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Q&A Video: Why do you need a Pre-Approval in place before house-hunting?

Why do you need a Pre-Approval before you start house-hunting? Watch our short video to find out You can find more detail on the benefits of a Pre-Approval here. … [Read more...]

RBA Interest Rate Decision – April 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. The global economy has strengthened over the past year. A number of advanced economies are growing at an above-trend rate and unemployment rates are low. The Chinese economy continues to grow solidly, with the authorities paying increased attention to the risks in the financial sector and the sustainability of growth. Globally, inflation … [Read more...]

What does, “Do your research!” actually mean when you’re trying to buy a house?

When you’re looking for a new home to buy, everyone always says, ‘Do your research!’ But what does that actually mean?! Let’s assume you’ve already done your research on the finance side of things and spoken to us about your options. You know how much you can comfortably borrow and have a pre-approval in place.  You’re ready to go house hunting. It’s now time to do some property market research! We’re all different when it comes to how much property research we want to undertake before … [Read more...]

How do regulatory changes in lending affect me as a borrower?

If you’ve worked for any Government Department over the last few years, you would be very familiar with the phrase, “change is the only constant.” Your Department’s probably merged with another, your area has moved to another section and perhaps despite the changes, you’re now back to exactly where you started – performing the same role as before. Boy do we know what that’s like. Over the last few years, the lending industry has seen unprecedented changes and with the Royal Commission into … [Read more...]

Q&A Video: Can you buy your first home without a large cash deposit? (Yes, you can!)

 Are you eager to buy your first home, but finding it hard to save a large cash deposit? There might be a few other ways you can get into your first home. Find out more in this video. … [Read more...]

RBA Interest Rate Decision – March 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. The Bank's central forecast is for the Australian economy to grow faster in 2018 than it did in 2017. Business conditions are positive and non-mining business investment is increasing. Higher levels of public infrastructure investment are also supporting the economy. Further growth in exports is expected after temporary weakness at the end of … [Read more...]

MMO named one of Australia’s “Top 25 Brokerages” in 2018 (The Adviser Magazine)

We're so excited to share the news!  MMO has been recognised as one of the top brokerages in Australia, securing a place in The Adviser’s "Top 25 Brokerages" ranking 2018. The Top 25 Brokerages ranking was revealed in the February 2018 edition of The Adviser, an industry publication for Australian mortgage and finance brokers. MMO was named #17 in "The Top 25 Mortgage Brokerages" ranking. This is the SECOND time we've been recognised as one of the best teams in the country!! We were the … [Read more...]

Let’s talk about home loan interest rates – What are they doing?

There’s been a lot of media commentary lately around the movement of interest rates. Are they going up?  When are they likely to go up? How much will they go up by? Whilst it’s difficult to accurately predict exactly what rates are going to do, there are a few tools we use to help us determine the likelihood of certain rate scenarios playing out. We want to share them with you here. Cash Rate Futures Yield Curve To get an idea of what's happening with interest rates, we like to keep an … [Read more...]

So you have the land, now how do you pay for the house?

So you’ve managed to buy a nice block of land at a fair price – Congratulations! Now comes the exciting part – building your dream home! We’re going to skip over the fun part where you where you look at display homes, decide on a plan (or come up with your own), find a builder, plan the landscaping, get the site surveyed and soil tested, research tap wear and tiles, weigh up the pros and cons of an indoor herb garden, consider heating and cooling options, check out window treatments, select … [Read more...]

RBA Interest Rate Decision – February 2018

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. Here's part of the Media Release issued by Phillip Lowe. Inflation is low, with both CPI and underlying inflation running a little below 2 per cent. Inflation is likely to remain low for some time, reflecting low growth in labour costs and strong competition in retailing. A gradual pick-up in inflation is, however, expected as the economy strengthens. The central forecast is for CPI inflation to be a … [Read more...]

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