by Property Solutions 101 have appreciated by $412,234.44 (as calculated earlier) and collectively, the portfolio has seen a total growth of $18,550,550.

Would you like to know Newcastle’s best performing suburbs? Give Kylie and her team a call.

Property Solutions 101 - Newcastle Buyer's Agent Newcastle Buyer's Agent - empowering our clients with local knowledge, sharp negotiation skills and

🤔 How much could you save by refinancing? 🤔⁣
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With cost of living pressures biting, refinancing could be a way to help you save. 💰⁣
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The RBA reports the average variable rate is currently 6.39%.⁣
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And that's just the average - many mortgage holders are paying much more and don't even know it. 🙈⁣
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Meanwhile, we're seeing some lenders offering variable rates between the 6.1% to 6.2% mark.⁣
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So, for example, if you refinanced a $600,000 home loan on a 6.69% variable interest rate down to 6.19% (30-year term, principal and interest), you could save almost $200 per month.⁣
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Want to find out if you could save on interest by refinancing? 😁⁣
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Talk to us to find out if you’re eligible – and if so, how much you could save. 👇⁣
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To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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 - Hunter Home loans ​ 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. Sure, the Kiwis have the All Blacks, the glaciers and landscapes fit for a Hobbit. But Aus...

💪 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, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🤔 What happens if you buy before you sell? 🤔

Buy first? Or sell first? 🤨

It’s the classic conundrum for upgraders. 🙃

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.

A bridging loan can span the funding gap while you wait for your current home to sell. 😎

The interest rates can be higher than a standard home loan. 😒

But on the plus side, bridging loans are usually interest-only, which can help make the cost more manageable. 🙂

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. 👇

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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? - Hunter Home loans ​ 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. No one enjoys rejection. But despite this, there are ple...

🤓 Why three-in-four Aussies turn to a broker for home loan help 🤓

Latest industry figures show that 74.1% of homebuyers turn to a broker for home loan help (and that figure has been steadily increasing!). 📈

Here are three ways you could benefit from the support of a mortgage broker with your next property purchase.

✅ 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.

✅ 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.

✅ 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.

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

👵 The Bank of Nan and Pop is on the rise 👵

Nan and Pop have always been good for birthday money. 🎂

But they’re taking it to the next level now the grandkids are all grown up. 😎

Compare the Market says almost 1-in-10 Aussie grandparents are now helping their grandkids purchase property. 😮

It’s great if Nan and Pop can afford to offer a helping hand. 🤝

But even if you receive a cash gift from a family member, lenders may still want to see evidence of regular saving. 🤨

It gives the bank confidence you can manage a mortgage. 👍

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. 👇

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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? By - Hunter Home loans ​ 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....

🌳 Is a bush or bay change on your bucket list? 🏝

A surging number of city-slickers are heading to the bush or bay, latest CommBank research shows.

Metro to regional relocations are now 20% higher than pre-Covid. 😮

Part of the appeal is affordability.

National regional home prices are $626,000 on average, compared to $864,000 across state capitals. 🤔

That’s a potential saving of $238,000. 👍

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?).

So if you’re hankering for a home among the gum trees, talk to us about a tree or sea change home loan. 👇

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🤔 Could BNPL be a roadblock for your home purchase? 🤔

Two-in-five Australians now use buy now pay later (BNPL) services, according to Finder.

But if you’re a prospective home buyer it might be worth going easy on BNPL. 🙃

Owing money on BNPL could see a lender scale back your borrowing power. 😮

You may even be asked to close BNPL accounts as part of getting loan approval.

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. 👇

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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 - Hunter Home loans ​ 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. Home ownership has long been the great

🏔 One-in-three of borrowers are still to face the mortgage cliff 🏔

It’s not over just yet...

Over one-third of the low-rate fixed loans from 2022 will roll over to variable rates this year, says the RBA. 😮

If that sounds like you, it might be time to start planning ahead.

✅ 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.

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🤨 What assistance is available for first home buyers? 🤨

Saving up to buy your first home is no mean feat. 😅

Fortunately, there’s a few schemes and options that can help you get your foot in the door. 🥾

Pick from:

✅ 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^.

Even better, you can mix and match the different schemes above to help fast-track your first home purchase.

Talk to us to find out about the first home buyer schemes you could tap into. 👇

To find out more, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

Property prices are expected to keep climbing higher through to mid-2025 – though not everywhere, according to a new report. We reveal where prices are tipped to go up, and where prices are expected to fall. 🏡

Will home prices keep rising over the next year? - Hunter Home loans ​ Property prices are expected to keep climbing higher through to mid-2025 – though not everywhere, according to a new report. We reveal where prices are tipped to go up, and where prices are expected to fall. What a crazy financial year it’s been for property prices. Despite a cost of living crun...

⏳ 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, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🏘 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, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

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 - Hunter Home loans ​ Put the party pies on ice and postpone those rate-cut celebrations for a while yet. 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. June saw the Reserve Bank of Australia (RBA) keep ...

🤨 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, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]

🔨 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, DM or contact the Hunter Home Loans Team on:

☎ – 02 4978 8600
💻 – [email protected]