Loanscope

What do Sydney, Hong Kong, San Francisco, Singapore, and Vancouver have in common? They're all at the top of the list for most unaffordable cities in the world (according to research from the Committee for Sydney). In Sydney, the median property price is 13.3 times the median income, and a third of renters are experiencing housing stress. For first home buyers, it's not all doom and gloom, though. Where there's a will, there's a way! No matter where you're wanting to buy in Australia, we can help. We often work with people months out from buying their first home, helping them define their goals, formulate a strategy, and set themselves up for a successful home loan application. Get in touch to start the process. #MortgageBroker #HomeLoans #MortgageLender #PropertyFinance #RealEstateLoans #HomeBuyer #Refinance #FirstTimeHomeBuyer #MortgageAdvice #FinanceTips #InvestmentProperty #PropertyMarket #HomeOwnership #PropertyInvestment #HomeLoanRates #HomeBuyerTips #MortgageSpecialist #HomeFinance #LoanOptions #PropertySales #Loanscope

Markets are moody at the best of times, driven by economics and fundamentals but mostly emotion. The real estate market is probably the worst of all. It is a major transaction that will change your lifestyle, especially for owner-occupier properties. If the market is too buoyant, prices will run away from you, and the elusive property in the right suburb will get away from your target budget. When markets are too quiet, nobody sells, and finding property is challenging. Is a flat market, which is rare, the best market to buy in? You would argue that if stock levels are good, and you don't have to push your way into overcrowded open for inspection or fight with multiple bidders at auction, it might be a great time to buy. In Melbourne, in my 15 years writing home loans, those times have been few and far between. According to CoreLogic, we are in the thick of it with Melbourne flat in March: https://lnkd.in/gw7WE3Zd

Markets are moody at the best of times, driven by economics and fundamentals but mostly emotion. The real estate market is probably the worst of all. It is a major transaction that will change your lifestyle, especially for owner-occupier properties. If the market is too buoyant, prices will run away from you, and the elusive property in the right suburb will get away from your target budget. When markets are too quiet, nobody sells, and finding property is challenging. Is a flat market, which is rare, the best market to buy in? You would argue that if stock levels are good, and you don't have to push your way into overcrowded open for inspection or fight with multiple bidders at auction, it might be a great time to buy. In Melbourne, in my 15 years writing home loans, those times have been few and far between. According to CoreLogic, we are in the thick of it with Melbourne flat in March: https://lnkd.in/gw7WE3Zd

Welcome Harrison! Meet Harrison Handley, Your Expert Mortgage Broker In the realm of financial decisions, choosing the right mortgage broker is paramount. I'd like to introduce Harrison Handley, a seasoned professional with over two years of experience in the industry. Harrison began his journey at Mortgage Choice, where he mastered the intricacies of mortgage policies and regulations. He then brought his expertise to Mortgage Domayne before joining our team at Loanscope in 2024. Harrison's dedication to client satisfaction is unparalleled. He specializes in assisting first-time homebuyers, navigating construction loans, and providing solutions for self-employed individuals. His track record speaks volumes, as he consistently secures loans for clients who may have struggled elsewhere. Beyond transaction facilitation, Harrison is committed to client education. He believes in empowering clients with the knowledge to make informed decisions about their financial future. With Harrison Handley as your mortgage broker, you can trust that your financial goals are in capable hands. Choosing a mortgage broker is a significant decision, but with Harrison's expertise and dedication, you can confidently navigate the process. Please contact Harrison Handley today and start your path to financial success.

Although seldom-rarely discussed, it’s worthwhile breaking taboo to discuss the recent changes to the Australian Taxation Office (ATO) debt for business this year.   As of the 29th of January, debts owed to the ATO may be sold off to a 3rdparty debt collection agency – RecoveriesCorp.    Unless you’ve already entered into a debt arrangement through the ATO, there is potential implications for individuals and businesses alike.    Aside from the automatically charging a hefty general interest charge (GIC) and the authority to offset any future tax refunds, if deemed serious enough the ATO could also undertake legal actions to issue director penalty & garnishee notices, or even initiating bankruptcy proceedings. Depending on the severity, they may even seek to disclose the debts to credit reporting bodies – further effecting credit ratings and halting future financial goals.   Needless to say, these tax debts can have rippling implications in financial stability, creditworthiness and legal standing. The ATO highly advising to discuss your tax debts with them directly to prevent this from happening, and should you wish to explore financial options regarding this, feel free to reach out to us.

The property market auction success of 2024 so far continues. There is certainly an increase in quality stock and a few of our clients had some success at finding a property. After a less than average spring season, let’s see what the usualy busy run to Easter has to offer this year.

Did you know auction clearance rates in Australia are at their highest in many months? According to an article in today's The Australian Financial Review , the percentage of properties selling at auction in Melbourne recent weeks is the highest since July last year. In Sydney, auction clearance rates have risen to the highest in 2 years! While that doesn't always mean that now is the right time for everyone to buy or sell property - we'd always advise on doing this when you're financially ready rather than trying to 'beat the market' - it's useful to factor in which way the market is heading. And right now it seems that direction is upwards, mainly due to the belief that interest rates may have peaked. Have a read below for more info ⬇️ #homebuyingtips #propertyauctions #mortgagebroker https://lnkd.in/gvKpNh_f

Did you know that medical professionals can get Lenders Mortgage Insurance (LMI) exemptions which can save them thousands on a home loan? It's one of a number of benefits open to doctors and other medical practitioners, although not every lender will offer this. Have a read of our latest blog below to find out more. ⬇️ What you might not also know is Loanscope have extensive experience providing mortgage broking services for medical professionals across the industry. 👀 So if you are in that profession and looking to buy property, we'd be happy to help you get the best deal! #homebuyingtips #medicalprofessionals #mortgagebroker https://lnkd.in/gSkZHgVa

The latest inflation figures are due out on Wednesday this week, and that could be good news for homebuyers. According to this morning's The Australian Financial Review , economists are predicting inflation could fall to its lowest level in 2 years. ⬇️ If that happens, it makes it even less likely that the RBA will raise interest rates when the meet next week. It also means the wait for an interest rate CUT may be shorter than previously expected. It's worth pointing out this is only a prediction, and the official figure won't be released until Wednesday morning. However, if the predictions are correct, it seems that inflation (and rates) are heading in the right direction for homebuyers at the moment! 😀 #propertyfinance #homebuyingtips #mortgagebroker https://lnkd.in/gt58bKPP

Our business is built on the quality of our people, and one of our most experienced brokers has been with us the longest - Daniel Venpin! Daniel joined us way back in 2017, and had already been working a mortgage broker for a number of years before that. Now with over 10 years of experience in the mortgage broking industry, he's an expert in providing professional advice and support for clients wishing to secure the best property finance solutions in the Australian market. Having lived and worked in the Melbourne market for many years, his longstanding relationships with a wide range of Australian lending providers allow him to deliver impartial advice that focuses on delivering the best outcome for each individual. He's also a great guy to have in the office, with his dry wit and easy going nature! For more info on Daniel and the services he offers our clients , check out his profile on our website: https://lnkd.in/geA9hmHA Love your work Daniel, we couldn't have built this business without you! 👍 #mortgagebroker #melbourneproperty #teamloanscope