With our Preferred Mortgage Broker, Harry Favetti | Azura Financial. The Reserve Bank of Australia (RBA) has maintained the cash rate at 4.35% since February 2024. With the next RBA meeting scheduled for December 10, 2024, financial markets largely expect the rate to remain unchanged, with any potential reductions anticipated in early 2025. General Borrowing Volumes While the Spring selling season in New South Wales has been slower than usual, home loan activity has picked up significantly. Pre-approval applications are on the rise, driven by borrowers eager to position themselves for transactions in early 2025. Many are preparing to take advantage of potential shifts in market conditions, including the prospect of lower interest rates. This proactive sentiment suggests that buyer demand could strengthen noticeably in the new year, potentially reinvigorating the property market with increased competition and sales activity across various sectors. Azura Financial Services Azura Financial Services offers a free service, connecting clients with a panel of approximately 50 lenders. Benefits include faster turnaround times on home loan applications, refinance cash rebates up to $2,000, and free up-front property valuations. Borrowing options with loan-to-value ratios (LVR) of up to 90–95% are available, and certain professionals, such as medical practitioners and legal experts, may qualify for Lenders Mortgage Insurance waivers. Home Loan Market Update. Harry Favetti | Credit Adviser 0416 478 120 harryfavetti@azurafinancial.com.au www.azurafinancial.com.au
RkJQdWJsaXNoZXIy MTI3ODI1