<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1653223531561810&ev=PageView&noscript=1" />
MMO Team Photo

Still haven’t found what you’re looking for? Property listings to pick up soon

While you were having some down time over the festive season, did you find yourself scrolling through real estate listings? If so, you might’ve noticed there were fewer properties available for sale than usual. There's a reason for that.  If you couldn’t find the home you're looking for over the break, don’t stress - it’s actually much harder to find ‘the one’ at this time of year. That’s because property listings traditionally drop in December, with 2020 no exception. In fact, … [Read more...]

How is 2021 shaping up from a lending perspective? What does that mean for you as a borrower?

There’s no doubt that 2020 created challenges for many of us. Entire industries struggled, financial markets were significantly impacted and there’s still a great deal of uncertainty on the horizon. But lenders are still lending, right? Yes. And Canberrans are still buying property, right? Yes! (Double yes!) We helped record numbers of Canberrans buy homes and/or prepare to buy in 2020 and 2021 is shaping up to be no different. With a large portion of Canberra’s population in secure, … [Read more...]

3 quick and easy finance resolutions

Whenever we think of New Year’s resolutions, the first thing that comes to mind is a health kick. (Or is that just us?!) Here are three (easy) New Year’s resolutions that’ll help improve your financial wellbeing in 2021.   1. Book in for a home loan review Quick question (no judgement): do you know the interest rate on your home loan? Don’t stress if you don’t, studies show that about half of homeowners don't actually know the interest they're paying on their home loan. But … [Read more...]

Will stamp duty be stamped out? Stamp duty reforms on the horizon

NSW and Victoria have recently unveiled some big changes to the inefficient tax, and there’s hope it’ll inspire other states to review their own stamp duty arrangements.   What is stamp duty? If you haven't purchased property, you may be unfamiliar with stamp duty. It's essentially a state/territory government tax you pay when you purchase real estate. How much it costs depends on what state you’re buying in, the value of the property you’re buying, and whether you’re eligible for … [Read more...]

Responsible lending laws to be axed. What does this actually mean for you?

You may have heard of the federal government's plans to scrap responsible lending laws from 1 March 2021. It's one of the key initiatives designed to boost economic recovery from the COVID-19 recession by simplifying the regulatory landscape and freeing up access to credit for home buyers and small businesses. What does it actually mean though? And how will it affect you as a borrower? Let’s break it all down in a little more detail, and how it might affect you come 1 March … [Read more...]

Australia’s homes are some of the biggest in the world

In 2019/20, the average new house built in Australia measured a massive 236m2. This represents 2.9% growth on the year before, and represents the biggest increase in home size in 11 years. CommSec's recent report into home size trends shows Australian houses are now being built bigger than anywhere else in the world. In fact, we just reclaimed the number one spot from the US. Apartment sizes in Australia have grown too, with the average new apartment increasing 6% in the last year to … [Read more...]

RBA cuts cash rate to new record low – 3 Nov 2020

At its meeting today, the RBA decided to lower the cash rate by 15 basis points to 0.10 per cent. “Given the outlook for both employment and inflation, monetary and fiscal support will be required for some time,” Governor Lowe said in his statement. Governor Lowe added the low cash rate is likely here to stay until actual inflation is sustainably within the 2 to 3% target range. “Given the outlook, the board is not expecting to increase the cash rate for at least three years,” Governor … [Read more...]

Boost your home loan deposit: you may have cash lying around the house

If you're looking for a way to boost your house deposit, or could do with a few thousand dollars to make additional payments into your mortgage, maybe a Spring clean is the answer.  According to the 2020 Gumtree Second Hand Economy Report,the average Aussie household could make nearly $6,000 from selling pre-loved items. Apparently as a nation we like to hoard items, with more than 85% of us having unwanted items that are just collecting dust around our homes. The Report found that the … [Read more...]

Is property a still good investment? The ‘experts’ think so

You've probably heard the the saying ‘safe as houses’? Well, it appears that tightly-held belief of many Australians is still tightly-held, with some of Australia's economic experts saying they'd be putting their money into property right now. A Finder Study surveyed 28 leading experts and economists and asked for their opinion on future cash rate movements, as well as other issues related to the Australian economy. When these experts were asked: “Where do you think is the best place … [Read more...]

Homeowners are refinancing in record-high numbers. Is it time to explore your options?

Homeowners in record-high numbers are taking advantage of reduced interest rates and competitive refinancing offers. Are you ready to take the leap?  When times are tough, the belt gets tightened. And we’ve seen that play out across the country in a big way recently, with the number of Australian families who refinanced their mortgage in May the highest on record, according to the latest figures from the Australian Bureau of Statistics (ABS). In fact, 33,712 Australians refinanced a … [Read more...]

Award Winning Mortgage Professionals