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As property prices have risen across the country, mortgage loans have necessarily become larger. Generally, lenders like to see a reasonable deposit on a loan or evidence of savings to minimise their lending risk. As this becomes increasingly difficult, the popularity o... Read More
select a broker October 17, 2022
If you’re trying to save money for a house deposit, or simply want to expand your property portfolio, it’s more important than ever to get financially fit. By getting your finances together and building a plan that will help you achieve your goals, you’ll be we... Read More
select a broker April 28, 2022
Over the past few years, it’s become more common for parents to help their children purchase a property. As property prices have risen sharply, particularly in places like Sydney and Melbourne, entry into the property market is not as easy as it was a generation ago. ... Read More
select a broker November 30, 2021
Investing in property in Australia has proven to be a sound long-term investment, with prices growing steadily for many decades. However, when the time comes to choose exactly where you should be buying a property, there are a myriad of things for you to think about. ... Read More
select a broker November 30, 2021
Rural loans for agribusiness growing at a rapid rate. With the downturn in the mining industry over the last few years Australia has turned to agriculture to fill the void. Fresh produce in the form of cereal, fruit, dairy and meat exports are on the incre... Read More
select a broker March 12, 2017
ABOUT LO DOC HOME LOANS A low doc loan or low-documentation loan is for someone, generally the self-employed, who has difficulty coming up with the necessary documentation required to apply for a traditional home loan. This may include those with a poor credit... Read More
select a broker November 23, 2014
At Selectabroker, we have our own mortgage broker panel who specialise in display home loans, not just home loans. You see, building your new display home is very different from purchasing an existing property, which is what makes us different from your everyday financi... Read More
select a broker November 23, 2014
The Mortgage Finance Association of Australia (MFAA) expects the country's mortgage broker sector to witness impressive growth this year, with its share of the lending market seen growing to above 40%, it said on its website. Recently, financial expert Deloitte publi... Read More
select a broker October 8, 2014
The Australian housing construction market is poised for recovery, with new home sales rising by 6.2% on a seasonally adjusted basis in December 2012, the third monthly increase in a row, showed the HIA New Home Sales report. In a sign that new construction is accele... Read More
select a broker October 8, 2014
Australia's coastal regions, where tourism is the main cash driver, are more likely to default on home loans, according to the latest research from global ratings service Fitch. Gold Coast East, Sunshine Coast and South West Western Australia are among the 20 regions... Read More
select a broker October 8, 2014
Several large Australian lenders lowered the fixed interest rates on their home loan offerings in a sign of expected variable rate cuts in the months ahead, the Australian reported on 7 February. Westpac has cut the fixed rate on its two-year premier advantage mortga... Read More
select a broker October 8, 2014
Over a third of Australians think that the central bank will hike rates this year, which could potentially lead to an increased demand for fixed rate products. A total of 38% of Aussies believe that rates will head upwards in 2013, according to the National Mortgage ... Read More
select a broker October 8, 2014
Online portals and the Internet present no threat to the broking industry; these are only tools that potential borrowers use to get initial information about home loans, Phil Naylor, head of the Mortgage and Finance Association of Australia (MFAA), said in response to a... Read More
select a broker October 8, 2014
The Australian housing market is starting 2013 on a positive note, with the residential property listed for sale going down by 1.9% in January from the previous month, a report by SQM Research revealed. The SQM Research, which gauges nationwide housing market trends,... Read More
select a broker October 8, 2014
Commercial lending registered a solid growth in the last month of 2012, according to data from the Australian Bureau of Statistics (ABS). The value of commercial loans increased by 8.6%, on a seasonally adjusted basis, to $31.9 billion in December 2012, the ABS said ... Read More
select a broker October 8, 2014
National Australia Bank (NAB) is the latest of the country's major lenders to lower its fixed mortgage rates as banks seek to expand their loan books and borrowers move to lock in hot deals. As of 14 February, NAB clients will benefit from a one-year package interest... Read More
select a broker October 8, 2014
Abacus, the industry body representing the Australian mutual sector, including mutual building societies and credit unions, on Monday launched a national campaign aimed at addressing the imbalances in the domestic banking sector. The Balance Banking campaign will lob... Read More
select a broker October 8, 2014
Australia's biggest lenders are under increasing pressure to lower their mortgage rates independent of interest rate moves by the central bank, as their profits from new mortgages reach the highest level in over a decade, The Australian reported on Tuesday. An analys... Read More
select a broker October 8, 2014
While in previous years Australian home buyers would go for variable interest rate home loans, now we are witnessing the opposite phenomenon, with locking in mortgage repayments becoming a more attractive proposition. Young Australian first home buyers are setting th... Read More
select a broker October 8, 2014
Australian home loans rose slightly in January, according to data collated by the central bank. Home credits edged up by 0.4% in January after adding 0.3% in the previous month. However, the growth still pales in comparison with the 4.4% increase recorded in January 201... Read More
select a broker October 8, 2014
Australia's rural property market is starting to show some signs of revival and investors interested in deals with rural land are recommended to take advantage of the uptrend in the market, Colliers International said. Tim Jelbart, rural and agribusiness valuation ma... Read More
select a broker October 8, 2014
Australian households have been redeeming more than adequately their home loans and currently they are $160 billion ahead on their mortgages, The Australian reported. Nearly 50% of the three million Australians with a home loan have made use of the unprecedented decl... Read More
select a broker October 8, 2014
In the first three months of the year, house prices across Australia's eight capital cities edged up by 0.1% after rising by 2% the previous quarter, the latest figures from the Australian Bureau of Statistics (ABS) revealed. In the 12 months to March, home prices in... Read More
select a broker October 8, 2014
In March, home loan approvals in Australia rose by 5.2% during the month, beating analyst's forecasts for a more modest improvement of 4%, the latest figures from the Bureau of Statistics have shown. This is the most significant monthly increase in home loan approval... Read More
select a broker October 8, 2014
Australia's property market is set to enjoy healthy growth soon after the country elects its Parliament members in September, an industry player has predicted. Aussie Home Loans entrepreneur John Symond forecasts that the market will continue its recovery later this ... Read More
select a broker October 8, 2014
Global investors are steering away from commercial property in the US and Europe and are rushing to buy office buildings in Australia, in order to take advantage of the attractive yields, Bloomberg said in an article. Investors have been buying Australian office prop... Read More
select a broker October 8, 2014
Recent data published by the Reserve Bank of Australia (RBA) showed that since 2009 home loan approvals in the country have been on the rise, fuelled by homeowners' increasing interest in moving into new homes and by the growing investor demand for mortgage funding, the... Read More
select a broker October 8, 2014
The number of new home loan approvals reached 48,475 in April, scoring their highest number in three and a half years, the Australian Bureau of Statistics (ABS) said this week. Month-on-month, the number of new home loans approved edged up 0.8%, failing to meet marke... Read More
select a broker October 8, 2014
Figures from the Real Estate Institute of Victoria show that over the last weekend both Sydney and Melbourne recorded impressive results in property auctions, strongly surpassing the rates exhibited during the previous week's long weekend. There were a total of 740 p... Read More
select a broker October 8, 2014
The low interest rates in Australia will continue to assist local borrowers in servicing their loans and better managing debt, rating agency Fitch says in a report seen by news agency Bloomberg. Analysts, led by Hai Duong Le, also expect that this year, the macroecon... Read More
select a broker October 8, 2014
Demand for loans in Australia recorded growth in May, new figures from the Reserve Bank of Australia reveal. In terms of value, credits provided to home buyers advanced by 0.4% in May compared with the previous month, after seeing similar increases in April, March an... Read More
select a broker October 8, 2014
Queensland is expected to soon strike a deal with the Australian government that could ensure the state with access to $60 million in concessional loan assistance, the Beef Central reports, citing Queensland agriculture minister John McVeigh. McVeigh said he was clos... Read More
select a broker October 8, 2014
The record-low interest rate in Australia contributed to a 1.8% increase in home loan approvals in May, the Australian Bureau of Statistics said earlier this month. As many as 49,636 Australian consumers were granted mortgage approvals in May, up from 48,736 the prev... Read More
select a broker October 8, 2014
In the second quarter of the year, mortgage applications in Australia recorded an annual increase of 6.9%, seeing their strongest growth since June 2010. In quarterly terms, mortgage inquiries advanced 1.9%, figures from credit data provider Veda showed this week. Th... Read More
select a broker October 8, 2014
Figures released this week by the Australian Bureau of Statistics (ABS) show that house prices kept increasing at a higher-than-expected pace in the quarter to June. Analysts project that growth in property values is unlikely to slow down any time soon, the Big Pond New... Read More
select a broker October 8, 2014
The Australian government is to provide an extra $5.9 million as part of a scheme intended to improve farmers' financial wellbeing, the Weekly Times Now has reported. The money will go to funding the work of 17 more full-time financial counsellors, who will focus on ... Read More
select a broker October 8, 2014
The increasingly low interest rates in Australia are luring a great number of investors into the property market, driving first-home buyers out as a result, The Australian has reported. This has caused an increase in rentals in the country's capital cities, leading t... Read More
select a broker October 8, 2014
The latest figures from the Australian Bureau of Statistics point to the continuing growth of the country's property market, a trend highlighted by the seventh monthly increase scored in home loan approvals in July. The report reveals that the number of home loans ap... Read More
select a broker October 8, 2014
The number of home-building permits issued by Australia's government surged by 10.8% in July compared with the previous month, the latest figures published by the country's statistics bureau show. The nation's housing market was given a huge boost by the historic-low... Read More
select a broker October 8, 2014
SQM Research predicts that the revival of Sydney's home market will transform into a "boom" in 2014, with price growth expected to be more than double the rate seen in Perth, Australia's second best performer in the residential property market. According to the resea... Read More
select a broker October 8, 2014
Concerns that rising property prices will prompt a property bubble are "overstated," says Philip Chronican, local CEO for Australian and New Zealand Banking Group (ANZ). The jump in house prices observed in the last couple of months has reignited fears of a potential... Read More
select a broker October 8, 2014
It was another promising weekend of auction results for Sydney and Melbourne, with both cities recording strong clearance rates similar to those seen so far this spring, data from Australian Property Monitors (APM) shows. The cities achieved solid property auction cl... Read More
select a broker October 8, 2014
The latest Quarterly Australian Residential Property Survey from the National Australia Bank (NAB) showed a 1.3% rise in national house prices in the third quarter of this year, with growth recorded in all states but Western Australia. New South Wales saw the stronge... Read More
select a broker October 8, 2014
Home prices across Australia's capital cities improved by an average of 1.9% in the three months leading to September, keeping the housing market in positive territory for four quarters in a row for the first time since 2010, the latest data from the Australian Burea... Read More
select a broker October 7, 2014
According to figures released from the Australian Bureau of Statistics (ABS), growth in home loan approval in September rose by 4.4% on a seasonally-adjusted basis compared with the previous month, beating previous analyst projections of 4%. The low interest ... Read More
select a broker September 16, 2014
You guys are amazing, had 2 weeks left to settle and you did it with 2 days to spare. Thank you so much and we will be recommending you to family and friends
When we found you guys we thought we had no hope. 3 Banks said no, and you were able find the right home for us. How you guys work for free amazes us
Thank you Selectabroker for providing such quick and professional service, for what was a difficult task. We are in our new home and loving it