Faith Finance

Wow, latest CoreLogic data shows that Australian Residential real estate is now $10.7 trillion, which is higher than Super, ASX Stocks and Commercial real estate all combined.

No movement on RBA Cash Rate. Stabilising rates mean more certainty for potential borrowers to made decisions. Will there be any movement on property market?

Really interesting to see Croydon South slowly creeping to become a million dollar suburb, as its median value is sitting at $949,709 in December 2023. On the other hand, blue-chip suburbs like Albert Park is not immune to cyclical decline either.

Data shows that Australia does not have one market, but many markets performing differently. Clear winners for 2023 are Perth, Adelaide and Brisbane, according to PropTrack Home Price Index.

Joe is a long-time established barber. Joe knew his clients’ preferences after decades of service and he always charged his clients fairly. Another haircut salon opened just across the street. It had shiny new fixtures, neon signs, young and attractive personnel AND they were offering haircuts for $15.

Joe watched as traffic poured into the new competitor and wondered how he was going to compete with that. Should he put up a sign, saying “Haircuts $14.99”; what to do, what to do?

After some thought and reflection on his business, with a smile, Joe posted a large sign outside of his shop: “We fix $15 haircuts”. He pointed the sign directly at his competitor’s front door.

Similarly, not all banks/lenders are in the same tier. There are tier-1 major banks, there are tier-2 non-major banks and there are non-bank lenders. Also, not all loan products are created the same. There are cheap products, there are reasonable products and there are great products. They all come with different costs.

Your lending needs should be based on your long-term financial goals, to avoid costly mistakes. Isn't your finance more important than your haircut?

Auction results last weekend show sign of market movements, compared to previous weeks. Is the worst over? Is it the start of rising market? Let us know what you think in the comment section.

Adelaide and Perth are leading the growth chart, according to CoreLogic. Days on market are extremely short at the moment, meaning decent houses are under offer within a few days of listing.

Fun Fact: Did you know that Perth median house price was higher than Melbourne's back in 2007 during resources boom?

This recent data from CoreLogic shows that each state has its own property cycle over the last 12 months, where there are heaps of negative growth in Sydney and Melbourne, but yet heaps of positive growth in Adelaide and Perth.

On-the-ground knowledge at suburb level is much more accurate than watching some random news on TV or online.

At the back of 10 consecutive interest rate increases in Australia, it's quite interesting to see where other countries are at with their inflation.

$7 billion funding for development! From now until 2032, what do you think how property value will be heading in Brisbane and surroundings?

'Global powerhouse': $7 billion Olympic fund unveiled for Queensland Brisbane Olympics 2032: $7 billion funding to turn Brisbane into 'global powerhouse'By 9News Staff1:51pm Feb 17, 2023 Tweet Facebook Mail A $7 billion Olympics fund will turn Queensland into a "powerhouse", Prime Minister Anthony Albanese says.The hefty funding injection will power major changes in....

Happy New Year to you, all! We are happy to share some snapshot information about our latest property purchase in Perth just before the end of year 2022. We are truly blessed to be able to grow our property portfolio to double digit. We feel like it was not long ago, when we started building our property portfolio in 2015.

Thanks to our clients, who gifted us these incredible products. We were truly surprised and this made our day indeed!

We are also very glad that we were able to help them build their dream of owning a home in Australia.

A bit of help to those in need

Faith Finance updated their phone number.

After a humble start almost 2 years ago, we are truly honoured to be awarded this prestige recognition from Commonwealth Bank of Australia as their Elite Broker Status. A huge thank-you to all our clients, who trust us in helping them buy their own home, build their wealth and achieve their financial goals.

Now it's easier to send Faith Finance a message.

Get in touch with us if you have been doing DIY with your loans but want a second opinion.