Marty Allison - Finance Specialist - Pivotal Financial

🚗 Records are being smashed in the new car market 🚗⁣⁣
⁣⁣
Over 105,000 new vehicles were sold in February 2024, an increase of 21% on 2023 (FCAI stats).⁣⁣
⁣⁣
But deciding how to pay for your car can be just as important as the make/model you choose. 🤔⁣⁣
⁣⁣
Dealer finance may seem quick and easy. 🤨⁣⁣
⁣⁣
But applying for car finance before you hit the car yards can provide you with:⁣⁣
⁣⁣
✅ More choice⁣⁣
✅ The potential for more affordable finance⁣⁣
✅ Turbo-charged negotiating power if your car loan is pre-approved.⁣⁣
⁣⁣
Love your car. Love your car loan. 🚙⁣⁣
⁣⁣
Call me today to help get you into a new set of wheels. 👇⁣⁣

Keeping your credit score in good shape is key to unlocking financial opportunities and ensuring your financial health. 💲💸

Want to know why a strong credit score matters? 💪🏻 Check out these top tips for maintaining your credit score healthy! ⭕🩺

Got questions about your credit score? Send me a message, and I'll be happy to assist! 💬

It's everybody's favorite time of year again! 🙌⠀
⠀
The end of the financial year is rapidly approaching, and there are just 4 weeks left to shrink your taxable income and whip your tax savings potential into shape.⠀
⠀
So, make sure you won't miss the important dates! 💯⠀
⠀
The ATO has all of the dates you need to be aware of. Mark them in your calendar and set yourself up for success for the next financial year!

What's the average home loan size where you live? 🏠⁣
⁣
Here’s a quick look at the numbers from the ABS:
⁣
NSW – $770,000⁣
VIC – $614,000⁣
ACT – $581,000⁣
QLD – $559,000⁣
SA – $530,000⁣
WA – $530,000⁣
TAS – $434,000⁣
NT – $422,000⁣
⁣
Remember, averages don’t paint the full picture. 🎨⁣
⁣
What matters is that you have a loan you can manage.⁣
⁣
Talk to me to know your borrowing power, and let me help you get a loan that suits your budget. 👇⁣

The end of the financial year is just around the corner!

Now's the time to get your accounts in order, check your deductions, meet your superannuation requirements, and note important tax dates. Don't forget to stay alert for tax scams targeting small businesses. Proper planning can make this busy period a lot smoother. 🍹

For expert advice that will help you understand your current financial position and plan your next step, contact a Pivotal Financial mortgage broker today. 👍

Big News for First Home Buyers in Queensland! 🏠✨

In a major boost for first home buyers in QLD the government has announced it is increasing stamp concessions, potentially saving first-time homeowners up to $17,350. This initiative aims to make the dream of owning a home more achievable for young Queenslanders.

The threshold for the first home concession on stamp duty will rise from $500,000 to $700,000, with concessions phasing out up to $800,000. For vacant land, the threshold will increase from $250,000 to $350,000, phasing out up to $500,000. About 10,000 buyers are expected to benefit from these changes.

If you're a first home buyer, now might be the perfect time to take advantage of these new concessions! For more details or personalized advice, get in touch with me. 🏡✨

We work our assets off so you can keep yours comfy at home! 🛋💼😁

Give me a call today to discuss your next purchase!

🤔 Do you know your home loan interest rate? 🤔⁣
⁣
A recent study found 42% of mortgage holders have no idea what interest rate they’re paying on their home loan 😅⁣
⁣
And it’s an oversight that can cost you dearly. 😬⁣
⁣
As a guide, the average home loan interest rate for owner-occupiers is currently at 6.4%, and 6.3% for new home loans (RBA data).⁣
⁣
How does your loan compare? 🤨⁣
⁣
Call me today to know what you’re currently paying, and whether you could save by switching. 👇⁣

📢 Have you heard of loud budgeting? 📢⁣
⁣
Lending to first home buyers is up, and NAB research puts it down to many young Australians embracing ‘loud budgeting’. 📣⁣
⁣
It’s all about boldly letting friends/family know you’re sticking to a budget to kick some serious savings goals. ⚽⁣
⁣
Chances are, they’re keen for you to save too. 🙌⁣
⁣
So, instead of a pricey night out, you may decide to catch up over a low-cost night in - with the idea being that your closest family and friends understand why.⁣
⁣
Talk to me for more strategies that can help you get into a place of your own sooner. 👇⁣

🙌 Mortgage brokers have done it again! 🙌⁣
⁣
We’ve just notched up another industry win, setting a new record for market share. 😮⁣
⁣
72% of Aussies now turn to a mortgage broker for help landing a home loan (MFAA stats).⁣
⁣
Makes sense (to us at least!). Because as your broker, our job is to help you:⁣
⁣
✅ Potentially save with a competitive rate⁣
✅ Enjoy better loan features⁣
✅ Buy your home or investment property with confidence knowing a broker is on your side.⁣
⁣
So if you're looking for a home loan specialist, call me today and I'll help you find a loan that suits your needs. 👇⁣

*With interest rates at an all time high, a great first step in your next property purchase is to work out how much you can borrow. 💸

I will look at your income and expenses to work out your borrowing power with our panel of lenders and let you know what your potential home loan repayments might look like.

Give me a call 🤙🏻*

🤔 Is home ownership the key to happiness? 🤔⁣
⁣
Your home isn’t just a roof over your head. It’s also a source of joy! 😁⁣
⁣
A recent survey by Great Southern Bank shows that owning a home has the power to bring extra happiness to our lives.⁣
⁣It’s like comfort food for your financial well-being. 😅⁣
⁣
Want to boost the feel-good factor?⁣
⁣
Let me help line you up with a home loan that’s right for your needs. 🙌⁣
⁣
Right home. Right loan. Great combo. ✅⁣
⁣
Talk to me to find your ideal mortgage match, and unleash your inner joy. 👇⁣

🪓 Want to chop your home loan rate? 🪓⁣
⁣
A recent survey through Rate City found that 80% of people who’ve asked their lender for a rate cut, got one. 👍⁣⁣
⁣
But it’s not that simple. You need to:⁣
⁣
✅ ⁣Know your home loan rate⁣
✅ ⁣Know the rate your bank is offering new customers, and⁣
✅ Arm yourself with rates from other lenders, and be prepared to walk if your lender doesn't want to play ball.⁣
⁣
Sound like too much hard work?⁣
⁣
Well, one solution is to give me a call and we'll help guide you. 👇⁣⁣

🏡 First home buyers roar back into market 🏡⁣
⁣
First home buyers stormed back into the market last year, taking out 28.5% of all new home loans, according to ABS statistics.⁣
⁣
Could you (or someone you know) be next to buy a first home? 🤔⁣
⁣
Here are 5 potential tips to help get started:⁣
⁣
1. Talk to a mortgage broker – we’ll help break down the home buying process, and explain how you can become home loan-ready sooner.⁣
⁣
2. Save, save, save – the bigger your deposit, the less you may need to borrow.⁣
⁣
3. Cut your credit card limit – reducing card limits could boost your borrowing power.⁣
⁣
4. Check out first home buyer incentives – a financial helping hand might fast-track your first home purchase.⁣
⁣
5. Consider a 5% deposit scheme – buying with 5% deposit? In some circumstances it can be done!⁣
⁣
Call today for more ideas on getting into your own home sooner. 👇

In the complex world of mortgages, having a mortgage broker by your side can make all the difference.

Unlike banks, which prioritize their own interests, mortgage brokers work exclusively for you!

Think of us as your personal mortgage matchmakers. We scour through a multitude of loan options from various lenders on your behalf. With access to a diverse range of lenders, we're equipped to guide you through every step of the process, from application to paperwork, we've got you covered.

But here's the kicker – we often have the power to negotiate better terms and rates for you.

By leveraging our relationships with lenders, we can potentially save you money and secure the most favorable mortgage deal.

Whether you're a first-time buyer or a seasoned homeowner looking to refinance, partnering with a mortgage broker is a smart move. We're committed to representing your interests and finding the perfect mortgage solution for you. 🫵🏻

🤔 Why are home values defying higher interest rates? 🤔⁣
⁣
Rates have soared but that doesn't seem to have put a dampener on property values across most of the country. 🏡⁣
⁣
Why not? Well, CoreLogic points to three potential reasons. 👇⁣
⁣
1. A strong bounce back in population growth.⁣
⁣
2. Tight rental markets mean more people are thinking of buying instead of renting.⁣
⁣
3. High activity among buyers who don’t need a home loan (yes, we’re talking cash buyers).⁣
⁣
The take-out?⁣
⁣
If you wait for property values to fall to get into the market, well, it may not happen. ⚖⁣
⁣
Timing the market can be incredibly difficult - especially the property market. ⁣
⁣
'Time in the market' could be more straightforward to achieve. 👍⁣

🏡 How your deposit size can shape the interest rate you pay 🏡⁣
⁣
Size matters! At least when it comes to how your home-buying deposit can impact the rate you pay. ⁣
⁣
Lenders often set your home loan rate taking into account your loan-to-value ratio – or LVR. 🤓⁣
⁣
That’s the percentage of your home’s value that you need to borrow. 🏦⁣
⁣
The smaller the LVR, generally the less risk for a lender – and that could see you rewarded with a lower rate. 📉⁣
⁣
How much lower? Give me a call and I'll help you explore your options. 👇⁣

Mortgage Broking Market Share Hits New Record - 71.8% !!
More Australians continue to choose and partner with a Mortgage Broker.

Need help on making important financial decisions around buying a home or investing in property?

Reach out to me today 🤙🏻

🙌 The pros of having a mortgage broker on your side 🙌⁣
⁣
The words “home loan application process” can strike fear in the hearts of many. But you don't have to go it alone. 😁⁣
⁣
According to recent MFAA stats, seven-in-10 home loan seekers have now cracked the code: turning to mortgage brokers to help them land a loan. 🤝⁣
⁣
Here are three key reasons why... 👇⁣
⁣
1. We can do the bulk of the legwork for you.⁣
⁣
2. Our inner knowledge of the finance industry could help boost your chances of home loan success⁣
⁣
3. We can provide you with continued support throughout the duration of your home loan.⁣

Get in touch today! 👍🏻

⚖ Buy or sell first? It can be a juggling act ⚖⁣
⁣
Buying before you sell your current home can be tempting if you’ve seen a place you love. ❤⁣
⁣
But it may mean you need bridging finance – that’s an extra loan to tide you over until your old home sells. 🏡⁣
⁣
Not all lenders offer bridging finance. And it can sometimes be a bit more pricey. 📈⁣
⁣
It can also mean juggling two loans at the same time. 🙃⁣
⁣
But, if you see the house of your dreams on the market and you need to act fast to buy it, it could help you bridge the money gap. ✅⁣

If you have more questions feel free to reach out. 🤙🏻

👍 4 tips for self employed home loan applications 👍⁣
⁣
Run your own business? Applying for a mortgage when you’re self-employed may have you jumping through more hoops. 🙃⁣
⁣
But it needn’t deter you from getting into the property market. 🙌⁣
⁣
Here are 4 tips to consider to help you apply for a mortgage like a boss. 💪⁣
⁣
1. Get your finances in order: build up a healthy credit score, lower your living expenses, save up a healthy deposit (aka genuine savings) and a cash buffer.⁣
⁣
2. Make sure your business and personal finance documents are up to date. And run your business on accounting software such as Xero, MYOB or Hnry.⁣
⁣
3. Choose your lender wisely. Applying with lenders that have a track record of approving self-employed loans might be a wise move.⁣
⁣
4. Get in touch with me today. I can help you get started with many of the above tips!

📢 When will the next cash rate call be made? 📢⁣
⁣
2024 sees our central bank switch to a new meeting schedule. 📆⁣
⁣
Instead of meeting 11 times annually, the Reserve Bank of Australia (RBA) will call the shots on interest rates just eight times this year - about every six weeks - with no meetings to be held in April, July and October*. ⛔⁣
⁣
This makes it even more important to double check that your current home loan is still right for your needs. 👍⁣
⁣
Because no matter what the RBA decides, you may need to be able to live with that decision for longer each time. 😅⁣
⁣
So if you'd like a home loan health check, call me today to see how your home loan shapes up. 👇⁣

✅ Three home loan goals to consider ticking off in 2024 ✅ ⁣
⁣
Try one or have a go at them all to try and potentially save on your home loan. 👇⁣⁣
⁣
1. Give your home loan a health check. Have peace of mind that your loan is in good shape and continues to match your needs. 🙌⁣ ⁣
⁣
2. Ditch lender loyalty. Perhaps explore what other lenders have to offer. 👀⁣
⁣
3. Check you’re not paying for features you don’t use. Why pay more? 🤔⁣⁣
⁣
Call me today to start ticking off the above checklist and pocket potential savings in 2024. 👍⁣

🤔 Does your home loan have an offset account? 🤔
⁣
Not all home loan products offer them - and not all lenders offer loans that can have multiple offset accounts attached to them.⁣
But some do, and they may be a good way to help pay down your mortgage sooner. 👍
⁣
In a nutshell, an offset account is a transaction or everyday banking account that is linked to your home loan. ⁣
⁣
The advantage is that you only pay interest on the difference between the money in your offset accounts and the mortgage total.⁣
⁣
Compare the Market crunched the numbers and found having just $25,000 in an offset account over the life of a $500,000 loan (rate of 5.84%) could see you slash over $100,000 off your loan interest, and may reduce your home loan term by almost three years. 😮

So, if you'd like to explore loan options that allow for multiple offset accounts to be attached to them, get in touch today to explore your refinancing options. 👇⁣

🏠 Refinancing with Equity 🏡

If you've recently bought your home, chances are you haven't accrued significant equity yet.

This could potentially pose challenges if you're considering refinancing with another lender.

Here's what you need to do: 👇🏻
1. Give me a call.
2. Check alternative options with various banks.
3. Maintain a healthy credit file – avoid applying for credit until your refinancing request is approved.

Reach out to discuss your possibilities today. 🤙🏻😁

🏘 Revealed: the four cities tipped to be property hotspots 🏘⁣
⁣
A new report from PEXA reveals that the nation’s population is forecast to grow by 7.4 million by 2041.⁣
⁣
That'll require an additional 2 million dwellings across our four biggest cities, which will account for over 65% of the forecasted population growth.⁣
⁣
City by city, it's predicted that we'll need another:⁣
⁣
🏘 723,000 new homes in Melbourne (that’s 40,000 new homes per year, or 772 per week);⁣
🏘 582,000 in Sydney;⁣
🏠 381,000 in Brisbane; and⁣
🏠 334,000 in Perth.⁣
⁣
With so much pressure on demand, it could make these capital cities quite the property hotspots over the coming decades. 💪⁣
⁣
So if you'd like to jump into one of these markets as either a first home buyer, upgrader, or investor, call me today to discuss your home loan options. 👇⁣

🏡 Getting close to financial hardship? Here are four options 🏡⁣
⁣
There's no denying that many families around the country are doing it tough right now. Inflation is high, and we've just experienced 13 cash rate hikes in less than two years. ⁣
⁣
So what happens if you approach your lender for temporary home loan relief? 🙃⁣
⁣
Well, you could be offered up to four options, according to the Australian Banking Association's 'Don’t tough it out on your own' campaign, including:⁣
⁣
1. An extension of your home loan term to reduce each monthly repayment⁣
2. Temporarily lowering your home loan or credit card loan payments ⁣
3. Letting you defer repayments for a while, or⁣
4. Shifting from principal + interest to interest-only payments for a time.⁣
⁣
So which is the right choice? 🤔⁣
⁣
Well, there’s no one-size-fits-all answer.⁣
⁣
But if you want to discuss which strategy might work for you, give me a call. ⁣
⁣
The sooner we chat, the sooner you can get the ball rolling on seeking repayment relief. 👇⁣

Curious about the next RBA cash rate decision? 🤔✨

While February saw rates stay put, changes in the RBA meeting schedule are shaking things up.

Discover what's in store for borrowers and when the next rate call will happen. Plus, explore whether it's the right time to make your move in the property market.
Click on the link to read more 👉🏻 bit.ly/489o4X6! 🏡💡