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You’re at that point in life where you want to get the bank off your back and plan for a time where you can work less and live more. Reducing your home loan as quickly as possible means you will own your major asset sooner and be able to use … Read More
Despite Sydney’s robust markets over recent months, affordability remains an issue. In many ways Sydney has been solid on all fronts. Demand is recovering, prices were inching up towards the end of last year and the economy remains sound. This doesn’t mean something isn’t missing. The last piece of this … Read More
Realising the dream of owning your first home can be an overwhelming task, and raising a deposit can be the toughest step of all. Whether you are saving for that first home, or facing the challenge of escaping your mortgage for that matter, it is no easy task to stay … Read More
With the major banks raising interest rates while they already have home loan rates well above non-bank lenders there has been much talk in the media about where the best deals are. Over the past few days we have been featured on several news programs and in popular newspapers. This … Read More
After the RBA Rate Announcement on Tuesday where they decided to keep rates on hold, Channel 9 News featured a story on the high interest rates of the Big Banks and where to find the best home loan deals. Illawarra Home Loans was interviewed and featured for this story with … Read More
It was looking like a sure bet that the RBA would take cut the official interest rate for the third time in a row. But, in a decision that will surprise many they have decided to keep the official rate at 4.75%. It looks as though signs of the US … Read More
Approval of the Olympic Dam mine expansion breathes new life into a stalling market The recent announcement that the Olympic Dam expansion is finally moving ahead gave the South Australian property markets a much needed boost in confidence amid a weakening market. During the three months ending September, median house … Read More
As first home buyers return to the Perth property market, hopes are high that capital growth will pick up in 2012. The Perth property market has been showing renewed signs of life during the spring selling season, with first home buyers leading the charge. Sales activity has been slow in … Read More
The Melbourne property market continues to weaken but there are signs that the fall is slowing. Melbourne property prices deteriorated further as the market realigned itself after massive growth over 2010. The data from Residex showed the median house price fell 2.35% over the September quarter, which is in line … Read More
The recent drop in values is making Brisbane properties attractive once again. The weakness in Brisbane’s median house values extended in the September quarter with Residex recording a 0.64% drop to $438,500. Over the past 12 months, median house values fell by 4.05%. The latest reading from RP Data confirms … Read More
After staging solid gains over the past few months, Sydney sees a reversal of its good fortune. Sydney’s been one of the most robust markets in Australia over recent months – but it looks like it’s finally yielding to the weight of poor sentiment and global economic uncertainties. According to … Read More
Sometimes life throws you a curve ball and you have to reassess your home ownership dreams to fit. In this article we explore some of the issues to bear in mind when some of the more common life-changing scenarios come your way and how you can refinance your mortgage to … Read More
Everyone wants to know the secret to paying off your mortgage and being debt free sooner but if you are serious about getting ahead financially there are 5 simple mortgage rules to live by which can mean the difference between spending the next 30 years paying the bank or, cutting … Read More
Bricks and mortar have taken a knocking in recent months, but it’s still one of the most robust investment classes, especially in the long term. Here’s why. 1. It’s safe (as houses) There’s a reason why ‘safe as houses’ is a well-known phrase: it’s true. According to research by AMP, … Read More
Where to buy to supercharge your portfolio Conventional investment wisdom has taught property investors to stick to the capital cities of Australia. After all, 70% of the country’s population lives in these urban centres, and they’ve historically provided solid, long-term growth (and there’s no reason why they shouldn’t in the … Read More
Head office here at Illawarra Home Loans is on the South Coast of NSW in Wollongong so what better way to kick start our inspirational home decor series than with a feature on beach houses. Whether it is your main residence or you’re lucky enough to own a beach house … Read More
Waiting for fixed interest rates to hit rock bottom? Wait any longer and you could miss the boat. You may not have noticed but while you were ringing in 2012 many banks started creeping their fixed rates up. With the recent cuts to the official interest rate by the RBA … Read More
So it seems to be the general consensus that this year has flown by and we have suddenly found ourselves again rushing down to the Wollongong markets to grab some Christmas Bush and home made fruit mince pies in preparation for Christmas Day. What an exciting year we’ve had here … Read More
Rate Announcement For the second month in a row the RBA has cut interest rates and again we’ve followed suit and cut the full 0.25% off the variable interest rates on all of our home loans! This is even better news for First Home Buyers in NSW looking to get … Read More
The NSW State Government announced on 6 September 2011 that as of 1 January 2012 First Home Buyers purchasing established properties will no longer receive a stamp duty concession. As of 1 January 2012 stamp duty concessions will only be available to first home buyers purchasing a brand new home … Read More
