We Go Beyond Newsletter | June Edition

We Go Beyond!

Welcome back!

We're halfway through 2021 meaning It's that time of year again, end of financial year. It's time to take a good, hard, long look at your finances and make sure you've put yourself in the best financial position for the new financial year. Are you getting the best bang for your buck with your home loan? If you haven't refinanced or had your house evaluated, now is the time.

Typically, in winter there's less competition amongst buyers alongside motivated sellers. Whether you're a homebuyer or seller, make the most of your seasonality. The best way for a homebuyer to determine how the seasons impact your specific market is to talk to a broker. We can provide you with a market update for your area, helping you monitor fluctuations and patterns of average sale prices.

If you need a bit of seasonality advice, get in touch with us.

Cheers,

Brian & Jess

MARKET UPDATE
The winter months are upon us and there is a general feeling activity has dropped off a little bit since the first quarter of the year. You could call this seasonal, with winter generally being the slower months when it comes to property sales. As such, sale activity in Perth decreased 17% last week. We have also seen a slight increase in stock levels. With that said we are 19% lower on stock levels vs the prior comparative period so we're expecting the lines at home opens to continue for the interim.

Good news on the value front with Perth’s median house price slowly ticking up over $500,000. This is welcomed news with a lot of households sitting on investment losses for the better part of a decade. In our view the steady increase in property prices should eventually lead to increased stock levels and sales volumes as investors and down-sizers take the opportunity to deleverage. With that said, the time of this is unknown and with WA being a very favourable place to live you would think over time population growth could again result in supply issues.

On the banking front we are starting to see markets for fixed rate loans push up as they factor in future interest rate rises. Current market forecasts place increases in official interest rates in 2023 but this can change overnight with other economic indicators. Overall, current data does appear to show that we have reached the bottom of the interest rate cycle but if COVID-19 has taught us anything, it's that this can change. If you are considering locking in a fixed rate now might be a good time to do so. Please don’t hesitate to reach out and we can definitely help.

TIME TO UPGRADE
With the sellers market hot, is it time for you to consider selling your first home and upgrading? It's likely your houses market value has increased, putting you in a good spot to buy something bigger, better and more suited to your lifestyle.
Now is the time to do a valuation on your home or refinance. Contact us today!

LOW RATE HOME LOANS 
Soar high with a seriously good home loan offer.
86400 are offering a two-year fixed loan, owner occupied with principal and interest with 1.89% rates p.a (2.59% comparison) available. Not only will you get $2,000 cash back you can also make up to $20,000 additional repayments with redraw available. Book an obligation-free appointment with us today to take the leap and enter the property market or invest!

CURRENT RATE
Low rate home loan interest rates from 1.84%!
Comparison rate* 3.38%.
*The comparison rate is based on a loan amount of $150,000, over a 25 year term. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 

When was the last time you refinanced?
If it's more than two years ago, then it's time we reviewed your options and found you a better deal.
Call us today on 1300 462 396 for a complimentary home loan health check.

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