Home Loan Serviceability • Borrowing Power • APRA Why Banks Assess Your Home Loan at a Rate You’re Not Actually Paying Your home loan rate might be 6%. Yet the bank could assess your borrowing power as though the rate were around 9%. That does not mean the bank thinks you are about to start […]
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Falling Property Prices • Home Equity • Refinancing Falling Property Prices: What They Actually Mean for Your Home Loan Australian property prices are falling again, with Sydney and Melbourne leading the recent declines. But a lower property value does not mean the same thing for every homeowner. If you are staying put and comfortably paying
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Mortgage Prison • Refinancing • Home Loans Mortgage Prison: Why You Can Afford Your Home Loan but Still Can’t Refinance You are paying your mortgage. A cheaper home loan exists. Yet when you try to refinance, the new lender says no. It sounds ridiculous, but it can happen. The term mortgage prison describes borrowers who
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Buying a Home • Conveyancing • Australian Property What does a conveyancer actually do when you buy a home? Buying a home comes with a small army of people: the real estate agent, your mortgage broker, the lender, perhaps a building inspector — and then someone asks whether you’ve sent the contract to your conveyancer.
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Home Loans • Repayments • New Calculator Where does your mortgage repayment actually go? You make a home loan repayment every month, but the amount leaving your bank account is only half the story. Some pays interest. Some reduces the loan itself. And over time, the balance between the two can change dramatically. Our new
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Property Investment • Negative Gearing • Tax Reform Negative gearing is changing: what Australian property investors need to know before 2027 Australia has changed the rules around negative gearing and capital gains tax, with the main property reforms due to take effect from 1 July 2027. The headlines can make it sound as though negative
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Home Loans • Offset Accounts • Borrower Protection Is your offset account actually linked to your home loan? An offset account can be one of the most useful features attached to a home loan. Money held in the account can reduce the balance on which the lender calculates interest. As a result, you may pay
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