Overall it is a celebration time. The banks are extremely competitive right now particularly with Fixed Rates. This year the banks have increased all investment mortgage interest rates (on average .25% above owner occupied homes).
This has been reflectance on APRA regulations to banks. The Reserve Bank continues to hold the variable rate. Rental Demand continues in Sydney due to unaffordability to purchase a home, increased people immigrating to Australia and not enough new construction.
Job Opportunities – unemployment rate in October 2015 was 5/8% which is a decrease of 0.2%. Latest Core Logic property values report December 2015 of the 5 Capital City values are up 8.39% in past 12 months. Average for the past 12 months for Melbourne $711,520 up 8.14%, Brisbane $504,390 up 3.14%, Adelaide average $451,830 up 0.77%, Perth average $611,333 down -0.33% and finally Sydney average $876,750 up 14.16%.
Australia is a very outdoor sporting country from school age to retirement and Australians enjoy a comfortable family lifestyle. Many Australians are looking for a good deal from the banks/lenders currently. Downunder Mortgages can work with you to find the good deals and the customer friendly bank/lender for the new finance or revising your existing loan from a choice of 35 banks/lenders on their panel.
Mary from Downunder Mortgages has helped many different Australia residents and nonresidents obtain preapproval and given people confidence. Their confidence begins firstly referring to the website (Case Studies and information) to see the truly Happy Clients!!
Contact Mary of Downunder Mortgages for assistance in finance.
Downunder Mortgages has Professionals like Mary O’Brien who have a decade worth of experience in providing our valued and loyal customers with Australian finance options.
We have a unique advantage in that we work with over 35 Australian lenders and 9 New Zealand lenders to provide you with the experience in getting your property finance.
We provide a variety of Australian mortgage and loan options for Australians First Home Buyers, Investors, Immigrants, Lifestyle, Commercial and Business. We also assist people from all around the world wishing to obtain Australian finance. Our goal is to is to help people realise their wish of owning their own home in Australia, by choosing a mortgage option together.
To read the latest real estate news in Australia, checkout our newsletter.
To read the latest Media Releases written by Mary click here.
NEW! - How Much Do You Think You Can Borrow? For a quick approximate assessment fill out the attached Borrowers Assessment Checklist. Please note everything will be treated as confidential.
Are you wanting an Australian mortgage? Usually the first thing people want to know is how much money can I borrow? We have provided a Home Loan Calculator and Currency Converter, and 3 other calculators to help you answer those questions. It is even possible to determine the impact of any extra repayments you might have to make!
Everything you need to know if you thinking of buying real estate in Australia. Updated each month.
We guide you through the process of getting an Australian mortgage that suits your needs. We provide you with with a Borrowing Assessment From (1 page) amd a checklist to help you understand the steps you need to take.
We also recommend reading about Australian home loans and our case studies as an example of the wide range of people we have helped in the past.
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You can contact us on 02 9620 5559 or 0404 234517. If you prefer you can use our contact us form. Please give as much detail as possible and we will get back to you as soon as possible.