How do construction loans work?
If you’re planning to build your own home, a construction loan could help finance your project. Unlike standard home loans, construction loans provide funds progressively in stages as your new home is built. Here are a few of the key points you should consider. A quick guide to construction loans Construction loans differ significantly from traditional home loans, which typically [...]
What the Federal Budget means for homebuyers
It’s Federal Budget time, so let’s cut to the chase. What was in it for aspiring homeowners looking to purchase a property in 2025? Here are some of the key takeaways that could affect you in regards to purchasing property and cost of living reprieve. Purchasing property Help to Buy scheme Labor plans to boost its Help to Buy scheme [...]
Is now a good time to buy in Bendigo and Australia?
The Reserve Bank of Australia (RBA) has cut the cash rate and interest rates have come down. So is now a good time to buy property? The answer depends on your unique circumstances and goals. But generally speaking, it’s always best to get a leg up on the property ladder sooner rather than later. Here are some reasons to consider [...]
How a redraw facility can help you
Managing your home loan well can give you more flexibility and help you pay off your mortgage sooner. A redraw facility could be one way to reduce interest costs while still having access to extra funds when you need them. Here’s what you need to know: What is a redraw facility? A redraw facility lets you access any extra repayments [...]
Variable or fixed? Finding your home loan rate in 2025
In some good news for investors, home owners and aspiring home owners, the Reserve Bank of Australia (RBA) has cut the cash rate, and it seems likely there will be more cuts to come in 2025. All Big Four banks are anticipating at least two cuts this year and some say there may be up to five cash rate reductions. So, [...]
Has the property market peaked?
In recent months, we’ve seen a definite shift in the property market. It’s left one question on many aspiring property owners’ lips: Has the property market peaked? If you’re looking to make the most of falling interest rates and buy a home or an investment property in 2025, it’s important to be up to speed with what’s happening before you [...]