What High Inflation Means for Home Financing Rising inflation and interest rates have shifted the way Australians approach home financing, pushing many to adopt smarter financial habits. As living costs rise, mortgage holders are rethinking their budgets and making more informed choices, which could have long-lasting impacts. Inflation, Rates, and Property Market Resilience The Reserve…
New South Wales Market Update: A Closer Look at October’s Growth Sydney’s property market showed a modest uptick in October, with home values rising by 0.19% and pushing the median price to a new high of $1.108 million, according to PropTrack’s latest report. This marks continued growth for Sydney, with home values now 4.51% higher than…
Canberra Market Update: Latest Shifts in Property Prices and Trends Canberra’s property market saw a slight rise in October, with home values edging up by 0.29%, bringing the median price to $845,000, as highlighted in PropTrack’s latest report. While this marks a modest monthly gain, prices remain 0.09% lower than a year ago and have softened…
Don’t Let Fear of Rejection Hold You Back: Why Fear of Rejection Shouldn’t Stop You from Applying for a Home Loan A recent Finder survey found that 1 in 5 Australians did not apply for a financial product in the past 12 months due to fear of rejection. Among these, home loans (5%), car loans (3%),…
Are you a registered nurse or midwife dreaming of owning a home but struggling to save up a 20% deposit? There’s great news for you! Did you know that you get a home loan with just a 10% deposit and avoid paying Lenders Mortgage Insurance (LMI). This opportunity can save you thousands of dollars and…
Welcome to this month’s Dominion Finance Newsletter. We hope everyone is faring well with a warmer winter as we enter the last few weeks before Spring arrives. With so much discussion around the RBA decision this week, the central bank after meeting yesterday and today has announced it will hold the current 12-year high cash…
Welcome to this month’s Dominion Finance newsletter, and happy EOFY! As we approach the end of the financial year, it is a good time to consider our financial position for the next twelve months. As the high cost of living, we are experiencing still impacts the way we spend and save, it can be beneficial…
For many, the biggest hurdle to achieving home ownership is saving enough for a deposit. With house prices continuing to soar, many Australian first home buyers are turning to relatives for help via a guarantor agreement to achieve home ownership sooner. Becoming a guarantor for your family members essentially means you are using your own…
Welcome to this month’s Dominion Finance Newsletter. After so much discussion regarding interest rate cuts this year by the experts, they seem to have done a complete turnabout and are now predicting possible rate rises instead, in a way to curb our sticky inflation. Reducing inflation is a bit like losing weight, the last one…
Imagine finally stepping through the door of your own home, a space you can truly call yours. For many, the biggest hurdle to achieving this dream isn’t finding the right house – it’s saving enough for a deposit. Using a guarantor is a solution many potential home buyers utilise to help them achieve ownership sooner!…