Four Wall Investments

Have you seen a property you like online, but there's no price guide? I can help! Send me a message and I'll email you a free property report, which outlines the estimated property value, as well as comparable sales in the area. This is a great resource when understanding the value of a property and the ball park figure of what the seller may want.

After more than a year of the Reserve Bank of Australia (RBA) keeping its cash rate target on hold at 4.35 per cent, forecasts are for at least one 0.25 of a percentage point cut in 2025. Good article which outlines what you can expect, when, and what it could mean for your mortgage: https://lnkd.in/gZDVqaEk

There’s so much more to a home loan than your interest rates... lenders can be tricky to deal with, and loan terms/ products sometimes difficult to understand and compare. That's where I help, and my service is completely FREE to you. Get in touch with me to discuss - https://lnkd.in/gTtWYYaS

Happy new year everyone 🎉 For those who had a break over the festive period, I hope it was a great one! Looking forward to assisting my existing clients and hopefully many new ones in 2025. If you or someone you know are in the market to buy a new home, I'd be grateful for the opportunity to assist with the finance side of things. Please send me a message and I'll be in touch asap.

If you love spending your weekends diving into interest rate updates, decoding mortgage jargon, and analysing bank T&Cs, then you probably don’t need a mortgage broker. But if you’d prefer to enjoy your weekend with a latte and your feet up, it might be time to call in some expert help! Here are 4 reasons why working with a mortgage broker is a smart move: 1. It’s free: Mortgage brokers are free in that you don’t pay them directly. Brokers pay comes from the commission they receive from the lender they ultimately pair you with. If the Broker charges you a fee for service, they are required to notify you up front! 2. Expert insight: Brokers stay on top of industry trends, loan products, interest rates and other changes. That means you can count on them for up-to-date, informed advice. 3. Qualified guidance: With so many options and constant changes, it’s easy to feel overwhelmed. Brokers simplify the process, comparing lenders and helping you find the right loan for your needs. 4. Save time & stress: Choosing a loan is just the start. There’s paperwork, forms, and other admin to handle—but a broker can take care of all that for you. If you'd like me to do the leg-work for you, please get in touch! phil@4walls.com.au 0423 374 452

What’s the difference between fixed and variable interest rates? I'll break it down for you... Fixed interest rates A fixed rate means your interest rate is locked in for a set period (usually 1-5 years). ✅Locked-in certainty: Your interest rate won’t change during the fixed term. ✅Predictable repayments: Ideal for budgeting with stable monthly payments. ✅Less flexibility: Extra repayments or refinancing may come with restrictions or fees. Variable interest rates A variable rate moves up or down depending on market interest rates. ✅ Fluctuating rates: Your interest rate can rise or fall with market changes. ✅ Flexible features: Often includes offset accounts, redraw facilities, and easier refinancing options. ✅ Potential savings: You could benefit from rate cuts—but also risk paying more if rates rise. Still unsure which is right for you? Get in touch and discuss what works best for your goals!

RBA UPDATE - Cash rate remains on hold at 4.35%. The decision to keep the cash rate unchanged was widely expected at this meeting. Policymakers are likely taking into account the Consumer Price Index (CPI) sitting at 2.8%, which is within the target range. However, they are also observing the effects of recent government rebates on power bills and a reduction in the cost of fuel, both of which have influenced this figure downwards. Forecasts from major banks and economists are predicting that a change to the cash rate is not likely the new year, with most expecting this could stretch to May 2025. Today's decision underscores the importance of staying informed about economic developments and their potential impact on your finances. If you'd like to have a chat about what today's news means for you and your finances, please don't hesitate to get in touch.

The Reserve Bank of Australia (RBA) maintains that its number one enemy is inflation. If inflation stays high, so will home loan interest rates. But with many households experiencing mortgage stress, more rate rises in 2024 are the last thing anyone wants. Some experts are predicting interest rates will decrease sometime from May 2025. When do you think interest rates will finally come down? https://lnkd.in/g-nreh4s

Feeling very privileged to be a part of this industry as we hit records! Australians are choosing mortgage brokers because of the trust we've built with our clients and the broad support we offer... and the proof is in the pudding, with a record 74.6 per cent of all new home loans written by mortgage brokers in the three months to September 2024. if you'd like to understand your financial options and a tailored finance solution to fit your needs, please get in touch! https://lnkd.in/gXKmuKCm

Offset vs. Redraw Facility – What's the difference? Offset Account: An offset is a separate bank account linked to your home loan. The money you keep here reduces the interest you pay, as it "offsets" against your loan balance. For example, if you have a $500,000 loan and $20,000 in your offset, you only pay interest on $480,000. Redraw Facility: A redraw lets you access any extra repayments you've made on your loan. This can be helpful if you need funds in the future but want to keep interest down by making extra repayments now. For instance, if you’ve paid an extra $10,000 on your loan, you could withdraw this amount if needed. Each option has unique benefits and potential limitations. An offset account offers easy access to savings and reduces interest, but may have higher fees. A redraw facility can lower your loan term through extra repayments, but accessing funds may take longer or come with restrictions. Not sure which suits your needs best? Call me to discuss your options.