Mortgage Titans

Emerging Suburbs in South Australia: The Next Big Thing? 🏡 According to a recent PropTrack report, several of South Australia's affordable suburbs are poised for substantial growth by 2029. This forecast presents exciting opportunities for both homebuyers and investors aiming to tap into future market trends. If property prices continue to rise at the same pace as the past five years, homes in previously affordable suburbs on the outskirts of major cities could reach near million-dollar price tags. Are you ready to invest in South Australia's future hotspots? https://lnkd.in/gK6NaC3S

🌟 Client Success Story 🌟 In the current high-interest environment, every dollar saved on interest counts. I recently assisted a client in securing an interest rate reduction that will save them a significant amount over the life of their loan. 📉 Initial Rate: 7.89% (Low Doc Loan) 📈 New Rate: 6.79% (Low Doc Loan) 💡 Lender: Same Lender By reviewing and repricing their loan, we managed to reduce their interest rate by 1.1%. This adjustment translates to tens of thousands of dollars saved over the life of the loan. When was the last time you reviewed your mortgage? If it’s been a while, you might be missing out on potential savings. Reach out today to explore how much you could save!

🏙️ City-by-City Breakdown of Australian Property Resales Profitability In Q1 2024, the Australian property market achieved its highest profitability rate since July 2010. Here's a snapshot of how different cities performed: 🔹 Adelaide and Brisbane: Leading the pack with the highest profitability, only 1.6% of resales resulted in a loss. These cities are the top performers, showcasing strong market conditions and demand. 🔹 Melbourne: Recorded a 9.2% rate of loss-making sales, up slightly from 8.9% in the previous quarter. This makes Melbourne the second least profitable market among the capital cities, trailing only Darwin. 🔹 Perth: A remarkable turnaround story, with loss-making sales dropping to 6.4% from 43.8% in June 2020. Perth's strong metrics, including a 6.1% rise in home values over three months and a median selling time of just 10 days, suggest continued improvement in profitability. These insights underline the diverse performance across Australia's major cities, with Adelaide and Brisbane leading in profitability while Perth shows significant recovery. The overall market remains robust, offering promising returns for property owners and investors.

Today, we announce our Housing Roadmap for More Homes for South Australians. For too long, governments have kicked the can down the road when it comes to building water infrastructure. It has left us with a housing crisis. Spiralling mortgages and rents risk locking our young people out of home ownership altogether. My Government will not stand for this. We must make the investments now that set our state up for the future. The record $1.5 billion water infrastructure investment in this Housing Roadmap will unlock thousands of new allotments to allow industry to build the homes we need to deliver on the opportunities before us. By leveraging the Government’s balance sheet and working closely with industry, we have been able to limit bill increases for SA Water customers. To find out more about our Housing Roadmap, please visit: https://lnkd.in/dm6jGg52 UDIA SA Master Builders SA Civil Contractors Federation SA - CCF SA Housing Industry Association (HIA) Property Council SA

🌟 Adelaide: The next million dollar city Exciting times ahead for Adelaide’s property market! Here are the key highlights from the latest Domain Forecast Report for the financial year 2025: 🏠 House Price Growth: -Adelaide is set to see significant house price increases, forecasted to rise between 7% to 9%. -By the end of FY25, median house prices are expected to reach between $965,000 and $984,000. -Adelaide is on track to become a million-dollar city by the end of 2025! 🏢 Unit Price Growth: -Unit prices in Adelaide are also on the rise, with an expected growth of 4% to 6%. -This will bring unit prices to a new record high, ranging between $509,000 and $519,000. -Adelaide is poised to be one of the top-performing unit markets alongside Sydney and Brisbane. 📈 National Trends: -Australian home prices are forecast to rise, albeit at a slower pace compared to previous years. -Constrained supply, high construction costs, and strong migration will drive property prices up across most cities. -Homeowners and renters alike are feeling the pressure from high interest rates and low vacancy rates. 🌏 Capital City Highlights: -Sydney, Brisbane, and Perth are expected to lead price gains, with record-high house and unit prices by the end of FY25. -Melbourne and Canberra will see more moderate growth, with Melbourne’s unit prices projected to grow faster than houses.

📊Population Vs Housing🏠 According to the Australian Bureau of Statistics, at the time of writing this post, Australia’s current population stands at 27,288,223 and is growing every minute. Projections indicate that by 2034, our population will reach 31,611,780. This means an increase of over 4.3 million people in the next decade! As the population grows, so does the demand for housing. But how will this play into the market dynamics, especially with the current preference for older, established properties over new builds? As demand rises, acquiring existing established properties might become even more challenging and competitive. For prospective homebuyers and investors, now is the time to understand these market dynamics and make informed decisions. The rising demand for housing presents both challenges and opportunities. Thinking about buying your first home or investing in property? Reach out today to discuss how you can navigate this evolving market and make the best choices for your future.

At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. https://bit.ly/4euM0ZM

Maximize Your Investment Property's Potential with Scrapping Scrapping can significantly enhance your tax benefits for investment properties. By removing and depreciating old assets during renovations, you can claim immediate tax deductions on their remaining value, thus improving your cash flow. Engaging a qualified quantity surveyor is crucial. They create detailed depreciation schedules, ensuring you claim all possible deductions, including the remaining value of discarded items like old kitchens or flooring. For example, if you're in the 37% tax bracket, scrapping old assets along with repair and maintenance deductions can lead to substantial tax refunds.

🔍 Understanding Cash on Cash Return in Property Investment 🇦🇺🏡 Looking to measure the profitability of your property investments? One key metric to know is the Cash on Cash Return. Cash on Cash Return measures the annual return on the cash you invested in a property. It’s simple and focuses purely on the cash flow compared to your initial cash investment. How it works: Annual Cash Flow: Rental income minus all expenses (maintenance, fees, mortgage payments). Initial Cash Investment: Down payment, closing costs, immediate repairs. Cash on Cash Return=(Annual Cash Flow/Initial Cash Investment)×100 For example, if your annual cash flow is $10,000 and your initial cash investment is $100,000, your Cash on Cash Return is 10%. Important: This is just one metric. Always consider other factors and metrics to get a full picture of your investment's performance. Invest wisely and make sure your money is working hard for you! 💪💰

Beyond the Rate: Key Mortgage Considerations When securing a mortgage, don't just focus on the interest rate. Here’s why serviceability, loan features, and the lender's assessment of unique income types are crucial: 1. Serviceability and Borrowing Power: Serviceability affects how much you can borrow. Lenders consider your ability to meet repayments based on your income and expenses, influencing your borrowing capacity. 2. Comprehensive Loan Features: Look for benefits like offset accounts, redraw facilities, and flexible repayment options. These features can save money and provide financial flexibility. 3. Tailored Lender Assessment: Choose lenders that consider all your income sources, including overtime, bonuses, and shift allowances. This maximizes your borrowing power and provides tailored loan solutions. Final Thoughts: Evaluate the full financial picture, including total loan costs, customer service, and loan portability.