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There is never a right or the wrong time to buy a house. If you are planning to get one for quite some time, go for it because now is the time for you. The current market rates are at their lowest now than they have ever been before. Adding to that, there are a lot of governmental schemes and concessions for first home buyers in Sydney to help them through their housing finances today, encouraging them to take the first step in becoming a first home buyer.If you are still skeptical about the process of purchasing a house and are unaware about housing finances, you need not worry about that because there are a lot of mortgage brokers in Sydney to help you with that and also to find the best offers that are right for you. Though, you might need to work a little while finding the best mortgage broker for your home. There is no right time to buy a home, it is only right when you are ready to become a first home buyer in Sydney. If you have been thinking about purchasing, moving, investing or downsizing a home there are advantages to making 2021 the year you make your move. Here are some reasons as to why it could be your year: Interest RatesThe interest rates this year have been the lowest we have ever seen in history making it an ideal year to invest in that property you have always wanted to. The rates are likely to remain low for the next few years, giving you an edge to make a sound decision. There are many important factors that need to be taken into account while planning to become a first home buyer in Sydney, and interest rates are one of the major ones. You can take help from your mortgage broker too when it comes to getting a discount on the interest rates from your lender.Schemes and Incentives Government schemes and incentives for first home buyers help them in taking the first step towards buying a home. It is necessary to do proper research about the current schemes, state and federal included, to make a sound decision. Location Is it not surprising that buying a house in a suburb is cheaper than renting. It costs less to pay a home loan each month than to pay rent. This is good for all the first home buyers in Sydney and around the country who may not realise that buying a property could reduce their home buying costs in the long term. Plenty of Options around the Suburbs Although the overall number of houses for sale in Australia remains low, there are still plenty of suburbs around the country where conditions are skewed towards home buyers. Considering the ‘buyer’s market’, suburbs across Sydney and Australia present a great opportunity for home buyers looking to get into or move within the market. Mortgage Brokers A good mortgage broker can help you find savings on your home loan. They can negotiate a good home loan deal with your lender or help you look for cashback offers and interest rate deals that could help you save on your home loan. Mortgage Brokers take the hassle and complexity out of the process in finding the right home … [Read more...] about 5 Reasons 2021 Could Be The Year To Buy a Home

Properties are being removed from the market faster than they’re being added, which is pushing up demand and prices, according to CoreLogic.Between May and July, 1.4 homes were sold for every 1 new listing added to the market. Supply and demand are in balance when the number of sales matches the number of new listings. But in all capital cities, for every 1 new listing there were more sales:Adelaide = 2.0 salesACT = 1.5Sydney = 1.5Hobart = 1.5Brisbane = 1.3Melbourne = 1.3Perth = 1.2Darwin = 1.1The reason the sales-to-new-listings ratio is so high right now is because properties are selling at their fastest rate since 2004, while new listings are below their long-term average.With prices rising fast, the sooner you enter the market, the less you’ll have to pay. So speak to a broker if you’re thinking about buying in 2021.Speak to us today. Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Demand outstripping supply in all capitals

First home buyers have been drifting out of the market, while investors have been piling in, according to the most recent data from the Australian Bureau of Statistics.June was the fifth consecutive month in which the number of first home buyer loans fell and in which the share of first home buyer loans (compared to the overall market) fell.At the same time, June was the third consecutive month in which investors increased their market share.Still, first home buyer activity is at historically high levels – the number of first home buyer loans in June was 47.1% higher than the year before.But so is investor activity – which increased by 116.0% over the same period. Whether you’re a first home buyer or an investor, the market is hot right now and competition for properties is fierce. So it’s important to organise pre-approval before you start house-hunting. That way, if you find a property you love, you’ll be able to make an offer immediately, which will improve your chances of success.Call me to get pre-approved.Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Investors stepping up as first home buyers step down

Keen to get your hands on a tax refund? Well, the Australian Taxation Office has revealed the number one problem that slows down the process.ATO assistant commissioner Tim Loh said some Australians are in such a hurry they file their taxes before they've got a complete picture of their income for the previous financial year."Four out of five people get refunds at tax time. While we usually get these out in under two weeks, it may take longer if we need to address any mistakes and potentially adjust your return," he said."Waiting until the end of July to lodge allows the ATO to add information into your tax return from employers, banks, private health insurers, and government agencies. Agents can access this information too."Employers usually have until July 14 to finalise their employees’ income statements. However, due to Covid, some employers have been granted extensions until July 31.Want more information? Visit the ATO's Tax Time Essentials page.Needing a great deal? Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a FREE appointment We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Rushing your taxes could delay your refund: ATO

This is a great time to be a property investor, with tenants being forced to fight hard for rental properties, according to new data from SQM Research.The vacancy rate (the share of untenanted rental properties) fell in every capital city, except Melbourne, between June 2020 and June 2021. The harder it is for tenants to find accommodation, the easier it is for landlords to raise rents. So it’s no surprise CoreLogic found that rents rose in all capital cities between the June 2020 and June 2021 quarters – except Melbourne.With rents rising and interest rates at historic lows, this is a great time to be a property investor.However, qualifying for a mortgage is often easier said than done, because banks have tight lending standards and turnaround times can be slow.If you need help navigating this tricky landscape, speak to an expert broker.Want an investment loan?Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Call me today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Property investors collecting more rental income

New analysis from CoreLogic has found that buying a property is cheaper than renting for 36.3% of homes across Australia.This is an improvement on the last time this analysis was conducted, in February 2020, when it was cheaper to buy than rent 33.9% of homes.‘Cheaper to buy’ means it takes less money to meet ongoing mortgage repayments than ongoing rental payments. CoreLogic’s analysis assumed borrowers would put down a 20% deposit, take out a 25-year loan and pay a mortgage rate of 2.40%.The national results hide a lot of geographical variation. For example, a majority of homes in regional locations are cheaper to buy (60.1%) but only a minority in metro locations (28.2%). Of course, these are broad averages, so your personal situation might be different. If you want an expert to crunch the numbers on your behalf and see what impact a mortgage would have on your finances, get in touch.Looking to buy? I can help.Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Why you might want to switch from renting to buying

Buying a home is a complex and lengthy process, it became even more daunting if you're someone who is whirling for the first time. But for everything, there exists a right key, and if you're a first home buyer in Sydney you can get your head around the basics of how it works, you're less plausible to be taken by surprises along the journey and your home shopping experience will indeed be easier. This blog will briefly give an insight into each step you're possibly going to take during the home buying journey. So if you've found your dream home which suits all your needs and can't wait to live into your dreams, then follow the blog through the end to amass all you'll need during the process.Evaluate your budgetIt would be really heartbreaking if you've to give up on the house you've set your heart on. To avoid this from happening, you're advised to evaluate your financial condition, this will give you an insight into where you stand and also an idea of how much you can afford to borrow. Knowing this will help you start searching for the property which fits your budget. Seeking the help of a mortgage broker in Sydney they will help you to keep your credit report on track with their factual guidance. After improving your credit report you can check your affordability by using the affordability calculator and home loan calculator to get an estimate of borrowing power and mortgage repayments.Inspect the propertyYou'll inevitably spend plenty of money buying the property thus it's essential to ensure the property is worth the investment. For that, you need to view the property in person, as well as online. Viewing property in real life will lend you a deeper understanding of their potential (negative and positive both) and you'll be able to gauge whether they give you that same incredible feeling which you got from the screen. Closely inspect all the areas like ceiling, door, windows, water, any signs of mould, taps, flooring conditions, lights, guttering system, roofing, drainage, exterior walls, neighbourhood, enmities, lifestyle, transportation, etc.If everything gives you a positive vibe then go ahead with the purchasing process.Make an offerOnce you're satisfied with the property the next move is to crack the deal. But this can certainly be a tough process because the right approaching price, negotiations can really change the game so it's important to be cautious and use your words smartly. If you're a first home buyer in Sydney then we suggest walking together with your mortgage broker in Sydney during the deal as he might be a great help. Or your estate agent will be another best alternative who can bring forth the deals and offer on your behalf. We also recommend asking your solicitor to narrow down all the key points for the purchase in writing for the vendor, as it'll reduce any chances of misunderstanding as you move further through the process.Due diligenceOnce you've done with your offer, now start … [Read more...] about How the home buying process works

As many parts of Australia have returned to lockdown over the past few weeks, lenders have offered home loan relief to borrowers who may have been affected.Some borrowers may be eligible for deferrals on their mortgage repayments:All borrowers can apply for a mortgage pause, regardless of geography or industryDeferrals are being decided on a case-by-case basisWhere deferrals are being granted, it’s on a month-by-month basisThe Australian Banking Association, which is made up of 22 of the country’s largest banks, including the big four banks, said banks are standing by their home loan customers.“Customers can rest assured that if they need help, they will get it. Your bank will help you find a way through, don’t tough it out on your own.”Are you affected by the lockdowns and with your mortgage? If so, it’s best to speak with your bank first, but if you want additional help get in touch.Needing a great deal? Hit the button below to arrange a conversation with one of my loan specialists to find a deal that's best for your situation. Book a review today We partner with over 50 lenders so you can find the perfect solutionFollow Facebook Linkedin Do you have questions about mortgages or loans?Ask us in the comments below … [Read more...] about Banks offering mortgage deferrals to struggling borrowers