Why your bank only offers a better rate when you threaten to leave
You ring your bank and ask for a better rate on your home loan. “Sorry, that’s the best we can do.” So you start looking around, get pre-approval somewhere else, and go back to hand in your notice — and suddenly there’s a whole new rate on the table. The one they swore didn’t exist. […]
Understanding Capital Gains Tax (CGT) in Australia
Selling an investment property in Australia can yield significant profits, but it’s essential to understand the tax implications, particularly understanding Capital Gains Tax (CGT). CGT is the tax you pay on the profit made from selling assets like investment properties. However, with proper planning and knowledge, you can potentially reduce your CGT liability. starinvestment.com.au realestate.com.au […]
First RBA Rate Cut Since 2020: What It Means for You
The RBA has cut the official cash rate to 4.10%. The RBA rate cut has officially arrived, with the Reserve Bank of Australia (RBA) lowering the cash rate by 0.25% to 4.10%. This is the first RBA rate cut since 2020, bringing potential relief for borrowers while aiming to stimulate economic growth. At Beyond Broking, […]
Are You Paying the ‘Loyalty Tax’? How a Broker Can Help You Avoid It
A recent report has revealed the significant mortgage broker savings available to Australian homeowners, highlighting how brokers help clients secure lower interest rates and avoid costly “loyalty taxes.” Many borrowers unknowingly pay thousands more by sticking with their existing lender, but at Beyond Broking, we ensure you get the best possible deal by comparing offers […]
It’s 2025, lets talk about how much i can borrow!
As we step into 2025, understanding how much I can borrow is crucial for navigating Australia’s dynamic property market. With anticipated changes in the cash rate influencing loan interest rates and accessibility, prospective borrowers—whether first-time homebuyers, those looking to refinance, or property investors—must be well-prepared. To calculate your loan serviceability, you can add up your […]
How To Choose A Mortgage Broker
How to Choose a Mortgage Broker: Your Key to Home Loan Success In a landscape where rejections of home loan applications are on the rise, the importance of understanding how to choose a mortgage broker cannot be overstated. With a multitude of brokers vying for your attention, finding the perfect fit may seem like a […]
NSW Stamp Duty Legislation Changes
Understanding the First Home Buyer Choice scheme in NSW: factors to consider The New South Wales (NSW) government recently introduced changes to stamp duty legislation known as the First Home Buyer Choice scheme. This scheme provides first home buyers who meet certain eligibility criteria with the option to either pay upfront stamp duty upon purchasing […]
What to expect: Sydney’s 2023 property market
While the Sydney market has declined overall, middle-ring areas that offer houses in the $900,000 to $1.5 million range – such as Canterbury-Bankstown, Georges River, Cumberland and Parramatta – still have strong growth markets. According to Canstar’s latest Rising Stars Report, the decline in the market does not mean that all sectors are weak, with […]
Are you on a fixed rate? It’s time to act
Homeowners on a fixed home loan should act now to get ready for anticipated rate rises. Last year, the number of fixed rate loan applications were at an all-time high, this is due to borrowers taking advantage of record low interest rates in response to the pandemic. Those who took out these fixed rate loans […]
How to maximise borrowing capacity with interest rates on the rise
As we move through a period of increasing interest rates you are going to see your borrowing capacity get squeezed. While we don’t typically recommend borrowing to your maximum, here are a few tips that can help you improve your situation if you do: While it is good to get an idea of how you […]