Blogs

June 2019 rate cut – Why did the Reserve Bank cut the cash rate? On 4th June 2019, the Reserve Bank announced the cash rate would be reduced by 0.25% p.a. to a record low 1.25%p.a. The basis of this…

Hornsby resident, Kylie asks “My partner and I are looking to get into the property market next year, and were wondering if we would be exempt from having to pay stamp duty? We’re first home buyers living in Hornsby NSW“…

Sunshine Coast resident, Danielle asks “I’m interested in applying for a home loan, and am somewhat confused by what LVR means? What does it mean, and how is it calculated?“ LVR essentially means loan to valuation ratio. Basically, it’s the…

Neutral Bay resident, Greg asks “I currently live on Sydney’s North Shore, and love the lifestyle but can’t afford property here. I’ve heard of the term rentvesting as an option. What is rentvesting and how does it work?“ Great question…

Brisbane residents, John and Chloe ask “My girlfriend and I are looking at various house and land package loans. What sort of advice could you give us to make sure we make the right decision and also to ensure we’re…

Gold Coast resident, Jason asks “Can you get a home loan with a casual job? I’ve been told that after the GFC this is no longer possible. Is this true or are there lenders that accommodate casual employees?“ Getting a…

Forest Lake resident, Mark asks “If I’ve been late with a number of personal loan repayments, can this affect my credit rating later on?“ In the past, Australia has had a negative credit reporting system, and what this basically means…

Sydney resident, James asks “Where does Mortgage World Australia see the property market heading over the next 3 years“ Predicting the future growth or decline in Australian property markets is a favourite pastime of various newspapers and the media. When…

Erina resident, James asks “My partner and I are interested in a property at Terrigal on the Central Coast, however it’s just above what banks will lend us. How can we increase our borrowing capacity?“   This is a common…

Jindalee resident, Katrina asks “I’ve been told that lenders have changed the way they look at living expenses recently, and take things like Foxtel and Netflix into account. Is this true?“   Yes Katrina, things have really changed over the…