Wispy

Know anyone who wants to buy their first home? A new report confirms that low deposit schemes are getting younger buyers into a place of their own sooner.

One-in-three first home buyers use guarantee schemes - Wispy Finance Know anyone who wants to buy their first home? A new report confirms that low deposit schemes are getting younger buyers into a place of their own sooner. First home buyers are ignoring headlines warning that it can take years to save a deposit. Instead, they’re flocking to guarantee schemes that ...

🛻 Yank tanks vs the traditional Aussie ute 🤔⁣
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There's no denying we've seen an influx of oversized American utes on Aussie roads recently, such as the RAM 1500 and Chevrolet’s Silverado. 🛻⁣
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The RAM 1500 Express has a whopping maximum braked towing capacity of 4,500kg. 🛥⁣
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That's 1,000kg more than the utes Aussies traditionally love, such as the Toyota HiLux and Ford Ranger (still the two top-selling vehicles in Australia). 😮⁣
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But is it overkill? 🤔⁣
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Well, we're not here to judge! We're simply here to help you get finance. 🤝⁣
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So whether you need finance for a RAM, Chevy, Ford, Toyota - or on the other side of the spectrum, an EV Tesla - we can help you source finance for it. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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🤝 Aussies flock to mortgage brokers for a helping hand 🤝⁣
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An avalanche of rate hikes has supersized home loan repayments. 🏡⁣
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But smart homeowners aren’t panicking - they’re reaching out to professionals for expert help. 😎⁣
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A recent MFAA survey found 95% of mortgage brokers are meeting with homeowners who are seeing a broker for the first time. ⁣
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And they’re being rewarded with valuable savings 👇⁣
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✅ 88% of brokers have successfully secured a rate discount for their customers this year.⁣
✅ 81% have helped their customers refinance to a new lender.⁣
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If you’re struggling with mortgage repayments, you don’t have to go it alone. 😀⁣
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Skip the stress, and let us do the hard yards for you. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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National property prices have soared almost 7% this year alone. With the upswing predicted to continue, this week we unpack the one big factor driving housing values up 🎈

The one big factor pushing house prices up - Wispy Finance Property prices have soared almost 7% this year alone. With the upswing predicted to continue, we unpack what’s driving national housing values higher – and why it could pay to get into the market sooner. Another month, another round of price upticks. September marked the eighth consecutive mont...

🌘 Are you in the dark about your fixed rate home loan? 🌘⁣
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The next 18 months will see one million borrowers come off a super-low fixed rate. 😮⁣
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Crazy thing is, one-in-10 people don’t know when their fixed rate will end*. 😅⁣
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Why does that matter? 🤔⁣
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Because skyrocketing rates could supersize your loan repayments by $1,677 each month (on an average home loan of $580,247) once a fixed⁣
rate ends.⁣
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But forewarned is forearmed.⁣
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Call us today to know for sure when your fixed rate will end, and we can help illuminate a path ahead for you.⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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* Finder survey⁣
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🤿 Property investors are diving headfirst back into the market 🤿⁣
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After taking a bit of a breather, investors are buying up big again. 📈⁣
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Lending to property investors totalled close to $9 billion in June alone* - that's up 97% from a year prior.⁣
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Why the flurry of investor interest?⁣
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✅ Property values are rising**⁣
✅ Vacancy rates are wafer thin – just 1.3% nationally ⁣
✅ Capital city rents are up close to 20% over the last year***.⁣
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It’s a combo many investors can’t seem to resist.⁣
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If you’re thinking about taking the plunge and buying a rental place, you may not need a cash deposit. 🤔⁣
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Your home equity could help you become an investor - and you could be surprised at what your home is worth. 😮⁣
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Call us today to know your borrowing power, and take the first steps to becoming an investor yourself. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*ABS, **CoreLogic & SQM research⁣
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Apartments stand out as an affordable choice when it comes to cracking the property market, not to mention downsizing. But a looming shortage may soon push unit values higher. 📈⁣⁣⁣⁣⁣
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Flat chat: why units could soon become hot property - Wispy Finance Apartments stand out as an affordable choice when it comes to cracking the property market, not to mention downsizing. But a looming shortage may soon push unit values higher. For many of us, buying a house on its own block of land is the ‘great Australian dream’. While plenty of people achieve ...

🤔 Could opting for a unit be your way into the property market? 🤔⁣⁣⁣⁣
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Saving for a deposit and finding an affordable house while trying to escape renting... The struggle is real. 😞⁣⁣⁣⁣
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But changing your wish list from house to unit may help you get your foot in the door sooner. 👞⁣⁣⁣⁣
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The national average price of a unit is 30% cheaper than the average Australian house price of $725,000.⁣⁣⁣⁣
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With a lower price comes a lower deposit which makes it easier to get in the game. 👍⁣⁣⁣⁣
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And while many of us would prefer a house, buying a unit can be a great first stepping stone to that ultimate goal. 🥅⁣⁣⁣⁣
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So if you’re looking to get off the renting merry-go-round and into your own home, give us a call today. 📞⁣⁣⁣⁣
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We can clue you in on all the government incentives to fast-track your property purchase and make savings. 🤑⁣⁣⁣⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*realestate.com.au ⁣⁣⁣⁣
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🌸 The spring selling property season is upon us! 🌸⁣
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It's time to get your spring time auction game on 🔨⁣
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Spring sees plenty of homes sold under the hammer, which means now is the time to get in touch with us to make sure you're auction ready. 🤝⁣
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We can help you with loan pre-approval, which helps you set a buying budget and bid with confidence. 😎⁣
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It also means you don't have to scramble to arrange finance after the hammer falls. 🔨⁣
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Even better, loan pre-approval usually lasts for 3-6 months, so you’re good to go for the whole of spring (and possibly summer!). ☀⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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Does pre-approval mean you’re putting the cart before the horse? Definitely not! Here are three ways pre-approval can help you get ahead of the competition. 🏇

3 ways pre-approval can give buyers an edge - Wispy Finance There’s a lot to be said for having your home loan pre-approved. But does pre-approval mean you’re putting the cart before the horse? Definitely not. Here are three ways pre-approval can help you get ahead of the competition. Here’s a handy tip: you don’t have to wait until you’ve found a ...

💸 Refinancing takes off as it hits record levels 💸⁣⁣⁣⁣⁣
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Between March and June we've seen some seriously impressive mortgage refinancing numbers. 📈⁣⁣⁣⁣⁣
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In fact, two of those months (March & May) were the biggest on record. 🥇⁣⁣⁣⁣⁣
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Recently, certain lenders reduced serviceability buffers for specific refinancers who don’t meet the standard serviceability test. ⁣⁣⁣⁣⁣
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And this is believed to be driving the record increase. ⁣⁣⁣⁣⁣
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With these changes, more people may be eligible to escape their mortgage prison. ⁣⁣⁣⁣⁣
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So if your mortgage has you feeling the crunch, chat with us to see if you’re eligible to refinance and save. 🤑⁣⁣⁣⁣⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*ABS⁣⁣⁣⁣⁣
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🐈‍⬛ Sneaky rate hikes - is your lender behind them? 🐈‍⬛⁣
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Home loan borrowers beware: the cash rate may be on hold but that hasn’t stopped behind-the-scenes rate hikes. 😮⁣
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And some of the nation’s biggest banks are behind the sneaky rate rises. 🏦⁣
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So what can you do? 🤔⁣
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✅ Get in touch with your lender⁣
✅ Know for sure the rate you’re paying⁣
✅ Ask for a discount.⁣
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Even a small rate rise can add hundreds of extra dollars each year to your repayments. 💰⁣
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But you don’t just have to wear a higher rate. ⛔️⁣
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It is possible to pounce on a better deal and give sneaky rate hikes the flick. 👍⁣
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Get in touch to know if your lender is raising rates behind your back - and how you can save. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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Australia’s housing market is making a bigger comeback than Barbie. The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March. Here’s why prices are climbing higher. 📈

Property market climbs towards new peak - Wispy Finance The property market has thumbed its nose at higher interest rates, with values rising almost 5% since March. Here’s why national housing prices are climbing higher. Australia’s housing market is making a bigger comeback than Barbie. Despite interest rates rising 4% in a year and a cost of living...

🏘 Thinking of building a granny flat out the back? 🏘⁣
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Season 19 of The Block is breathing new life into an old favourite. 🤔⁣
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Yes, granny flats are making a comeback. 🙌⁣
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Is it a genius plan or a blockhead of an idea? 😅⁣
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Here’s what to weigh up. ⚖⁣
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✅ Council views around granny flats differ widely - some love ‘em, some loathe ‘em. Know the rules.⁣
✅ Renting out a granny flat can make part of your home subject to capital gains tax.⁣
✅ Draw up a realistic budget for a granny flat. And importantly, consider how you’ll fund it.⁣
✅ A home loan top-up, a construction loan, or a personal loan are all options to add a granny flat to your backyard.⁣
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Give us a call to discover which option gives you (and granny) the best deal. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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🥊 How home owners are fighting higher rates 🥊⁣
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After 12 gruelling rounds of rate hikes, home owners are fighting back. 🤺⁣
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Research* reveals one-in-two Aussies are strapping on their gloves and delivering a solid right⁣
hook to high interest rates.⁣
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Some of the strategies home owners are taking include:⁣
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✅ Asking their current lender for a discount (and being prepared to walk away if it's not given).⁣
✅ Refinancing to a lower-rate loan with another lender.⁣
✅ Tapping into redraw or offset funds they saved up when rates were lower.⁣
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If you need help delivering a knock-out blow to rising interest rates, get in touch today. 😁⁣
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We're in your corner - not the bank's! 👍⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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* Canstar⁣
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No change to the cash rate again this month, but lenders’ mortgage rates have been jumping around more than a bunch of toddlers at a Wiggles concert. We reveal the current average rates to see how your loan compares. 🍎🍏

How does your home loan compare? - Wispy Finance No change to the cash rate again this month, but lenders’ mortgage rates have been jumping around more than a bunch of toddlers at a Wiggles concert. We reveal the current average rates to see how your loan compares. Home owners are celebrating the official cash rate staying on hold for several mo...

🏡 It’s shaping up as a sweet spring selling season 🌸⁣
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Homebuyers and investors this spring are set to be like a kid in a candy store - spoiled for choice. 🍭⁣
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New listings bucked the usual mid-winter slump and are up 13.2% this year*, driven mostly by a 17.9% rise across the capital cities. 📈⁣
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It’s great news for buyers, who now have more choice - especially as we've now officially hit spring selling season. 🌺⁣
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The catch? 🎣⁣
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The number of homes listed for sale is still down on normal levels. ⬇⁣
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So buyers will need to act fast and have their finance pre-approved. 👍⁣
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And that's where we can help out. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*CoreLogic⁣
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👯♀ Buying with a bestie - how to keep it sweet 👯♀

Friends looking to buy a first home together can now benefit from the First Home Guarantee.

It lets you join forces with a friend to buy with just a 5% deposit (and no lenders' mortgage insurance!).

Teaming up with a friend can boost your borrowing power, but mates and money can be a tricky mix.

So here are a few steps to help keep things sweet:

✅ Only buy with someone you completely trust
✅ Work out if everything will be split evenly or if one person will have a bigger share
✅ Consider a written agreement that sets out how co-owning will work.

Also, sharing a home doesn’t have to mean sharing a loan. There are a variety of ways for co-owners to set up their finances. 😁

We can explain the options available to help you get into the market sooner by buying with a buddy. 👇

To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]

Want to crack the market sooner? First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average.

Low deposit first home buyers now have $82,000 in equity - Wispy Finance First home buyers who bought into the market using the federal government’s 5% deposit scheme have racked up $82,000 in home equity on average, new data shows. It’s been three years since the First Home Loan Deposit Scheme was launched, and while it’s known today as the Home Guarantee Scheme (...

🏡 Is bigger always better? Not when it comes to a more manageable home 🏡 ⁣
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A recent study revealed that 26% of surveyed Australians would consider a smaller home to avoid a bigger purchase price and maintenance costs.⁣
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And 19% would prefer a smaller outdoor area to reclaim their weekend and avoid gruelling yard work. 🏡⁣
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Not only could a smaller home offer lower maintenance and a reduced price. It may speed up your home ownership journey. ⁣
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A lower purchase price can also increase your chances for government scheme eligibility by staying within price caps.⁣
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The First Home Guarantee, for example, offers loans with a super low deposit of 5% and no lenders' mortgage insurance. This can make a big difference to those trying to crack the market.⁣
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But spots are strictly limited so get in touch today. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*ING⁣
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👨‍👧‍👦 The 2% deposit Family Home Guarantee is now available to legal guardians 👨‍👧‍👦
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Great news! The federal government has expanded the eligibility criteria for the Family Home Guarantee. 🏠⁣
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Not only are single natural and adoptive parents eligible, but legal guardians are now too. 😀⁣
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That means a broader range of single parental figures could be eligible to take advantage of the low 2% deposit and no LMI home loan scheme. 🤯⁣
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This could fast-track your road to home ownership and save thousands on LMI! ⁣
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But get in quick, because spaces are limited. ⏳⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know.

Help to Buy Scheme set to kick off in 2024 - Wispy Finance The highly anticipated Help to Buy Scheme will kick off next year, giving more Aussies a chance to score their dream home. Today we’ll unpack how the new federal government scheme will work, who it’ll benefit, and the fine print you need to know. A key election promise of the Albanese government...

🚗 Could the Tesla Y overtake the nation's favourite utes to be the top-selling car? 🤨⁣
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More Australians are plugging into the Tesla model Y EV, with sales booming to 3178 in May.⁣
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This now puts it in 3rd place, only pipped by the nation’s two favourite utes: the Toyota Hilux (5,772) and Ford Ranger (4,110). ⁣
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So whether you're looking at going electric, or need a big ute for work and/or play, get in touch today. 😁⁣
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We can help you find the right type of car loan to suit your individual needs. 🚙 💨⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*FCAI⁣
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💳 Do you make purchases using a Buy Now Pay Later service? 💳⁣
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There's a law change afoot, which will see BNPL services regulated under the Credit Act. 📃⁣
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BNPL companies will also have to determine that products are suitable for their users under responsible lending obligations. 👨💼⁣
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And not without good reason. 🤔⁣
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According to a 2022 Australian report*, a whopping 73% of financial advisors said clients had gone without or cut back on essentials in order to service their BNPL debt. 😟⁣
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And you may not know this, but using BNPL services can negatively affect your borrowing capacity and serviceability when applying for a loan. 🏠⁣
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So if you're thinking about buying a home, give us a call today and we can help you go through your finances to give you a better chance of mortgage application success. 📲⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*Good Shepherd⁣
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An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help. 🤝⁣

More Aussies turn to mortgage brokers for a hand managing hikes - Wispy Finance An avalanche of rate hikes over the past 18 months has supersized home loan repayments. But savvy homeowners aren’t panicking. In fact, more mortgage holders than ever before are reaching out to brokers for expert help. A recent survey by the Mortgage & Finance Association of Australia (MFAA) show...

🏡 Would you look slightly further afield for your next property? 🏡⁣
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It’s no secret that property prices are a bit steep, particularly in certain exclusive neighbourhoods.⁣
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But some of the below suburbs have median prices up to 200% cheaper than their nearby pricy neighbours*. 🤯⁣
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🏠 Sydney - Lakemba: median price of $1,045,000, compared to $1,837,500 in Strathfield South.⁣
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🏠 Melbourne - Mill Park: median price of $770,000, compared to $1,850,000 in Plenty.⁣
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🏠 Brisbane - Capalaba: median price of $750,000, compared to $2,500,000 in Chandler. ⁣
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🏠 Adelaide - Dover Gardens: median price of $673,500, compared to $1,173,000 in Seacliff.⁣
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🏠 Perth - Stratton: median price of $382,500, compared to $965,000 in Herne Hill. ⁣
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🏠 Hobart - Gagebrook: median price of $390,000, compared to $885,000 in Tea Tree.⁣
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🏠 Canberra - Scullin: median price of $825,000, compared to $1,292,500 in Weetangera.⁣
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Looking to expand your property portfolio? Or just getting started on your property investment journey? 🤔⁣
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Get in touch today and we'll help you explore your loan options and help you calculate your borrowing power. ⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*Realestate.com ⁣
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💰 Got an SMSF loan? Refinancing could save you thousands 💰⁣
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Just like with home loans, refinancing an SMSF loan to a better interest rate could save you thousands of dollars in repayments. ⁣
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But SMSF loans can be tricky. They are more complex than a standard home loan and can come with fines if applications aren’t compliant. ⁣
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But an experienced broker, just like us, can help you explore your options. 👇⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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The official cash rate may be in a holding pattern, but that hasn’t stopped some lenders from lifting their home loan rates. We reveal which banks have been sneakily hiking variable rates, and what home owners can do to fight back. 🤺⁣

Sneaky rate hikes – is your lender behind them? - Wispy Finance The Reserve Bank (RBA) may have kept the cash rate on hold but that hasn’t stopped some lenders from hiking their variable home loan rates. Here’s how borrowers are fighting back. Home owners may be celebrating two months of the RBA cash rate staying on hold. But don’t pop the champagne cork j...

🚛 Is your small business in the market to invest in new equipment or assets? 🚛⁣
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Are you in the market to invest in new equipment or assets for your small business? ⁣
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Well, you might be in luck, because it was announced in the 2023 Federal Budget that the instant asset write-off threshold is increasing to $20,000. 💻⁣
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Small businesses, with an aggregated turnover of less than $10 million, will be eligible for the scheme.⁣
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Eligible assets installed or first used by 1 July 2023 to 30 June 2024 that fall within the $20,000 threshold can be immediately deducted.⁣
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If you need help accessing funds to make a purchase for your small business, get in touch today. ⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
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*ATO⁣
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🤔 Has it been ten years since you last rode the property market wave? 🤔⁣
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Or perhaps you're a permanent resident looking to crack the market?⁣
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If so, you might be eligible for one of three federal government schemes that can help you buy a home with a smaller deposit (2-5%) while not paying lenders' mortgage insurance.⁣
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Effective from 1 July 2023, all three Home Guarantee Schemes will be open to expanded to permanent residents, or Australians who haven’t owned a property in Australia in the last ten years. 🤯⁣
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This can help those who’ve experienced hard times or relationship changes to get back into the market. 🏠⁣
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But get in touch with us quick because spaces for the schemes are strictly limited. ⏳⁣
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To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]
⁣

The RBA has kept rates on hold for a second consecutive month – does this mean the tide is finally turning? Or is there one last rate rise wave to come? 🌊

Has the tide turned? What the RBA rate pause means for homeowners - Wispy Finance Mortgage holders rejoice – the Reserve Bank of Australia (RBA) kept the cash rate on hold in August for the second month in a row. So have we finally reached calmer waters? Or is there one last rate rise wave headed our way? In what many will see as better news than a Matildas’ World...

🏠 Is the property market starting to stabilise? The data looks promising 🏠⁣
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With fewer listings, rising interest rates, and inflation, home-buying plans have taken a hit for many. ⁣
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But Westpac economists have stated that Australia’s housing correction is mostly over, predicting house prices to increase by 5% in 2024. ⁣
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Why is this good news if you’re looking to buy? You’ll have more options to choose from as owners start to (hopefully!) list again. 🏘⁣
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And with interest rates set to drop, getting pre-approved finance in place could have you primed to pounce when the perfect property arises. 🐈‍⬛⁣

⁣To find out more, DM us or contact Wispy Finance on:

☎ – 02 8859 8969
💻 – [email protected]⁣
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*Westpac⁣
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