Many people feel the same way about money. A young couple on the Central Coast of NSW, Georgia and James, know this feeling well. Even with a good income of $200,000 a year, they faced a tough mortgage repayment reality. Their home was bought for $500,000. Back then, the payments were easy. But when interest rates went up, their payments almost doubled. They went from $550 a week to about $900 a week. This was a “horrible” and “massive jump” for them. Life in the “Same Boat” Samatha feels everyone is in the same boat right now. Food costs more. Daycare costs more. Their mortgage costs more. Even with a good income, they felt financially stressed. Georgia said she would not have bought the home if she had known this would happen. She is glad they bought when they did. The average house price in their area is now over $900,000. It would be much harder to buy today. Their Smart Financial Hack To manage their money, the couple found a great trick. They started paying their bills in advance. They use weekly payments. They do this for their rates, electricity, and water bills. This means they do not get a big bill at one time. For example, a $1,600 rate bill did not bother them. They were already in credit. This hack has “changed their lives”. It helps them feel less stressed about money. How a Mortgage Broker Can Help This story shows that managing a home loan is not always easy. A high income does not always mean you are stress-free. It is important to be smart with your money. A mortgage repayment reality check with an expert can help. We can look at your loan. We can find a way to make your payments easier. We can help you pay off your loan faster. We can help you with a home loan health check to see if you are on the right track. You can find more helpful advice on the MoneySmart website. Contact EZ MORTGAGE BROKER today for a free chat. We can help you manage your mortgage. Important Information: Mortgage Broker Online Pty Ltd, ABN: 28 657 661 615, Credit Rep Number 538522. AFG Accredited Member (AFG Australian Credit Licence: 389087).
Sydney Melbourne Property Prices: A New Forecast
Prices for homes in Sydney and Melbourne are going up fast. Buyer confidence is growing. This is making the market rebound quickly. Westpac has a new forecast. It says that Sydney and Melbourne property prices could jump a lot by the end of 2026. What Could Happen to Prices? Westpac expects Sydney prices to rise 5% this year and 8% in 2026. This could add over $150,000 to the median price. The median price could reach $1,675,827 by December 2026. Melbourne is also set for big gains. Westpac forecasts prices will rise 4% this year and 10% in 2026. This could push the median price past $1 million by the end of 2026. Other cities are also seeing strong growth. Perth is expected to rise 8% this year. ANZ also tips Brisbane to grow by 7.4% by the end of 2025. The News is Mixed These rising prices are good for people who already own a home. Their home is now worth more. But for new buyers, this can be hard. The money you need for a deposit gets bigger. It also gets harder to get a loan from a bank. The extra money you can borrow at lower rates might be lost. This is because the prices of homes are rising so fast. What This Means For You The market is strong. But it comes with risks. A forecast is not a guarantee. Prices can change if the RBA changes rates or if the economy shifts. It is important not to borrow too much. It could be risky if things change. A good plan and a good loan are key. You can read our article on how to avoid paying too much for a home. <img src=”https://storage.googleapis.com/gcp-bucket-5392500/property_price_forecast_graph.png” alt=”A graph showing a rising trend in Sydney and Melbourne property prices.”> We can help you find a loan that fits your real financial situation. We can help you navigate this fast-moving market. Contact EZ Mortgage Broker today for a free chat. Important Information: Mortgage Broker Online Pty Ltd, ABN: 28 657 661 615, Credit Rep Number 538522. AFG Accredited Member (AFG Australian Credit Licence: 389087).
Lenders Cut Mortgage Rates: More Relief for Borrowers 💰
There is great news for Australian homeowners. Lenders cut mortgage rates across the country. This is happening two weeks after the RBA’s August cut. NAB, Westpac, and Bendigo Bank have all lowered their rates. This is good news for you. Some of these cuts are as much as 0.41%. This shows that competition is strong among lenders. More banks are jumping on board. This wave of cuts is a direct response to the RBA’s recent decisions. Which Banks Have Cut Rates? NAB has cut rates by 0.25% on many loans. Their new low rate is now 5.69%. Westpac also cut rates by 0.25%. Their most competitive new rate is 5.34% for a popular refinancing loan. Westpac was the last of the big four to act. Bendigo Bank made some of the biggest cuts. They lowered home loan rates by up to 0.41%. This is more than the RBA’s cut. More Lenders Are Cutting Costs Many other lenders also cut their rates. This includes: This shows a strong trend. Lenders are moving quickly to pass on lower rates. How Can You Save Money? This is a great time to check your home loan. You may be able to get a much better rate. A lower rate can save you money. It can also help you pay off your loan faster. The market is very competitive. Our team can help you. We can look at your current loan. We can find a great rate for your needs. We are experts in finding the best deals. Contact EZ Mortgage Broker today for a free chat. We will help you navigate these changes.
Lenders Cut Mortgage Rates: More Relief for Borrowers 💰
There is great news for Australian homeowners. Lenders cut mortgage rates across the country. This is happening two weeks after the RBA’s August cut. NAB, Westpac, and Bendigo Bank have all lowered their rates. This is good news for you. Some of these cuts are as much as 0.41%. This shows that competition is strong among lenders. More banks are jumping on board. This wave of cuts is a direct response to the RBA’s recent decisions. Which Banks Have Cut Rates? NAB has cut rates by 0.25% on many loans. Their new low rate is now 5.69%. Westpac also cut rates by 0.25%. Their most competitive new rate is 5.34% for a popular refinancing loan. Westpac was the last of the big four to act. Bendigo Bank made some of the biggest cuts. They lowered home loan rates by up to 0.41%. This is more than the RBA’s cut. More Lenders Are Cutting Costs Many other lenders also cut their rates. This includes: This shows a strong trend. Lenders are moving quickly to pass on lower rates. How Can You Save Money? This is a great time to check your home loan. You may be able to get a much better rate. A lower rate can save you money. It can also help you pay off your loan faster. The market is very competitive. Our team can help you. We can look at your current loan. We can find a great rate for your needs. We are experts in finding the best deals. Contact EZ Mortgage Broker today for a free chat. We will help you navigate these changes.
Your First Home. It Can Be Yours. A 5% Deposit Home Loan Story.
John was convinced it would be impossible for me to buy a home. Then I found this little-known hack: a 5% deposit home loan
Lenders Cut Mortgage Rates: More Relief for Borrowers 💰
Mortgage demand Australia is surging, driven by a boom in refinancing. Find out what this means for you and how to secure a great deal.
Lenders Cut Home Loan Rates as RBA Move Filters Through
As more lenders cut home loan rates, you could save thousands. Find out which major banks and smaller lenders are passing on the RBA’s cut and how you can get a better deal.
Save Thousands by Switching to a Better Home Loan Rate
Want to save thousands on your mortgage? You can! The latest rates are very low. Experts say you can find deals under 5%. Learn how to get the best deal.
Mortgage Rates Tumble for Homeowners 🏡
Great news for homeowners! Mortgage rates tumble as 25 lenders cut costs, with some rates now below 5%. Find out how you can save thousands on your home loan today!
First Home Buyer 5% Deposit Scheme Starts Early! 🏡
Dreaming of owning your first home sooner? The first home buyer 5 deposit scheme is launching early this October! Buy with just a 5% deposit and skip LMI. Learn more!